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Home » Topics » Inside the CFPB » Enforcement

Enforcement
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CA Lender Targeted by CFPB Stops Originating Loans

September 13, 2021
Paul Muolo
Sanctioned once before by the CFPB, it could be the end of the line for an Oakland-based payday lender that caters to employees of the military.
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Mortgage Servicer Fined for Failing to Timely Release Lien

August 30, 2021
Lisa Burden
A mortgage servicer who missed a state law deadline for sending timely lien releases is on the hook for the statutory maximum fine of $5,000.
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Other News in Brief

August 30, 2021
Lisa Burden
Bryan Schneider lands at Manatt; New York amends foreclosure requirements; Connecticut extends pandemic-related requirements to federally backed loans; another settlement for Wells Fargo; Mr. Cooper seeking dismissal of lawsuits.
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Court Orders Payday Lender to Comply with CFPB’s $50M Fine

August 16, 2021
Lisa Burden
A Kansas district court asks Integrity Advance and its CEO James Carnes to pay more than $50 million in restitution and fees while the case is still on appeal in the 10th Circuit.
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House Republicans Seek Answers from Uejio, Slam Chopra

July 19, 2021
Lisa Burden
Capitol Hill Republicans want CFPB Acting Director Dave Uejio to testify before Congress about the policy actions undertaken during his six-month tenure.
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The ‘Should Lenders Self-Report Violations’ Debate Continues

July 19, 2021
Lisa Burden
Nanci Weissgold, a compliance attorney, said there’s no “one-size-fits-all” answer to whether a company should self-report violations.
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Other News in Brief

July 19, 2021
Lisa Burden
Patrice Ficklin appointed to interagency mortgage appraisal task force; Maine updates mortgage servicer definition; states take action on RON; GreenSky to refund $9 million in unauthorized loans.
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CFPB Files First Enforcement Action Under Biden, Sues Libre

March 1, 2021
Lisa Burden
In keeping with its stated priority of addressing discrimination, the CFPB recently sued bail bond company Libre for allegedly preying on immigrants held in federal detention centers.
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LendUp Loans Agrees to $1.25 Million Settlement

February 1, 2021
Lisa Burden
The CFPB had charged the Oakland, CA-based online lender with various violations under the Military Lending Act.
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Compliance Could Get Tougher for Mortgage Firms in 2021

January 4, 2021
Yemeng Yang
One of the biggest issues mortgage lenders will face is implementing changes to the general qualified-mortgage rule, which has a mandatory compliance date of July 2021.
Read More
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