Cart

Inside the CFPB

May 23, 2022

View Archived Issues

CFPB Pushes Servicers as Forbearance Plans End

The share of borrowers exiting relief in delinquent status is increasing, according to the bureau’s latest report on mortgage servicers’ response to the pandemic. Read More

Chopra Questioned on CRA and Algorithms But Not QMs

The lack of discussion on qualified mortgage suggests that revising the standards isn’t a high priority for either lenders or the CFPB. Read More

CFPB’s Office of Enforcement Staffing Up on Attorneys

The bureau will be adding up to 20 new employees, most of them attorneys, as it prepares to take aim at larger firms and recidivism. Read More

CFPB Issues Interpretive Rule to Boost States’ Enforcement

The rule affirms the terms under which state attorneys general can pursue claims under the Consumer Financial Protection Act, reflecting the bureau director’s desire to collaborate more closely with state authorities. Read More

Report Signals Shift in CFPB’s Approach to Fair Lending

Attorneys believe the bureau categorizing some enforcement cases as fair lending-related, even without violations of the Equal Credit Opportunity Act, suggests a shift in its approach on the issue. Read More

Attorneys List Best Practices for Concurrent Investigations

The advice from attorneys at the law firm Venable centered around understanding enforcement entities’ motivations and circumstances for bringing the claims. Read More

CFPB Reiterates: ECOA Protects Existing Borrowers

The bureau reminded lenders that the Equal Credit Opportunity Act prohibits lenders from discriminating against borrowers during the application process, as well as after they receive credit. Read More

GA Lenders Can Hire Former Convicts for Out-of-State Jobs

A new law will make it easier for Georgia mortgage lenders and brokers to hire former felons for work on out-of-state loans as long as the employee is located outside the state. Read More

Other News in Brief

CFPB promotes consistent enforcement; memo on false FDIC claims; Florida appeals court rules on attorney’s fee collection letters; CFPB releases sample disclosures in Spanish; Treasury weighs in on loan status of earned wage access; CFPB announces finalizes enforcement action against debt relief firm; CFPB discusses older mobile home residents. 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