CFPB Supervisory Highlights, Mortgage Servicing Edition, Shed Light on Agency Priorities – “Junk Fees” and Loss Mitigation

The Supervisory Highlight’s Introduction notes that the CFPB has been actively monitoring the mortgage “market for emerging risks during a period of increasing default servicing activity since the end ... Read More

In its war on ‘junk fees,’ CFPB targets mortgage servicing

The CFPB's new Supervisory Highlights report details how a war on 'junk fees' is targeting mortgage servicers. Read More

CFPB takes action to stop illegal junk fees in mortgage servicing

“Homeowners cannot just simply switch providers if their mortgage servicer charges them illegal junk fees," said CFPB Director Rohit Chopra. "Since mortgage borrowers are captive to a company they ... Read More

CFPB offers specifics on servicing fees subject to crackdown

The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels. Read More

CHLA president addresses various consumer protection measures

CFPB also has a threshold under which it doesn’t have jurisdiction over servicing.” Consumers can lose protections as a result of this, he explained. “So, all loans ... during the session included ... Read More

CFPB takes a closer look at consumer mortgage complaints

The Consumer Financial Protection Bureau (CFPB ... dealt with “trouble during the payment process,” while more than 6,000 had to with consumers struggling to make mortgage payments. Read More

Consumers Are Struggling and Government Regulators Are Not Helping

However, one government agency designed in the aftermath of the Great Financial Crisis to supposedly help consumers – the Consumer Financial Protection Bureau (CFPB) – is having the opposite ... Read More

Bread Financial 'feverishly' preps for CFPB late-fee rule scenarios

Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm ... Read More

CFPB Publishes Consumer Response Annual Report

The CFPB published its Consumer ... made during the COVID-19 payment pause, and delays in processing applications for certain income-driven and loan forgiveness repayment plans. Consumers also ... Read More

CFPB Issues Guidance on Deceptive Practices by Remittance Transfer Providers

You are responsible for reading, understanding and agreeing to the National Law Review's (NLR’s) and the National Law Forum LLC's Terms of Use and Privacy Policy ... Read More

Coronavirus: Latest news and updates on the Covid-19 pandemic

President Joe Biden took the gloves off Wednesday by saying former President Donald Trump deserved to be punched and injected bleach into his hair - while engaging in his own battle with the ... Read More