Tag Archives: CFPB

With housing affordability remaining an issue nationwide, the CFPB's Making Ends Meet report—an annual survey of consumer financial health—shows many downtrends in consumers’ ability to repay their debts.

“This far-reaching agreement is an important milestone in our work to transform the operating practices at Wells Fargo and to put these issues behind us,” said Charlie Scharf, Wells Fargo’s CEO.

Many housing companies and landlords across the country can and do require a background check as part of the application process, along with the traditional credit check, but the unverified or inaccurate information contained in them usually hurts renters first.

“Dominant firms shouldn’t be able to hoard our personal data and appropriate the value to themselves,” said Consumer Financial Protection Bureau Director Rohit Chopra.

A three-judge panel of the 5th U.S. Circuit Court of Appeals has ruled that the design of the CFPB violated the Constitution, as it has received funding through the Federal Reserve, rather than appropriations legislation passed by Congress.

Special appraisal dollar-amount limits, along with thresholds for Regulation Z and Regulation M, were adjusted by the CPFB to better reflect the current economic environment.

The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to ...

Rohit Chopra, Director of the CFPB, said, “Companies are not absolved of their legal responsibilities when they let a black-box model make lending decisions.”

The Consumer Finance Protection Bureau is closing one office but opening another to promote competition and innovation in consumer finance.

According to the latest Pending Home Sales Index (PHSI) from the National Association of Realtors (NAR), pending home sales slipped 4.1% month-over-month in March, marking the fifth consecutive ...