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A Consumer Financial Protection Bureau "waives any alleged noncompliance" by the mortgage company while continuing to dole out redress to borrowers.
The Consumer Financial Protection Bureau has dropped 18 enforcement lawsuits against firms accused of abusive or deceptive tactics.
Supreme Court rulings and provisions in the recently-passed budget bill are bolstering the legality of the administration's ...
The CFPB cut short a five-year agreement with Bank of America over the bank’s alleged submissions of false mortgage data.
On July 1, the CFPB terminated two separate consent orders, one involving a federal credit union and the other involving a national mortgage servicer. Both orders stemmed from 2024 enforcement actions ...
The U.S. Consumer Financial Protection Bureau has closed an oversight agreement with Bank of America tied to allegations that the lender submitted inaccurate mortgage data, according to a filing ...
The Consumer Financial Protection Bureau is restricting its civil penalty fund from paying for consumer education and financial literacy programs.
Senate Republicans move to slash CFPB funding by half, risking hundreds of job cuts The Consumer Financial Protection Bureau was created to police potential bad actors in the financial services ...
In 2023, Bank of America also was ordered by the CFPB to pay a $12 million penalty after hundreds of bankers filed false mortgage reports.
Senate Republicans have proposed cutting the Consumer Financial Protection Bureau’s (CFPB) funding by nearly half. The move is part of President Trump’s “Big Beautiful Bill” and could lead ...
Supposedly written to expand consumers' "freedom," the rule implementing open banking laws is actually central planning in disguise. It can't be allowed to supplant better, market-driven solutions.
On June 20, the Consumer Financial Protection Bureau (CFPB or Bureau) filed a statement of interest in support of converting the bankruptcy case of Synapse Financial Technologies, Inc. from ...
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