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.
CFPB to Hold Spring 2019 Advisory Committee Meetings; FTC Sends Annual Report to CFPB With ECOA Activities; Consumer Groups Seek CFPB Records on Eric Blankenstein; CFPB Warns of Widespread Elder Financial Abuse; CFPB Announces System for Prepaid Issuers to Submit Account Agreements.
The CFPB last month filed its first lawsuit under the leadership of Kathy Kraninger. Interestingly, the lawsuit seeks to enforce a 2017 civil investigative demand that was issued under former Director Richard Cordray.
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