CFPB

In documents released May 9, the Consumer Financial Protection Bureau provided additional details of the rules it is considering to simplify mortgage points and fees under the Dodd-Frank Act. The CFPB expects to propose the rules this summer and f

The Treasury Department is changing its Home Affordable Modification Program (HAMP) to provide more opportunities for mortgage assistance to military homeowners, Tim Massad, Treasury’s Assistant Secretary for Financial Stability, and Holly Petra

Consumer Financial Protection Bureau Director Richard Cordray highlighted the CFPB’s growing list of programs at a May 10 Financial Capability and Empowerment Summit at the White House.

“There are two ways to close the gap between the

The Consumer Financial Protection Bureau has provided additional details on its plans to implement the Dodd-Frank Act’s diversity requirements. At a May 1 news conference, CFPB Director Richard Cordray announced that Stuart Ishimaru is joining t

What’s the “most critical mortgage lending issue” facing the Consumer Financial Protection Bureau? There’s no doubt about what the banking industry thinks. In an April 27 letter, 23 trade associations representing a wide range of bank, hom

The Consumer Financial Protection Bureau announced April 24 that it is launching a public inquiry into how consumers and financial services companies are affected by arbitration and arbitration clauses.

This latest CFPB launch implements D

The Consumer Financial Protection Bureau cannot fixate solely on winning the last war; it must also prevent consumer crises before they unfold, Raj Date, Deputy Director of the CFPB, said during an April 20 speech to the Greenlining Institute Conf

The Consumer Financial Protection Bureau (CFPB) issued Bulletin 2012-05 on April 19 to clarify the permissibility of state reciprocity with respect to transitional licensing of mortgage originators.

The CFPB bulletin states that, consisten

The Consumer Financial Protection Bureau will “use all available legal avenues, including disparate impact, to pursue lenders whose practices discriminate against consumers,” the Bureau announced in a press release and a Compliance Bulletin, b

Banks have heard it from their traditional regulators and now they’re hearing it from the Consumer Financial Protection Bureau (CFPB). On April 13, the CFPB released a bulletin cautioning banks and nonbanks that financial institutions under bure

Between July 21 and December 31, 2011, the Consumer Financial Protection Bureau (CFPB) received 13,210 consumer complaints, including 9,307 credit card complaints and 2,326 mortgage complaints, according to the agency’s first Consumer Response A

Lenders sounded guardedly optimistic about the mortgage servicing rules Consumer Financial Protection Bureau Director Richard Cordray previewed April 10. Cordray provided a general outline of the rules, but you know what they say about the devil a

Go back to the drawing board and start over. That was the advice a half-dozen banking and credit union trade groups gave the Consumer Financial Protection Bureau (CFPB) when that agency asked how it could tweak its final rule governing cross-board

The Consumer Financial Protection Bureau (CFPB) obviously understands politics. In a fairly obvious ploy to appease its critics and tease consumers, the agency chose to roll over and play dead after a federal district court in South Dakota nixed i

The Consumer Financial Protection Bureau (CFPB) launched the next phase of its Know Before You Owe student loan project April 11 by releasing a beta version of an interactive, online tool designed to help families plan for the costs of post-second

In response to industry inquiries, the Consumer Financial Protection Bureau (CFPB) issued Bulletin 2012-02 on April 2 to state its view that Regulation Z’s loan originator compensation rules permit employers to contribute to qualified plans out

By law, the Consumer Financial Protection Bureau (CFPB) must conduct a cost-benefit analysis for each rule that it enacts. But what does this requirement really mean? Two members of Congress have written CFPB Director Richard Cordray asking him ho

The Consumer Financial Protection Bureau (CFPB) announced March 27 that it has filed an amicus brief in the United States Court of Appeals for the Tenth Circuit, arguing that certain borrowers who did not receive important disclosures mandated by

The sheer magnitude of the student debt market — with more than a trillion dollars outstanding — is “sobering.” That’s what Rohit Chopra, the CFPB’s student loan ombudsman, told a Consumer Bankers Conference in Austin, Texas, on March

The CFPB submitted its first annual report to Congress on the Fair Debt Collection Practices Act (FDCPA).

That’s been the Federal Trade Commission’s job since 1977. But now, thanks to the Dodd-Frank Act, the FCPB has become the primary