The bureau alleged that the servicer misled consumers about CARES Act forbearance and misreported information to credit agencies. Carrington says the bureau is not living up to its promise to be “flexible” with servicers who meant well. 

The bureau said tenant-screening reports often contain “wrong, misleading, or old” information and that renters have little recourse.

Last month’s appeals court decision that the CFPB’s funding structure is unconstitutional has created a lot of uncertainty.

The bureau moved one step closer in its long-awaited consumer-permissioned data sharing rule, releasing an outline of proposals to small business representatives.

The bureau has sent notice that financial services firms need to stay on their toes regarding data security or risk violating the Consumer Financial Protection Act.

A firm’s organizational structure and the way information is shared can have implications for the likelihood of compliance problems.

CFPB says that overdraft fees based on “unintelligible” processes and blanket policies to charge consumers for depositing checks that bounce are both likely violations of the Consumer Financial Protection Act.

Broeksmit criticizes CFPB at annual MBA conference; Senate Democrats ask for remittance rule revisions; bureau reopens payment service comments; CFPB says student borrower finances worsening.

Observable underwriting factors explain most racial and ethnic disparities in mortgage application denial rates, a new Fed study finds.

Industry attorneys believe the CFPB will appeal a Fifth Circuit opinion finding its funding structure unconstitutional. They expect the fight to end in some form of legislative arrangement.