The bureau has agreed to pay $6 million to settle a 2018 discrimination lawsuit brought by current and former Black and Hispanic employees.

Attorneys recently highlighted non-compliant behavior among mortgage loan originators, including their usage of social media.

Restrictive tap-to-pay practices at Big Tech companies could limit consumer choice and reduce market innovations, the bureau warned in a new report.

The CFPB has clarified that it applies all documents it assumed authority over from other agencies in 2011 unless they were superseded by law.

A panel of judges in the Fourth Circuit Court of Appeals has held that the federal Bankruptcy Code doesn’t preempt state law claims arising from alleged improper collection attempts of a discharged debt.

Regulators in New York and California are stepping up their notice requirements for security incidents. California is also in the process of enhancing consumer data rights.

Credit unions want reforms for CFPB; CFPB, states take action against firm offering point of sale financing; CFPB warns on college tuition payment plans; updates to NMLS policy guidebook; MISMO offers best practices for servicing transfers.

The agency opposed a request to expand an injunction on implementing its small business lending data collection rule to all covered institutions. Currently the stay applies only to American Bankers Association and Texas Bankers Association members.

The Bank Policy Institute and American Bankers Association have asked federal agencies to pause adoption of the Community Reinvestment Act final rule until proposed bank capital requirements are finalized and the Supreme Court decides on the CFPB’s funding mechanism.

According to Dan Smith, president and CEO of the Consumer Data Industry Association, the CFPB’s potential data broker rule could lead to companies exiting the data business.