Tag Archives: CFPB

During her testimony before the Senate Committee on Banking, Housing, and Urban Affairs, Director Kathleen Kraninger discussed recent enforcement actions, but faced pushback from some critics.

The settlement applies both civil penalties and "injunctive relief to prevent future violations.” Click through to read all the details.

Google has added a new feature to its mobile search functions designed to help aspiring homebuyers and current homeowners secure more in-depth information on the mortgage process.

The Bureau also announced numerous executive changes in response to the Supreme Court’s decision in Seila Law.

The High Court said the Bureau can continue to operate under new rules, but it’s director “must be removable by the President.”

The CFPB reported on how borrowers feel about COVID-19-related forbearance plans. Click through to read more.

The Bureau issued two Notices of Proposed Rulemaking, proposing an amendment to the General QM definition to replace the DTI limit with a price-based approach, and an extension of the Patch until the first amendment takes effect.

The Department of Housing and Urban Development, the Consumer Financial Protection Bureau, and the Federal Housing Finance Agency launched a new website for mortgage and housing assistance. Click through for more information.

What does Richard Cordray say are some of the issues facing mortgage servicers during COVID-19?

According to the Bureau, the final rule will reduce regulatory burden on smaller institutions to help those institutions to focus on responding to consumers in need now and in the longer term.