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Inside the CFPB

March 15, 2021

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Ocwen Wins a Summary Judgment in CFPB Lawsuit

A Florida court granted Ocwen Financial a summary judgment concluding that the legal claims filed against the lender/servicer by the CFPB were barred by a 2014 consent decree. Read More

Senate Committee Split 12-12 on Chopra’s CFPB Nomination

Although Rohit Chopra is widely expected to be confirmed as CFPB chief, Republican opposition to his nomination is showing surprising strength. Read More

CFPB Rescinds Year-Old Policy on Abusive Acts

The Trump-era policy statement explained for the first time how the CFPB would approach “abusiveness” claims in supervision and enforcement. Read More

Court Rules Navient Violated Consumer Protection Law

A Washington state court found that student loan servicer Navient deceived borrowers, parents and others who put their credit on the line about how its co-signer release program works. Read More

CFPB’s Proposed QM Rulemaking Lacks Details

The proposed rulemaking only addresses the question of whether it would be appropriate in light of the effects of the pandemic to allow creditors to continue making QMs under the debt-to-income ratio rule. Read More

CFPB Issues Interpretive Rule on Bias Against Sexual Orientation

The bureau has clarified that prohibitions against discrimination found in the Equal Credit Opportunity Act and Regulation B include bias against sexual orientation and gender identity. Read More

CFPB Calls for Aggressive Action to Avert Foreclosures

Acting Director Dave Uejio has directed CFPB policy officials to use all available tools to keep people in their homes and prevent unnecessary foreclosures. Read More

NY Regulators Fine Residential Mortgage Over Data Breach

The New York-based independent mortgage lender has agreed to pay $1.5 million in penalties to settle charges that it failed to timely report a cybersecurity breach. Read More

Other News in Brief

The CFPB sues payment processor; new reverse mortgage guide released; annual CFPB employee survey results. Read More

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