CFPB Issues Revisions for Mortgage Rules

Mortgages

CFPB Issues Revisions for Mortgage Rules

CFPB Issues Revisions for Mortgage Rules

The federal government has put a number of new regulations into place as a means of shielding consumers from potentially harmful financial products, and now, one watchdog agency has made a number of changes to rules it put into place in January. The Consumer Financial Protection Bureau recently revised¬†several rules in its Ability-to-Repay mortgage lending… Read More

CFPB Zeroes In on Bank Overdraft Fees

Personal Finance

CFPB Zeroes In on Bank Overdraft Fees

CFPB Zeroes In on Bank Overdraft Fees

The Consumer Financial Protection Bureau released a white paper today on the impact of overdraft and non-sufficient funds (NSF) fees on the average bank account holder. The report is the result of an examination the CFPB announced in February 2012, and involves an analysis of information provided from a request for information published in the… Read More

CFPB Complaint Database Tops 100,000 Reports for First Time

Personal Finance

CFPB Complaint Database Tops 100,000 Reports for First Time

CFPB Complaint Database Tops 100,000 Reports for First Time

The federal consumer watchdog agency in charge of ensuring that borrowers don’t run into any difficulties with their finances recently put a searchable database of complaints into place, and has once again updated it to be more functional and include a larger amount of information. The Consumer Financial Protection Bureau recently announced that it has¬†expanded… Read More

CFPB Releases Final Rules for Mortgage Industry

Mortgages

CFPB Releases Final Rules for Mortgage Industry

CFPB Releases Final Rules for Mortgage Industry

There have been far more regulations released for the lending industry in the last few years than ever before, and that trend continued over the last week, with the federal consumer finance watchdog agency releasing three more rule summaries for laws related to the issuing mortgages. The Consumer Financial Protection Bureau recently gave new guidance… Read More

CFPB Examining Auto Lending Add-Ons

Auto Loans

CFPB Examining Auto Lending Add-Ons

CFPB Examining Auto Lending Add-Ons

Millions of Americans have auto loans in their names and these products have been some of the most popular types of credit issued since the end of the recession, but it seems that some lenders issuing them may have been conducting some questionable practices as well. The Consumer Financial Protection Bureau, which is designed to… Read More

CFPB Is Collecting More of Your Data

Personal Finance

CFPB Is Collecting More of Your Data

CFPB Is Collecting More of Your Data

As part of its large-scale effort to better protect consumers from deceptive and misleading practices from a wide variety of bank and nonbank financial institutions, the federal watchdog agency tasked with regulating the industry has been collecting a massive amount of data in recent months. The Consumer Financial Protection Bureau is now going about the… Read More

Mortgage Lenders’ Top Complaint: CFPB Regulations

Mortgages

Mortgage Lenders’ Top Complaint: CFPB Regulations

Mortgage Lenders’ Top Complaint: CFPB Regulations

A new QuestSoft compliance survey revealed Consumer Financial Protection Bureau (CFPB) regulations are a top concern for lenders in 2012. Those participating in the survey answered nine compliance-related options to discuss their level of stress about the upcoming regulator changes issued by the CFPB. Several CFPB-related regulations including the Truth in Lending Disclosure and the… Read More

Mortgages Still Top Consumer Woe

Personal Finance

Mortgages Still Top Consumer Woe

Mortgages Still Top Consumer Woe

Despite the fact that housing news in 2012 and 2013 has been pretty glowing — home prices are rising and credit is beginning to open up again — American’s top money complaint is still mortgages. The Consumer Financial Protection Bureau released its annual consumer complaint database snapshot Thursday, describing the financial woes that consumers have… Read More

The CFPB Wants Your Help With Student Loan Debt

Students

The CFPB Wants Your Help With Student Loan Debt

The CFPB Wants Your Help With Student Loan Debt

These days, more experts are starting to point out just how bad the student debt problem in the U.S. has become, and as a consequence, the federal watchdog agency tasked with helping consumers safeguard their finances wants to see what it can do for Americans carrying these often massive balances. The Consumer Financial Protection Bureau… Read More

CFPB Reminds Lenders of Consumers’ Rights in Mortgage Transfers

Mortgages

CFPB Reminds Lenders of Consumers’ Rights in Mortgage Transfers

CFPB Reminds Lenders of Consumers’ Rights in Mortgage Transfers

The federal watchdog agency tasked with protecting consumers from unfair or predatory financial practices by many types of financial institutions recently issued new guidance for some companies related to loan transfer deals. The Consumer Financial Protection Bureau’s latest bit of guidance addressed the legal obligations mortgage lenders have with regard to protecting consumers as they… Read More

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