HUD, CFPB Issue Updated Coronavirus Guidance

The Consumer Financial Protection Bureau yesterday released a policy statement clarifying responsibilities of credit reporting companies and furnishers during the COVID-19 pandemic.

The CFPB Policy Statement on ‘Abusive Acts or Practices:’ What it Means

On Friday, the Consumer Financial Protection Bureau issued a policy statement providing a “common-sense framework” on how it intends to apply the “abusiveness” standard in supervision and enforcement matters–a clarification long-awaited by Mortgage Bankers Association and the real estate finance community.

CFPB Clarifies Treatment of ‘Compliance Aids’

The Consumer Financial Protection Bureau yesterday issued a Policy Statement announcing a new designation for certain Bureau guidance materials, referred to as “Compliance Aids.”

The CFPB Policy Statement on ‘Abusive Acts or Practices:’ What it Means

On Friday, the Consumer Financial Protection Bureau issued a policy statement providing a “common-sense framework” on how it intends to apply the “abusiveness” standard in supervision and enforcement matters–a clarification long-awaited by Mortgage Bankers Association and the real estate finance community.