The National Law Review2h
CFPB Examinations Highlight Fair Lending Risks in Credit Scoring Models
Amid recent technological advances in artificial intelligence and machine learning, on January 17, 2025, the CFPB issued ...
The National Law Review1d
CFPB Plans Personal Lender Oversight, Funds Access Rules
The Consumer Financial Protection Bureau (CFPB) said it plans to pursue rulemaking aimed at increasing the availability of ...
Student Loan Borrowers May Get $2.25 Million In Compensation For Alleged Improper Collections
Some borrowers with private student loans could receive monetary compensation and other relief under a proposed CFPB judgment ...
HousingWire20h
CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages
The bureau recently published a report about home equity investments, and it filed an amicus brief with a court to state its ...
JD Supra3d
The CFPB Issues Revised Sandbox and No-Action Letter Policies
Earlier this month, the Consumer Financial Protection Bureau (CFPB or Bureau) issued new policy statements regarding its ...
Equifax Ordered to Pay $15 Million: Here's What Consumers Should Know
Equifax was heavily fined by the Consumer Financial Protection Bureau for not adequately investigating consumer credit report ...
JD Supra5d
CFPB should encourage states to educate consumers, not enact more UDAAP statutes
Earlier this month, the CFPB issued a report titled Strengthening State-Level Consumer Protection. The report argues, among other things, that states ...
Winston-Salem Journal3h
Wells Fargo gains termination of seventh federal regulatory consent order
Wells Fargo & Co. said Tuesday the Consumer Financial Protection Bureau has terminated its 2022 consent order related to ...
American Banker5d
Auto repos by third parties spiked after pandemic: CFPB
The Consumer Financial Protection Bureau found that auto lenders' use of reposession agents spiked to nearly 70% in 2022, up ...
bankingdive1d
Ousting the CFPB’s Chopra wasn’t a ‘day one’ priority
The Trump administration has issued dozens of executive orders, but change to banking regulations and agency leaders isn’t ...
'It's not my debt': Major debt collector filed thousands of lawsuits in Arizona, report says, even as it was being punished for consumer violations
One of the nation’s largest debt collectors launched tens of thousands of lawsuits in Arizona since 2022, according to 12 ...
Gunvor's head of crude oil trading Roulon leaves firm, sources say
Commodity trading house Gunvor's global head of crude trading Benoit Roulon has left the company, four sources familiar with ...