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Debt-Settlement Firm Fined $25M for Misleading Consumers

July 15, 2019
Yemeng Yang
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.
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Kraninger Trims Spending in First Half of 2019

July 15, 2019
CFPB Director Kathy Kraninger exercised spending cuts across divisions except for consumer education and the office of director.
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Other News in Brief

July 15, 2019
Yemeng Yang

FDCPA Statute of Limitations Should Run Longer?

July 1, 2019
Yemeng Yang
The CFPB under the leadership of Director Kathy Kraninger filed its first amicus brief, weighing in on issues related to the one-year statute of limitations under the Fair Debt Collection Practices Act.
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Controversial CFPB Official Joins HUD, Dems Concerned

July 1, 2019
Yemeng Yang
HUD has offered a job to Eric Blankenstein, a former CFPB official who stirred controversy over his racism-tinged blog posting more than a decade ago. Democrats are concerned about the impact his appointment will have.
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Comment Period on HMDA Data Points Extended

July 1, 2019
Yemeng Yang
The CFPB extended the comment period by three months on its advanced notice of proposed rule-making regarding whether to revise additional HMDA data points added under its 2015 rule.
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Other News in Brief

July 1, 2019
Yemeng Yang

States Show Continued Interest in Fair Servicing

July 1, 2019
Yemeng Yang
Mortgage servicers said there was no decrease in state examinations of fair servicing and, in fact, states' new focus is on the disparate-impact theory.
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Other News in Brief

June 17, 2019
Yemeng Yang

CFPB to Soon Decide the Fate of its ‘QM Patch’

June 3, 2019
Yemeng Yang
The bureau has turned its attention toward steps needed to address the “GSE patch” along with other changes to its rulemaking activity. But it has not indicated the approach it is considering.
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