Sanctioned once before by the CFPB, it could be the end of the line for an Oakland-based payday lender that caters to employees of the military.

The settlement would end a class action filed against Sierra Pacific Mortgage for allegedly receiving illegal payments in exchange for referrals of title work.

Georgia residents submitted 825.2 complaints per million people against financial service providers in the second quarter of 2021. (Includes data chart.)

Chopra’s CFPB appointment gets closer; John Coleman joins private sector; OCC officially proposes rescinding its 2020 CRA rule; CFPB releases filing instructions for 2022 HMDA data collections.

Federal bank examiners adopted a flexible and balanced approach to conducting examinations with a goal to ensure the resiliency of banks while not slowing down the flow of credit.

Two recent lawsuits show the value of carefully drafting agreements with employees to arbitrate claims.

A more “nuanced approach to penalty calculation” by an appeals court will have important ramifications for both litigated cases and settlements in which the CFPB seeks the maximum applicable penalty amount, according to Mayer Brown attorney Ori Lev.

Black and Hispanic borrowers in the mortgage market continue to face higher interest rates and denials, according to a new CFPB report based on 2020 HMDA data.

The CFPB argued that under the Electronic Funds Transfer Act and the Dodd-Frank Act, it was well within its authority to require mandatory disclosures.

Unlike during the Great Recession, when lenders pulled back on consumer access to credit, new credit for mortgages and auto loans loosened during the pandemic.