Links in “CFPB”

It’s clear that the CFPB sees accurate and comprehensive HMDA data as a key tool in enforcing fair lending compliance. Last year the Bureau proposed sweeping changes to the HMDA data collection rules and is looking now to finalizing that rule. [5/15/15]

The CFPB, the government's chief watchdog for protecting consumers from bad debt collection practices, may need to turn on itself after a former CFPB intern has found herself receiving demand notices from the CFPF for debts she claims she does not owe. Perhaps she should submit a complaint to the CFPB's complaint website? [5/15/15]

After getting no signs of flexibility from the CFPB, the ABA takes its cause to Congress in an effort to provide a transition period for TILA/RESPA Integrate Disclosures. "If we do not get this right, it will have a negative impact on consumers, banks, and the recovery of the housing market." [5/15/15]

The CFPB's actions of late toward student lending suggest that all student borrower complaints are valid, that student loan borrowers who aren't making payments are automatically entitled to relief, and that problems in the economy making it hard for student loan borrowers to be fully employed should be resolved by loan holders. [5/15/15]

The CFPB's director says the bureau "listened carefully" to industry concerns that new integrated disclosure rules may frequently delay closings, so the bureau limited the circumstances under which such delays would occur. But here's what Cordray isn't fully taking into account. [5/14/15]

Student lending bears "an uncanny resemblance to the situation where struggling homeowners reached out to their mortgage servicers before, during, and after the financial crisis," according to CFPB Director Cordray, who launched today a review of the $1.2 trillion student debt market. [5/14/15]

The CFPB launched a new public inquiry on the experiences of people in getting student loans and paying them back. What about student loans stresses you out? [5/14/15]

A CFPB consent order signed this month cites the condition of roads in a development in a small town in Tennessee, raising questions on where the limits are on the bureau's regulatory authority. "If anyone doubts the expansive reach of the CFPB, look no further than [this] Consent Order." [5/13/15]

The CFPB has issued guidance to address a concern that consumers who receive vouchers from the Section 8 Housing Choice Voucher (HCV) Homeownership Program may be facing discrimination when applying for credit.  Regulation B prohibits discrimination against applicants who receive income from public assistance. [5/13/15]

The CFPB has filed proposed orders in federal courts, requiring that Verizon and Sprint pay $120 million in customer refunds to redress illegal third-party charges to customers. Additionally, if approved, the companies would pay $38 million in federal and state fines. [5/13/15]