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Inside the CFPB

October 21, 2024

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Mortgage-Related Complaints Tick Up in Third Quarter

Consumer complaints submitted to the CFPB related to mortgages slightly increased in the third quarter of 2024, with servicing issues in the forefront. Read More

Chopra Dismisses Suggestion of Political Motivation in its Investigations

CFPB Director Rohit Chopra said he isn’t too worried about how recent Supreme Court decisions would impact the bureau. Read More

Fairway Settles CFPB, DOJ Lawsuit Over Redlining

More fair lending enforcement actions and investigations could come up over the next few months ahead of potential changes in the political landscape, according to Richard Horn, co-partner at the law firm of Garris Horn. Read More

MISMO Releases Mortgage Compliance Dataset

The new dataset will help both regulators and mortgage companies, according to MISMO. Read More

Regulators Debate Risks of Embedded Finance Products

By the end of the decade, the embedded finance industry could be bringing in close to $400 billion in revenue each year, according to Seth Frotman, general counsel at the CFPB. Read More

CFPB Bans Company From Arbitrating Consumer Financial Disputes

Ejudicate has been permanently banned by the bureau for holding arbitration proceedings for a company it received a kickback from. Read More

Registration Opens for CFPB’s Nonbank Compliance Tracking System

All new covered orders must be submitted within 90 days of the order’s effective date, according to the bureau’s final rule on the registry. Read More

CFPB Homes In on Illegal Auto Finance Practices

The findings published in the CFPB’s latest supervisory highlights report are largely in line with previous bureau actions. Read More

Other News in Brief

FTA sues CFPB over BNPL interpretive rule; DOJ reaches first redlining settlement with a credit union; CFPB files lawsuit against student loan provider; regulators update nonbank ransomware self-assessment tool. Read More

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