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Inside the CFPB

May 6, 2024

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Credit-Reporting Complaints Jump in First Quarter

Consumer complaints submitted to the CFPB rose sharply in the first quarter of 2024, driven by issues with credit reports. (Includes two data tables.) Read More

Mortgage Industry Disputes CFPB Report on ‘Junk Fees’

The CFPB’s latest push on mortgage servicing fees could be the start of more to come, according to industry attorneys. Read More

Iowa Adopts CSBS Standards for Mortgage Servicers

New standards for nonbank mortgage servicers will go into effect in Iowa on July 1. While only a handful of states have adopted the CSBS model standards, substantially all large nonbank servicers are covered. Read More

Study Shows Foreclosure Delays Foster Sustained Economic Recovery

Temporary foreclosure delays instituted by the CFPB during the pandemic helped both borrowers and the economy, according to a new paper presented at a CFPB conference last week. Read More

CFPB Touts Credit Card Offerings by Small Banks

The bureau is providing guidance on ways small banks can increase their presence in the credit card industry. Read More

Navient Moves Additional Funds to Reserves for CFPB Lawsuit

The student loan servicer is expecting to take losses from a 2017 CFPB lawsuit. Read More

DOJ Charges Two New Jersey LOs With Mortgage Fraud

The loan officers are accused of defrauding banks and the nonbank lender they worked for by falsifying borrowers’ occupancy status on mortgage applications. Read More

Other News in Brief

Texas district court ordered to make quick ruling in CFPB credit card late fee lawsuit; the American Bankers Association pushes back on CFPB report targeting fees associated with health savings accounts; former Nutter Home Loans executive launches regulatory management firm. Read More

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