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Page 26 - Cfpb News Today
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May 5, 2023
CFPB, DOJ, FTC, EEOC,joint statement reiterates the agencies’ commitment to enforce their respective laws and regulations to prevent discriminatory outcomes and to ensure that the use of advanced technologies, including Artificial Intelligence, s consistent with federal laws
May 3, 2023
CFPB released a special edition of its Supervisory Highlights reporting on unlawful junk fees including bank account deposits, auto loan servicing, mortgage loan servicing, and student loan servicing. Biden Administration is applying a full government approach to regulating junk fees.
May 3, 2023
In a press release announcing the filing of the statement of interest, the CFPB explained that discriminatory targeting is the act of directing predatory or otherwise harmful products or practices at certain groups, neighborhoods, or parts of a community.
May 2, 2023
Proposed rule would require "sensible safeguards" on these clean energy loans
May 2, 2023
CFPB, FTC, EEOC, and Civil Rights Division of the DOJ issued a joint statement outlining the agencies’ collective commitment to monitor the development and use of automated systems and artificial intelligence due to concern of potential harmful use of automated systems
May 2, 2023
Lenders would be required to assess a borrower's ability to repay such a loan.
April 28, 2023
On April 4, CFPB Director Rohit Chopra delivered remarks at the International Association of Privacy Professionals' Global Policy Summit on the importance of reigning...
April 28, 2023
The CFPB calls out predatory tactics relating back to the 2008 financial crisis that trapped borrowers in home loans they could not afford, focusing on piggyback or 80/20 mortgages.
April 28, 2023
A little-known United States government agency called the Consumer Financial Protection Bureau (CFPB) is suing a nonbank mortgage firm for free speech statements its owner said publicly on a [...]
April 28, 2023
The Consumer Financial Protection Bureau released guidance as a policy statement to define the standard used when identifying unfair, deceptive or abusive acts or practices. CFPB defined UDAAP as an act that materially interferes with a consumer’s understanding of a term.