CFPB

CFPB officially proposes delay of QM changes

03/03/21

The agency issued a proposal moving the compliance date for the Qualified Mortgage rule revamp to October 2022.

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Biden's CFPB nominee puts loan servicers, credit bureaus on notice

03/02/21

Rohit Chopra, President Biden's pick to lead the Consumer Financial Protection Bureau, told a Senate panel he would do more to protect veterans from foreclosure, empower consumers to dispute data on their credit records and crack down on student-loan servicers who aren't helping troubled borrowers.

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Looming risk for borrowers, renters when relief ends, CFPB says

03/01/21

In an analysis of the pandemic's impact on the housing market, the agency said nearly 10% of households could be at risk of eviction or foreclosure despite government programs to enable homeowners to delay their payments.

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CFPB director is supposed to be an apolitical job

03/01/21

For too long, the Consumer Financial Protection Bureau's rulemaking process has been informed by its director's political affiliation. The next leader must keep the agency focused on its mission: protecting consumers.

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CFPB pick’s past statements set stage for testy confirmation hearing

02/26/21

Rohit Chopra, President Biden’s nominee to lead the Consumer Financial Protection Bureau, has not minced words in calling out private companies for wrongdoing. He could get a grilling from Banking Committee Republicans and some opposition on the Senate floor.

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States failed to fulfill consumer protection promise in Trump era

02/24/21

As the Consumer Financial Protection Bureau slowed its pursuit of bad actors, state attorneys general vowed to pick up the slack. Here’s why they fell short — and why they are poised to get aggressive again.

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CFPB will delay QM rule's compliance date

02/23/21

Acting Director Dave Uejio said Tuesday that the Consumer Financial Protection Bureau will push back implementation of the qualified mortgage rule and may amend or revoke other Trump-era rules that have yet to take effect.

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Senate panel to question CFPB, SEC nominees next month

02/22/21

The Banking Committee will hold a confirmation hearing on March 2 for Rohit Chopra and Gary Gensler. They are the administration's picks, respectively, to lead the Consumer Financial Protection Bureau and the Securities and Exchange Commission.

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Virginia company tricked immigrants into paying illegal fees, CFPB says

02/22/21

Libre by Nexus deceived detainees into believing they owed a monthly charge related to their proceedings before U.S. Immigration and Customs Enforcement, according to a lawsuit filed by the consumer bureau and three states.

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CFPB goes on hiring spree as it looks to ramp up enforcement

02/21/21

The agency is recruiting more attorneys and shuffling personnel under new Democratic leadership as it prepares to toughen oversight of the financial services industry.

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