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Inside the CFPB
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‘Algorithmic Redlining’ a Focus in Fair Lending Enforcement

November 8, 2021
Sam Manas
In congressional hearings, CFPB Director Rohit Chopra doubled down on his concerns about “algorithmic redlining,” indicating that lenders can expect more robust enforcement on the practice.
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CFPB Paying Close Attention to Servicers’ Foreclosure Actions

November 8, 2021
Sam Manas
The CFPB reiterated that, as COVID-19-related forbearance protections expire, it will be keeping close watch on servicers’ actions.
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CFPB Eyeing Big Tech, Payments and Crypto

November 8, 2021
Sam Manas
CFPB Director Rohit Chopra raised concerns about how big technology companies operate their payments platforms. The regulator is also looking into risks posed by cryptocurrency.
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Other News in Brief

November 8, 2021
Sam Manas
New York to apply CRA standards to nonbanks; CFPB announces 2022 regulatory thresholds under TILA; CFPB issues advisory opinion on mistaken identity matching.
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CFPB Chief Warns Lenders to Focus on Fair Lending

October 25, 2021
Paul Muolo
The government settled a mortgage redlining case against a southern bank, but a warning shot may’ve been fired on technology and bias.
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Chopra Beefs Up Senior Leadership at CFPB

October 25, 2021
Brandon Ivey
While Zixta Martinez got bumped up, two new faces — Karen Andre and Jan Singelmann — are joining the senior ranks of the CFPB.
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First Enforcement Action Under Chopra Targets Abusive Practices

October 25, 2021
Brandon Ivey
JPay, a company that helps the government distribute money to people at the end of their prison sentences through debit cards, charged consumers fees to access their own money, the bureau said in its complaint.
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CFPB Paying Attention to Big Tech’s Payment Platforms

October 25, 2021
Brandon Ivey
Amazon, Apple, Facebook, Google, PayPal and Square have been ordered to provide information regarding their payment platforms. The CFPB said the order was part of a market monitoring effort.
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Fair Lending and Servicing a Top Priority for CFPB

October 25, 2021
Brandon Ivey
The CFPB under Rohit Chopra is expected to be much more aggressive regarding fair lending and fair servicing than under his predecessors.
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Chou Team COO Fined $40M Over Credit Report Fraud

October 25, 2021
Namrata Bhatia
A California district court found Jawad Nesheiwat, the company’s COO, guilty of providing consumer credit information to student loan debt-relief companies to use in marketing their services.
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