Cart

Inside the CFPB

January 28, 2019

View Archived Issues

Waters to Target Mulvaney, Probe Credit Reporting

The House Financial Services Committee will target White House acting Chief of Staff Mick Mulvaney over his previous role as the interim head of the CFPB, said Maxine Waters, chairwoman of the HFSC, one of the most powerful House committees. Read More

CFPB Likely to Scrap ATR Portion of the Payday Rule

The critical ability-to-repay provision related to the 2017 payday lending rule is likely to be scrapped by the CFPB, industry attorneys observed. Read More

Mortgage Complaints Fell by Double Digits in 2018

Mortgage-related consumer complaints filed with the CFPB dropped 21.5 percent last year to a mere 23,991 — the lowest number since the agency opened its door, according to a new analysis by Inside the CFPB. [Includes two data charts.] Read More

Servicemembers Complaints Center on Servicing Issues

Most mortgage-related complaints from servicemembers are related to servicing payments, according to an annual report by the CFPB’s Office of Servicemember Affairs. Read More

Kraninger Wants Clear Authority on Military Loans

The CFPB is seeking a legislative fix to give it clear authority to supervise institutions to ensure compliance with the Military Lending Act. Read More

Five New Faces Join CFPB’s Top Team; D’Angelo Quits

Chris D’Angelo, associate director of the supervision and enforcement division at the CFPB, is departing. In February, he will join the New York attorney general’s office as chief deputy attorney general for economic justice. Read More

Kraninger Promises to Assess TRID Rule

CFPB Director Kathy Kraninger assured Republican senators that the CFPB will examine industry concerns regarding the integrated mortgage disclosure rule. Read More

Bill Introduced to Install an Independent IG at the CFPB

Republican lawmakers want the CFPB to be led by an independent inspector general appointed by the president. Read More

Jewelry Retailer Fined for Unauthorized Accounts

Sterling Jewelers will pay $11 million in penalties to settle claims that it opened credit accounts without consumer consent. Read More

CFPB Cracks Down on Pension Advance Schemes

The CFPB last week fined a broker $1 for bilking veterans out of their pensions. It is the third enforcement action this month by the consumer watchdog, now led by Director Kathy Kraninger. Read More

Other News in Brief

Chicago, IL-based payday lender fined; Sen. Warren presses Wells on student account fee; Kraninger’s listening tour update. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results