American Borrowers Are on Shakier Ground
July 21, 2024 9:00 pmYears of higher inflation and interest rates have left consumers mired in debt, even as overall economy hums Interest paid... View Article
Categories for Headline News
7th Cir. Upholds Rejection of Borrower’s FCRA and FDCPA Claims Arising from Collection and Reporting Post-Bankruptcy
July 15, 2024 8:36 pmThe U.S. Court of Appeals for the Seventh Circuit recently upheld a trial court’s rejection of a borrower’s allegations that... View Article
Former CFPB Economist’s Groundbreaking Research Shows Lack of Analysis in Bureau’s Proposed Medical Debt Credit Reporting Rule
July 14, 2024 10:51 pmReport covers the impact of the proposed rule on providers, patients, consumers and the collection industry, among other critical findings.... View Article
DFPI Revokes Finance Lending License of Synapse Credit
July 10, 2024 11:59 pmSACRAMENTO — The California Department of Financial Protection and Innovation (DFPI) announced it has issued an order revoking the California Financing Law... View Article
CFPB Proposes Rules To Help Homeowners Avoid Foreclosure
July 10, 2024 11:45 pmProposed rules would require servicers to help homeowners before foreclosing, give servicers more flexibility by reducing paperwork requirements, and improve... View Article
Bank Regulators To Lean On Enforcement As Supreme Court Hits Rules
July 2, 2024 11:59 pmA pair of US Supreme Court decisions curtailing the rule-writing authority of federal regulators will likely force banking agencies to... View Article
Silvergate To Pay $63 Million In Combined Penalties Following Coordinated Investigations By DFPI, Federal Partners
July 1, 2024 10:29 pmSACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today it has entered into a consent order... View Article
The CFPB Is Working To Reinforce The Foundation Of A Fair, Nondiscriminatory And Competitive Mortgage Market
June 30, 2024 8:51 pmHMDA Data and Enforcement Actions Reveal Inaccurate Data Reporting Practices By Bobby Conner, Adrian Gonzalez, Danny Harris, and Hallie Ryan... View Article
CFPB Approves Rule To Ensure Accuracy And Accountability In The Use Of AI And Algorithms In Home Appraisals
June 24, 2024 11:59 pmBy Rohit Chopra and Zixta Martinez – JUN 24, 2024 Today, the Consumer Financial Protection Bureau approved a new... View Article
Statement Of CFPB Director Rohit Chopra, Member, FDIC Board Of Directors, On The Final Rule To Avoid Costly Megamergers
June 20, 2024 9:40 pmBy Rohit Chopra – June 20, 2024 Today, the FDIC is considering amendments to its rules regarding the resolution plans... View Article
