The CFPB needs to improve the effectiveness of its quality management program in order to strengthen its supervision activities, the Federal Reserve Office of Inspector General said in a recent report.

On Feb.1, 2022, more than 32 million student loan borrowers will enter repayment for the first time in nearly two years.

The CFPB under Rohit Chopra is expected to be much more aggressive regarding fair lending and fair servicing than under his predecessors.

With the Senate confirming Rohit Chopra as CFPB director, industry participants are preparing for regulatory whiplash after relaxed enforcement and rulemaking during the Trump administration.

Banking supervision plays an important role in improving access to mortgage credit for minorities and women, according to a new study.

Rather than going after credit repair companies for violating the Telemarketing Sales Rule, the CFPB filed a lawsuit against a software company and its owner for aiding credit repair companies.

Wells Fargo’s problems with the CFPB are now in the rear-view mirror, but the megabank has considerable OCC exposure. For starters, it cannot buy mortgage servicing rights.

Federal bank examiners adopted a flexible and balanced approach to conducting examinations with a goal to ensure the resiliency of banks while not slowing down the flow of credit.

A more “nuanced approach to penalty calculation” by an appeals court will have important ramifications for both litigated cases and settlements in which the CFPB seeks the maximum applicable penalty amount, according to Mayer Brown attorney Ori Lev.

The CFPB argued that under the Electronic Funds Transfer Act and the Dodd-Frank Act, it was well within its authority to require mandatory disclosures.