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Inside the CFPB
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Hopes, Dreams for Actions by CFPB Conveyed to Chopra

October 11, 2021
Brandon Ivey
Rohit Chopra’s confirmation as CFPB director prompted a surge of statements from industry stakeholders. The sentiments include requests for action and compliments.
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Enforcement Actions Can Drive Minority Lending

October 11, 2021
Namrata Bhatia
Banking supervision plays an important role in improving access to mortgage credit for minorities and women, according to a new study.
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Seniors’ Complaints About Mortgages Jump in 2021

October 11, 2021
Namrata Bhatia
Consumers self-identifying as older Americans filed 1,987 gripes related to mortgages in the first half of 2021, a sharp increase from the same period last year. Conventional mortgages made up most of the complaints.
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The CFPB in Charge of Bank Mergers? A Bill Appears…

October 11, 2021
Paul Muolo
Should the CFPB have a say in bank M&As? Bankers will tell you no, but a new bill introduced on Capitol Hill opens up such a possibility.
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Pandemic Brings Relief to Surging Credit Card Debt

October 11, 2021
Namrata Bhatia
The consumer credit card market had been booming over the last few years, with debt levels hitting new peaks in 2018 and 2019.
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CFPB Provides Clarifications on Debt Collection Rule

October 11, 2021
Brandon Ivey
The bureau answered frequently asked questions about Regulation F, with details on when practices may run afoul of the debt collection rule.
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Oakland Loses Fair Housing Act Lawsuit Against Wells

October 11, 2021
Brandon Ivey
A lawsuit filed by Oakland, CA, in 2015, alleging that discriminatory lending by Wells Fargo eventually prompted a decrease in property tax collections, was ultimately decided in favor of the lender.
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Other News in Brief

October 11, 2021
Brandon Ivey
Supreme Court won’t hear CFPB case; delay of payday lending rule stymied; CFPB targets top reverse mortgage lender.
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CFPB to Review Servicers as COVID Forbearance Periods End

September 27, 2021
Brandon Ivey
The federal regulator will continue to take a close look at mortgage servicers’ actions as a wave of distressed borrowers nears the end of their pandemic-related forbearance programs.
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Senate Nears Vote to Confirm Chopra as CFPB Director

September 27, 2021
Brandon Ivey
Rohit Chopra was nominated in February to serve as the CFPB’s director. However, a final vote on his appointment has been delayed in the Senate for several months due to concerns about the leadership of the Federal Trade Commission, where Chopra is currently a member.
Read More
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