The CFPB updated its 2016 advisory notice on elder financial abuse. Though the recommendations are voluntary, companies that fail to comply might become targets of enforcement actions, attorneys warned.

Lawmakers are seeking ways to better understand and regulate the use of alternative data in underwriting. Asking for express consumer consent and creating sandboxes are considered.

While industry groups support the CFPB’s plan to review rules that have significant economic impact on small entities, consumer groups suggest the bureau restrict the plan.

The CFPB and New York attorney general together fined debt collectors more than $60 million for illegal collection practices in a recent enforcement action.

The mortgage industry has urged the New York Department of Financial Services not to go beyond the CFPB in terms of regulating mortgage servicers.

Freedom Debt Relief agreed to settle allegations that it misled consumers who participated in its debt settlement program and charged fees without settling debts as promised.

The bureau is monitoring lending models and algorithms to prevent discrimination and boost access to credit.

Reversing the trend of the previous year, consumer complaints filed with the CFPB in-creased in the second quarter, according to an analysis by Inside the CFPB.

CFPB Director Kathy Kraninger exercised spending cuts across divisions except for consumer education and the office of director.