Since most financial institutions have overcome workplace and customer service challenges initially created by COVID-19, the Consumer Financial Protection Bureau announced it would begin exercising its full supervisory … more CFPB Rescinds COVID Supervisory Policy Statements
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CFPB: Reverse Mortgage Complaints Less Than One Percent
Out of 29,400 mortgage-related complaints submitted to the Consumer Financial Protection Bureau last year, only 200 (or less than one percent) focused on reverse mortgages, according to the … more CFPB: Reverse Mortgage Complaints Less Than One Percent
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CFPB Issues Final Rule on HMDA Thresholds
The Consumer Financial Protection Bureau issued a final rule today raising the loan-volume coverage thresholds for financial institutions that must report data under the Home Mortgage Reporting Act (HMDA). … more CFPB Issues Final Rule on HMDA Thresholds
CFPB Releases Policy Statement on Abusive Acts and Practices
The Consumer Financial Protection Bureau issued a policy statement regarding how it intends to apply the “abusiveness” standard in supervision and enforcement matters. To read the policy statement … more CFPB Releases Policy Statement on Abusive Acts and Practices
CFPB Names Members Of Taskforce on Federal Consumer Financial Law
The Consumer Financial Protection Bureau announced four members who will serve on the Taskforce on Federal Consumer Financial Law. Taskforce members will examine the existing legal and regulatory … more CFPB Names Members Of Taskforce on Federal Consumer Financial Law
CFPB Issues Final HMDA Rule
Today, the Consumer Financial Protection Bureau issued a rule that extends for two years the current temporary threshold for collecting and reporting data about open-end lines of credit … more CFPB Issues Final HMDA Rule
CFPB to Enhance Consumer Complaint Database
The Consumer Financial Protection Bureau announced that it will continue publishing consumer complaints, data fields and narrative descriptions through the Bureau’s Consumer Complaint Database while making several enhancements. … more CFPB to Enhance Consumer Complaint Database
NRMLA Comments On Proposed Changes to Debt Collection Law
Because there are fundamental differences between reverse mortgages and most other debt obligations, NRMLA would like to see them (and non-recourse debt obligations, generally) exempted from the Fair … more NRMLA Comments On Proposed Changes to Debt Collection Law
Senior Leadership Changes at CFPB and Ginnie Mae
Brian Johnson, acting deputy director of the Consumer Financial Protection Bureau since July 2018, was officially named to the position this week. Johnson joined the Bureau in December … more Senior Leadership Changes at CFPB and Ginnie Mae