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Inside the CFPB
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Warren Praises Bureau’s Consumer Complaint Hotline

August 2, 2021
Lisa Burden
But what should be next on the CFPB’s agenda? Regulation of the cryptocurrency market, the bureau architect says. 
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House Bill Seeks to Clarify Bureau’s MLA Authority

August 2, 2021
Lisa Burden
The bill would ensure that all consumers — not just veterans — are protected by the Military Lending Act’s cap on interest rates.
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Other News in Brief

August 2, 2021
Lisa Burden
Kraninger joins crypto-monitoring firm, Brown asks bureau to look into complaints, Connecticut tweaks licensing provisions.
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Caliber Agrees to Pay $5M to Settle Improper Fee Charges

July 29, 2021
Lisa Burden
A settlement in a similar class action involving PHH/Ocwen was opposed by a group of state attorneys general, but a new agreement is pending.
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Industry Not Fazed by Expiration of QM Patch

July 19, 2021
Lisa Burden
Mortgage industry participants have a ho-hum reaction to expiration of the GSE patch for QMs. One compliance officer says the industry will do just fine without it.
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MBA Wants to Know How Fair Lending Laws Apply to AI

July 19, 2021
Lisa Burden
The CFPB should allow lenders to adopt approaches using artificial intelligence in ways that expand credit access and limit fair lending risk, the MBA said.
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CFPB COVID Rule Places Limitations on Foreclosures

July 6, 2021
Lisa Burden
The bureau issued a final rule that nearly all residential servicers must adhere to when dealing with principal residences where borrowers are struggling with the financial impact of COVID-19.
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Uejio’s HUD Nomination to Spur Chopra’s Senate Vote

July 6, 2021
Lisa Burden
CFPB Acting Director Dave Uejio’s nomination to HUD suggests the Biden administration believes it has enough votes to get Rohit Chopra’s CFPB nomination approved.
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Politicos Spar Over Proposal for a Public Credit Bureau

July 6, 2021
Lisa Burden
Members of the House Financial Services Committee voiced different views on a proposal for a government-run credit reporting agency that would compete with the three big private players — Equifax, Experian and TransUnion.
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Former CFPB Chief Touts Benefits of Self-Reporting

July 6, 2021
Lisa Burden
Six months after leaving the bureau, former CFPB Director Kathy Kraninger has some advice for companies: Have a process in place for identifying mistakes before the bureau and state examiners do so.
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