The bureau wants to know why several major credit card issuers aren’t furnishing actual payment information to credit reporting agencies. The request for input is voluntary.
The new office, which replaces the Office of Innovation, will broaden its focus to include research and policy oriented at identifying and addressing obstacles to competition.
SEC administrative adjudications found unconstitutional; NCRC settles with Movement Mortgage; CFPB and New York attorney general settle case against debt collectors.
The share of borrowers exiting relief in delinquent status is increasing, according to the bureau’s latest report on mortgage servicers’ response to the pandemic.
The rule affirms the terms under which state attorneys general can pursue claims under the Consumer Financial Protection Act, reflecting the bureau director’s desire to collaborate more closely with state authorities.
Attorneys believe the bureau categorizing some enforcement cases as fair lending-related, even without violations of the Equal Credit Opportunity Act, suggests a shift in its approach on the issue.
The advice from attorneys at the law firm Venable centered around understanding enforcement entities’ motivations and circumstances for bringing the claims.