NEW YORK—Consumer Financial Protection Bureau Director Rohit Chopra says the future of consumer finance—and financial regulation—lies in technology.
Tag: Consumer Financial Protection Bureau
CFPB: ECOA Protects Borrowers After Applying for, Receiving Credit
The Consumer Financial Protection Bureau on Monday published an advisory opinion affirming the Equal Credit Opportunity Act—a federal civil rights law protecting individuals and businesses against discrimination in accessing and using credit—bars lenders from discriminating against customers after they have received a loan, not just during the application process.
CFPB Invokes ‘Dormant Authority’ to Examine Nonbank Companies Posing Risks to Consumers
In a highly unusual move, the Consumer Financial Protection Bureau on Monday announced it would invoke a largely unused legal provision to examine nonbank financial companies that pose risks to consumers.
MBA Weighs in on CFPB Fees
The Mortgage Bankers Association weighed in with the Consumer Financial Protection Bureau regarding its request for comment on fees imposed by consumer financial product and service providers.
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.
CFPB, DOJ Issue Joint Letters on Servicemember/Veterans’ Rights
The Consumer Financial Protection Bureau and the Department of Justice on Monday issued two joint letters Monday on legal housing protections for military families.
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 Issues RFI on Detecting Discrimination in Mortgage Lending
The Consumer Financial Protection Bureau on Nov. 16 issued a Request for Information seeking input on rules implementing the Home Mortgage Disclosure Act.
CFPB Issues RFI on Detecting Discrimination in Mortgage Lending
The Consumer Financial Protection Bureau on Nov. 16 issued a Request for Information seeking input on rules implementing the Home Mortgage Disclosure Act.
CFPB, Federal Agencies Rescind April 2020 Joint Statement, Says Will ‘Step Up’ Borrower Protections
The Consumer Financial Protection Bureau and other government agencies on Wednesday announced a return to “enforcement of critical protections” for families and homeowners.