The Federal Trade Commission and California’s Department of Financial Protection and Innovation have initiated action against a group of companies for making false claims related to mortgage modifications.

The Center for Responsible Lending and Consumer Bankers Association have jointly requested rulemaking on personal lending, while the National Consumer Law Center wants rulemaking to prohibit the listing of medical debt on credit reports.

The CFPB imposes penalty on overdraft fees; online lender sued; money transfer firm fined; term lender’s appeal fails.

The bureau wants to know how it can make it easier and less risky for consumers to refinance their mortgages, and how it could spur the creation of new products.

CFPB Director Rohit Chopra explains how the bureau’s recent big moves are tied to his views on the functioning and regulation of consumer financial markets and products.

Senate Republicans believe the bureau under Director Rohit Chopra has adopted an arrogant regulatory ethos.

The 11th Circuit Court of Appeals found that a plaintiff alleging a Federal Debt Collection Practices Act violation had to prove concrete harm, not just a statutory violation, to have standing.

CFPB Director Rohit Chopra has directed bureau staff to look into possible rules for buy now, pay later products in five areas.

While the CFPB has no plans to restrain the use of forced arbitration clauses, Director Rohit Chopra is open to the idea.

The CFPB is hiring for the technical implementation of the project, and vendors are introducing compliance products.