Tag Archives: CFPB

Although mortgage-related complaints was listed as the third most-complained about consumer financial products and services, the rate of mortgage complaints are currently sitting around the national average, according to the CFPB’s recent monthly report. Also, find out which financial institutions made the list of the top ten companies that received the most complaints.

With an uncertain regulatory environment, new data requirements, and promising technological opportunities all intersecting, mortgage originators face a winding road as they navigate through 2017.

The intent of a proposal from the CFPB is to provide additional flexibility for mortgage lenders in the collection of consumer ethnicity and race information. The proposed amendments should provide greater clarity to lenders regarding their obligations under the law, and according to the CFPB will promote compliance with rules intended to ensure customers are treated fairly.

After the Department of Justice announced their support of PHH Corp in the case against the CFPB, opinions differed on the effectiveness of the Bureau.

A recent poll of battleground states showed 51 percent don’t want to see an overhaul of the Consumer Financial Protection Bureau.

The $109 million disgorgement order from CFPB to PHH remains at the center of the litigation and CFPB Director Richard Cordray is at risk of being fired by President Trump.

CFPB Director Richard Cordray on Monday offered some new and innovative ideas to provide credit to more consumers at Lendit USA Conference in New York.

The Consumer Financial Protection Bureau addressed data inaccuracy problems from credit companies so consumers are less likely to experience faults in their report such as already-paid bills showing up as unpaid.

NAFCU CEO says that consumers need to be protected, but that credit unions did not participate in the illegal activities that led to the 2008 financial crisis and therefore should not be regulated by the CFPB.

According to the CFPB 26 million Americans are considered invisible to credit agencies. Today, the agency asked for public feedback on utilizing alternative data to evaluate creditworthiness.