CFPB Analysis Criticizes Consumer Reporting Companies on Complaint Response

A new Consumer Financial Protection Bureau analysis sharply criticized the three major nationwide consumer reporting companies, alleging changes in complaint responses provided by Equifax, Experian and TransUnion resulted in fewer meaningful responses and less consumer relief.

MBA Commends HUD Guidance on Special Purpose Credit Programs

HUD on Dec. 7 released guidance clarifying special purpose credit programs that conform with the Equal Credit Opportunity Act and Regulation B generally do not violate the Federal Fair Housing Act.

CFPB: Credit Report Disputes More Common in Minority Neighborhoods

The Consumer Financial Protection Bureau released research reporting consumers in majority Black and Hispanic neighborhoods, as well as younger consumers and those with low credit scores, are far more likely to have disputes appear on their credit reports.

Kraninger Steps Down as CFPB Director

Consumer Financial Protection Bureau Director Kathy Kraninger announced her resignation yesterday effective immediately, paving the way for President Joe Biden’s nominee, Rohit Chopra, to take over the agency.

Biden Nominates Rohit Chopra to Lead CFPB

President-Elect Joe Biden on Monday nominated Rohit Chopra, who worked closely with Elizabeth Warren in creating the Consumer Financial Protection Bureau in the wake of the Great Recession, to serve as the Bureau’s next Director.

Biden Nominates Rohit Chopra to Lead CFPB

President-Elect Joe Biden on Monday nominated Rohit Chopra, who worked closely with Elizabeth Warren in creating the Consumer Financial Protection Bureau in the wake of the Great Recession, to serve as the Bureau’s next Director.