There has been a huge decline in enforcement actions and civil money penalties imposed by the CFPB in the first six months of 2019. What does this say about the bureau’s enforcement trend?
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.
The Structured Finance Industry Group wants the CFPB to reconsider its decision to take action against securitization trusts for the wrongdoing of independent student loan servicers.
Not satisfied with Wells Fargo’s progress in complying with a regulatory consent order, the CFPB is considering all options to get the bank to fall into line.
The Office of the Comptroller of the Currency last week fined Citibank $25 million for violating the Fair Housing Act by failing to offer preferential rates to some borrowers based on their race, color, national origin or sex.
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