Page 56 - Cfpb News Today

Consumer Financial Protection Bureau issued an interpretive rule Section 1042 Interpretive Rule 5 19 2022 confirming that the Consumer Financial Protection Act of 2010 CFPA provides states with wide-ranging powers—independent of the Bureau—to enforce federal consumer protection laws.

Consumer Financial Protection Bureau key data points and provides insight into the performance of mortgage servicers serving borrowers in need of COVID-19 mortgage repayment assistance: Servicing Portfolios,Call Metrics,COVID-19 Hardship Forbearance Enrollments and more

Consumer Financial Protection Bureau report:homeowners facing significant risks and challenges working with mortgage servicers;orrowers struggling with mortgage payments after their COVID-19 hardship forbearances and other protections under the CARES Act have expired.

FDIC and the CFPB took parallel actions to combat the misuse of the name or logo of the FDIC and deceptive representations about deposit insurance.Crypto Firms should take steps to address situations of unsubstantiated claims about the availability of deposit insurance.

Consumer Financial Protection Bureau key data points and provides insight into the performance of mortgage servicers serving borrowers in need of COVID-19 mortgage repayment assistance: Servicing Portfolios,Call Metrics,COVID-19 Hardship Forbearance Enrollments and more

The outspoken regulatory chief of the Consumer Financial Protection Bureau also said proposed Community Reinvestment Act reform isn’t likely to draw banks back to Federal Housing Administration lending.

Consumer Financial Protection Bureaureleased an advisory opinion affirming that Equal Credit Opportunity Act and its implementing rule, Regulation B, protect not only those persons actively seeking credit, but also those who have sought and received credit.

In order to align financial policy with the interests of consumers, the agency should consider why these services have caught on — and remember to keep a lane open for innovation, writes the CEO of Chamber of Progress.

The CFPB posted blog showing commitment to fair, transparent, competitive auto lending market, calling out add-on products that dealers, finance companies often charge consumers for as lump sum at auto loan start, often included in lump sum cost in total financing agreement.

The CFPB released Spring 2022 Supervisory Highlights helping institutions, general public better understand how we examine institutions for Federal consumer financial law compliance like auto servicing companies, consumer reporting companies, financial institutions.