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WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Vanderbilt Mortgage & Finance, Inc., alleging that the company engaged in predatory lending ...
After 90% of CFPB staff was laid off this week, industry experts weigh in on what lenders should expect on compliance.
A federal judge has ordered a halt, for now, to the Consumer Financial Protection Bureau’s (CFPB) mass staff reduction last ...
The Consumer Financial Protection Bureau dismissed its case against a group of student loan investment vehicles for alleged debt collection violations before a federal judge could approve a $2.25 ...
What if your client called the CFPB about a servicing issue, or any issue, and no one answered? Things are changing, but for ...
The CFPB originally brought the action against Townstone, alleging that it had “discouraged Black prospective applicants from applying for mortgage loans with Townstone . . . by making ...
Tactics like that could be making a comeback. In early January, the CFPB under then-President Joe Biden sued Vanderbilt Mortgage & Finance for allegedly ignoring "clear and obvious flags" that ...
“Far from heading to an early grave, the CFPB is alive and kicking — just in a world that largely excludes IMBs [independent mortgage banks] and Big Tech,” James W. Brody, Esq., senior partner at ...
Under Kraninger's watch, the CFPB alleged that Townstone engaged in illegal redlining and that Sturner's comments on a radio show infomercial discouraged prospective Black applicants from applying for ...
CFPB begins firings and ends oversight of nonbanks, big tech, and critical consumer protection areas
A memo sent to Consumer Financial Protection Bureau (CFPB) staff on Wednesday calls for a seismic shift away from supervising non-banks and Big Tech financial companies, including payday lenders, ...
The CFPB said in a Thursday legal filing in Revenue Based Finance ... the accessibility of such loans and fight discrimination under federal fair lending laws. Mortgage lenders are already required to ...
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