The Government Accountability Office recommended that the CFPB clarify which financial institutions can offer rehabilitation programs to private student loan borrowers. But the bureau decided otherwise.
The mortgage-related provisions in the proposed debt-collection rule mark the latest efforts by the bureau to bridge the difference between the debt collec-tion law and mortgage servicing rules.
Two banking trade groups have asked the CFPB to decline the credit union industry’s request to delegate oversight authority of credit unions to their prudential regulator.
The CFPB issued a proposed debt collection rule to clarify matters looming in the industry, including the use of emails and text messages. If the proposal is finalized, it will be the first time that the industry has clear rules to rely on rather than numerous court precedents.
Senators Seek Data on CFPB Oversight of Student Loan Servicers; House Financial Services Committee Approves Waters’ CFPB Bill; Utah Creates a Regulatory Sandbox for Fintech Firms; CFPB Settles with Online Lead Aggregator.
RSS