Tag Archives: CFPB

On Monday, the Consumer Financial Protection Bureau, Board of Governors of the Federal Reserve System, and Office of the Comptroller Currency announced that they were raising the threshold of loans exempt from special appraisal requirements for higher-priced mortgage loans (HPML).

Richard Cordray, the Obama-appointed director of the Consumer Financial Protection Bureau (CFPB), announced his resignation—stating that he will step down before the end of the month. Cordray officially ...

On Tuesday evening, the debate around the Consumer Financial Protection Bureau’s final arbitration rule came to a head when the Senate voted to repeal it. See the reactions here to the razor-thin vote here . . .

According to the CFPB, authorized data-sharing allows companies to provide consumers with more efficient methods of healthy financial management. However, the Bureau also requires transparency and accountability when using sensitive financial data.

On Wednesday, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule and a proposed rule in an effort to amending mortgage-servicing communication policies issued in 2016. ...

A group of lobbying groups along with the U.S. Chamber of Commerce has filed suit against the CFPB in response to their recent ruling on arbitration.

The Consumer Financial Protection Bureau released its report on the financial well-being of consumers in America. See how being a homeowner affected the results.

The recent Equifax breach of information for over 100 million consumers has sparked widespread dialogue on regulation and reform in that could have ramifications on the mortgage industry.

Because Equifax is not entirely a financial institution, the Consumer Financial Protection Bureau may run into trouble issuing penalties for Equifax's recent data breach of 143 million of its consumers’ information.

More controversy surrounding the Consumer Financial Protection Bureau has recently emerged regarding the way they are collecting data on credit offerings to small businesses. The Bureau is looking into how lenders identify and classify small businesses when deciding whether or not to provide a loan, as mandated by the Dodd-Frank Act.