Recently, the Independent Community Bankers of America (ICBA) and a 45-member coalition of state and regional banking associations submitted a letter to the Consumer Financial Protection Bureau (Bureau) urging the agency to expand the small creditor exemptions under certain Title XIV mortgage rules that went into effect in January 2014.
The CFPB has issued a report on consumer complaints received from July 21, 2011 through June 30, 2014.
CFPB Hearing in El Paso On Proposal to Disclose Consumer Complaint Narratives Sheds Light On CFPB Position, Reveals Concerns of Financial Institutions
The CFPB held a field hearing yesterday in El Paso, Texas, at which it described its proposal to expand the complaint data it publicly discloses in its Consumer Complaint Database to include consumer complaint narratives.
On July 9, 2014, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) issued Policy Guidance on the issue of Mortgage Brokers Transitioning to Mini-Correspondent Lenders (“Policy Guidance”), which highlights risks and considerations that should be taken into account by brokers who may be considering or venturing into the mini-correspondent channel.
The Consumer Financial Protection Bureau has announced a new proposal that will allow consumers the option to share a narrative of “what happened” in the CFPB’s public-facing Consumer Complaint Database.
The Consumer Financial Protection Bureau (CFPB) turns 3 on Monday, July 21, 2014.
In November, 2013, the Consumer Financial Protection Bureau announced its first enforcement action against a payday lender.
The CFPB is proposing to expand the complaint data that it publicly discloses in its Consumer Complaint Database to include consumer complaint narratives.