The CSBS believes networked supervision will give states new capabilities for managing risk and increasing data flow and partnership opportunities with states’ federal counterparts.
Regulatory examinations for loan servicers in California will now include a process to determine compliance with both state and federal laws regarding COVID-19-related foreclosures.
In the most recent 12-month period, Florida residents submitted 2,716 complaints per million people against financial service providers. (Includes data chart.)
With less than two weeks left until the new qualified-mortgage standards go into effect, there is no official word on whether the rule will be delayed.
In a new blog posting, CFPB Acting Director Dave Uejio spelled out the ways the bureau is working to get financial institutions to provide substantive responses to consumer complaints.
The agency is scrambling to boost its attorney strength to help it to deliver on its promise to make consumer protection rules more effective, and to consistently and fairly enforce those rules.
Most industry stakeholders suggested the CFPB push financial institutions to adopt data sharing through application programming interfaces instead of the practice of screen scraping.
The new California state regulator, modeled after the CFPB, fined Optima Advocates for falsely promising consumers it could get their student loans dismissed in exchange for a fee.
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