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Inside the CFPB
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Section 1033 Rule Faces Mixed Reactions; Lawsuit

November 4, 2024
Shannon Clark
Two trade groups representing banks filed a lawsuit the same day the CFPB released its final rule.
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MBA Urges CFPB to Revise RESPA Regulations

November 4, 2024
Shannon Clark
Regulations under Section 8 of RESPA are “obsolete and costly with few consumer benefits,” according to the MBA.
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CSBS to Roll Out One Company, One Exam in 2025

November 4, 2024
Shannon Clark
State regulators plan to move the One Company, One Exam effort out of pilot into full operation, beginning with larger mortgage companies.
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Apple, Goldman to Pay $90M To Settle CFPB Investigation

November 4, 2024
Shannon Clark
The companies were accused by the CFPB of mishandling credit card disputes and misleading consumers about payment options.
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CFPB Warns Companies of Worker Surveillance Systems

November 4, 2024
Shannon Clark
The bureau released guidance that details employers’ responsibilities and consumer protections under the FCRA involving worker surveillance technologies.
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Other News in Brief

November 4, 2024
Shannon Clark
CFPB, Townstone to settle lawsuit; CFPB fines credit union for alleged system update failures; Meta under investigation by CFPB; Paypal Credit receives CID; NCUA plans fair lending hire; consumers support overdraft protections; open recommendations from the CFPB’s OIG; Capital One faces possible enforcement action.
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Chopra Dismisses Suggestion of Political Motivation in its Investigations

October 21, 2024
Shannon Clark
CFPB Director Rohit Chopra said he isn’t too worried about how recent Supreme Court decisions would impact the bureau.
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Fairway Settles CFPB, DOJ Lawsuit Over Redlining

October 21, 2024
Shannon Clark
More fair lending enforcement actions and investigations could come up over the next few months ahead of potential changes in the political landscape, according to Richard Horn, co-partner at the law firm of Garris Horn.
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MISMO Releases Mortgage Compliance Dataset

October 21, 2024
Shannon Clark
The new dataset will help both regulators and mortgage companies, according to MISMO.
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CFPB Bans Company From Arbitrating Consumer Financial Disputes

October 21, 2024
Shannon Clark
Ejudicate has been permanently banned by the bureau for holding arbitration proceedings for a company it received a kickback from.
Read More
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