CFPB

Democrats reiterate concerns about head of CFPB innovation office

08/15/19

Sen. Elizabeth Warren, D-Mass., and three House members are seeking more details about Paul Watkins' past work with an organization the Southern Poverty Law Center says is an anti-LGBTQ hate group.

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Lender risk from CFPB underwriting rule tested in Ohio case

08/15/19

The industry has long worried that the ability-to-repay rule gives borrowers an avenue to fight foreclosure, but one plaintiff’s experience may discourage others from trying.

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New villain in battle over CFPB mortgage rule: Appendix Q

08/12/19

With the agency mulling changes to the “Qualified Mortgage” regulation, mortgage lenders say little-known standards for how they document a borrower’s income would be a good place to start.

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Consumer groups to CFPB: Implement payday rule

08/12/19

Four advocacy groups questioned why the consumer bureau did not ask a judge to lift a stay of the rule's payment provisions.

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Done right, regulatory sandboxes can promote competition

08/08/19

Regulatory sandboxes can create a lot of opportunity for the winners but inadvertently put losers at a competitive disadvantage.

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Nonbank lender’s results bolster case for alternative data, CFPB says

08/06/19

The Upstart Network, the first and only startup to participate in the bureau’s program for promising digital platforms, claims that using nontraditional credit data items has helped loan volume and affordability.

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Lenders dread prospect of Fannie, Freddie losing CFPB exemption

08/02/19

Many in the industry say releasing GSE-backed loans from stringent underwriting rules has helped the housing market recover, but a new level of regulatory burden could reverse those gains.

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CFPB extends comment period on debt collection plan

08/02/19

The CFPB is giving the public an additional 30 days so consumer groups have more time to respond.

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Former CFPB official 'may have abused his authority': Inspector general

07/29/19

Eric Blankenstein, now at HUD, is under fire for asking a subordinate to defend him after it was revealed he wrote racially charged blogs 14 years earlier.

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Women pay 18% more in banking fees than men, research finds

07/29/19

Overdraft fees make up the lion's share of the $214 women pay in banking fees each year, according to a survey by the investing app Stash.

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