Mr. Cooper Group’s Nationstar Mortgage is under fire for allegedly collecting payoff statement fees not included in the original mortgage contracts.

While companies will inevitably have to reduce costs, industry analysts stress that it’s important that compliance policies and system remain updated and in-place.

Some banks continue to press the CFPB for a reporting exemption for small banks as the rule will create additional burdens on these banks who may get frustrated and end up selling or closing their businesses.

The bureau is partnering with the Treasury Department and the Federal Trade Commission to stop illegal practices in the solar industry.

CFPB is investigating price gouging by private equity firms; litigation may occur between the bureau and JPMorgan Chase regarding Zelle payments; CFPB and other federal regulators release a proposed rule to standardize data submitted to federal financial agencies; CFPB proposes $3.0 million in penalties for credit repair issue.

The Urban Institute does not believe either cost-saving avenue would come to fruition...

Shifting the burden of title insurance from borrowers to lenders may not provide the best overall cost savings, according to economists at the Urban Institute.

Hundreds of individuals, associations and trade groups submitted comments regarding the CFPB’s request for information on mortgage closing costs.

“We have identified a number of predatory practices, including high-pressure door-to-door sales where families are baited into expensive loans that wipe away the savings from a solar installation,” said CFPB Director Rohit Chopra.

The bureau's amicus brief argues that the plaintiffs have the right to sue Nationstar for violations of the Fair Debt Collection Practices Act.