‘Warren Phenomenon’ Causing Reg Relief Delay: House Republican
Rep. Patrick McHenry said Democrats' resistance to passing certain regulatory relief measures is due to a leftward shift. News
GOP Appropriators Plot Raid on GSE Housing Trust Funds
A House subcommittee approved a bill Wednesday that would redirect money from an affordable housing fund that receives money from Fannie Mae and Freddie Mac into another program run by HUD. News
CFPB Sues Individuals in Large Mortgage Kickback Scheme
A mortgage title company and a handful of individuals are being sued by the Consumer Financial Protection Bureau and Maryland Attorney General related to an alleged mortgage kickback scheme with banks such as Wells Fargo and JPMorgan Chase. News
Backlog Forces CFPB to Slow Down New Investigations
The Consumer Financial Protection Bureau's enforcement attorneys have pulled back on new investigations in order to clear out a slew of pending cases, according to multiple current and former officials at the agency. News
New York State Proposes New Rules on Title Insurance Companies
New York Gov. Andrew Cuomo and New York Superintendent of Financial Services Benjamin Lawsky today proposed new regulations for the title insurance industry, including restrictions on meal and entertainment expenses. News
Loretta Lynch to Keep Pressure on Banks Facing Mortgage Probes
Judging by the help-wanted notice that Loretta Lynch posted last year, the freshly confirmed U.S. Attorney General intends to pick up where her predecessor left off and make lenders pay for their role in the subprime crisis. News
Here’s what we’re hearing from Servicemembers and their families
Today, we’re releasing our third Snapshot of Complaints Received from Servicemembers, Veterans and their Families. The report details the data and trends from consumer complaints we’ve received from members of the military community since July 2011. Here are just a few highlights: Debt collection complaints have continued to rise since our last report, and now [...]
We’re making progress toward ensuring fair access to credit
We’re releasing our third annual Fair Lending Report, which details the important strides we have taken over the last year to protect consumers from credit discrimination and increase access to credit. Our Office of Fair Lending and Equal Opportunity continues to identify and tackle discrimination in different financial markets, such as mortgages, auto loans and [...]
CFPB Clarifies Counseling on High-Cost Mortgages
The Consumer Financial Protection Bureau issued a final interpretive rule Wednesday that clarifies its housing counseling requirements with respect to high-cost loans. News
We’re suing a robo-call debt collector
Today, we’re announcing that we filed a lawsuit against a robo-call debt collection operation, including its ringleaders, their companies, and service providers. The debt collectors allegedly sent millions of robo-calls to threaten, harass, and deceive consumers to collect debt that consumers do not owe, or were not owed to the debt collectors themselves. The complaint [...]
