Cart

Inside the CFPB

February 12, 2024

View Archived Issues

Complaints About Student Loans, Credit Reporting Rise

Consumer complaints filed with the CFPB against the financial services industry increased in all most categories in the fourth quarter of 2023. (Includes two data tables.) Read More

Banks’ Lawsuit Against CRA Prompts Pushback

The banking industry has come under criticism from consumer groups for filing a lawsuit against the new Community Reinvestment Act standards. Read More

Fed Provides New Disclosures on HMDA Compliance Issues

The new disclosures on compliance findings from bank exams in 2022 include the nature of the violations, mistakes and risk mitigants. Read More

BofA Supporters Call for SCOTUS to Uphold Preemption

Amicus briefs filed with the Supreme Court support Bank of America’s fight against a New York law requiring servicers to pay interest on funds held in mortgage escrow accounts. Read More

DOJ’s Push Against Mortgage Redlining Practices Continues

First National Bank of Pennsylvania’s $13.5 million settlement with the DOJ and North Carolina didn’t include a civil monetary penalty. DOJ officials stressed that more redlining enforcement is in the works. Read More

States Update Standards for Mortgage Foreclosure Sales

The change to foreclosure rules in New York was enacted by legislation, while updates in Maine and Alabama were based on court rulings. Read More

Navient Boosts Reserves for Potential Losses From CFPB Lawsuit

Joe Fischer, executive vice president and chief financial officer at Navient, said the servicer “remains confident about the strength” of its case and is open to finding a solution that is acceptable to all stakeholders. Read More

Credit Card Companies Brace for Impact of Upcoming Late Fee Rule

An upcoming final rule from the CFPB is set to force major changes in how credit card companies charge late fees. Read More

Other News in Brief

CFPB secures $12 million settlement; OCC imposes $65 million fine against bank. 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