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CFPB noted increase in borrowers needing loss mitigation assistance and cited mortgage servicers for violations relating to loss mitigation: charging fees in violation of the CARES Act and failure to evaluate complete loss mitigation applications in violation of Regulation X
The COVID-19 pandemic has been a focal point for the Consumer Financial Protection Bureau (CFPB) – especially with regard to mortgage servicers and loss mitigation programs. In its Fall...
The CFPB indicated its intention to focus on small-dollar lending activity and expressed a concern for any lender’s business model that is dependent on consumers’ inability to repay their loans. CFPB’s Supervisory Highlights found violations in small-dollar lending.
Consumer Financial Protection Bureau CFPB released its Fall Supervisory Highlights. The report covers examinations completed between January and June of 2021.
Yesterday, the Consumer Financial Protection Bureau (CFPB) released its Fall Supervisory Highlights. The report covers examinations completed between January and June of 2021. Over the...