CFPB clarifies credit reporting procedures in light of coronavirus


The agency said lenders should avoid reporting delinquent payments to credit bureaus for consumers who have sought payment relief due to the pandemic.


CFPB postpones quarterly HMDA reporting


The reprieve from mortgage data collection was among several changes to the agency’s supervisory and enforcement procedures to help firms responding to the COVID-19 pandemic.


CFPB urged to protect elderly from pandemic scammers


The COVID-19 pandemic has already given rise to false marketing of test kits and criminals impersonating the FDIC. Consumer advocates say the bureau could issue alerts as well as empower banks to help safeguard their customers’ funds.


Democratic senators quiz CFPB on its auto lending policies


Sens. Sherrod Brown and Elizabeth Warren criticized Director Kathy Kraninger for not issuing any public enforcement actions against auto lenders during her tenure.


Takeaways from ex-Wells Fargo board members’ visit to Congress


The bank’s former chair expressed regret over comments attributed to her in a House report, while Democrats and Republicans butted heads over whether the hearing was necessary.


Kraninger wants more money for CFPB. White House has a different plan.


The Trump administration proposes cutting personnel and other budgetary items at the bureau, while the agency’s director — who controls the purse strings and was hand-picked by the administration — aims to boost spending and hire more employees.


House Dems to CFPB chief: Use the authority Congress gave you


Members of the House Financial Services Committee chastised Kathy Kraninger for not supervising student loan servicers and failing to examine firms for compliance with the Military Lending Act.


CFPB, Education Dept. sign MOU on student loan complaints


The two agencies said they will exchange student loan complaint data after their information-sharing efforts had been in limbo for over two years.


CFPB's hiring of former DOJ official could raise ire of Capitol Hill


The agency has named Thomas G. Ward as the bureau’s assistant director for enforcement. House Democrats have questioned Ward's role as a political appointee in the Trump administration.


OCC said preparing charges against former Wells Fargo managers


Wells Fargo's main regulator is preparing civil charges against former managers related to their roles in its retail banking scandals, people familiar with the matter said.