Page 49 - Cfpb News Today

The 2017 House Financial Services and General Government Bill: Reduces Spending, But Does Not Go Far Enough on Policy Changes

CFPB released its annual report providing an overview of the residential mortgage trends and activity in 2021 based on data collected from lending institutions under the Home Mortgage Disclosure Act. The report noted an increase in home purchase loans across minority groups

Consumer Financial Protection Bureau issued a request for information on mortgage servicing focused on refinances and ways to streamline short and long term loss mitigation options. This signals a potential for regulatory reform with mortgage services providing feedback.

Consumer Financial Protect Bureau CFPB issued release announcing guidance to ensure Buy Now, Pay Later BNPL lenders comply with similar regulations established for credit cards following study on industry. CFPB Director Rohit Chopra noted rapidly growing use.

The Consumer Financial Protection Bureau's latest request for information floats the idea of an "auto-refi" and potentially extending pandemic-related options like forbearance for permanent industry use.

U.S. Department of Justice DOJ and the Consumer Finance Protection Bureau CFPB issued a joint letter reminding the auto finance industry to enforce certain interest rate restrictions and other consumer protection measures

Offers from companies like Klarna and PayPal can save you more money than using your credit card, but a government watchdog points out a few risks.

The Consumer Bankers Association and the Center for Responsible Lending said the Consumer Financial Protection Bureau should renew its efforts to level the regulatory playing field between larger bank and nonbank companies that make installment and other kinds of personal loans.

The U.S. Consumer Financial Protection Bureau (CFPB) plans to start regulating "buy-now, pay-later" (BNPL) companies like Klarna and ...

Refinancing your student loans right now could strip away the relief Biden is offering. But some companies are still marketing options to borrowers.