The Home Mortgage Disclosure Act (HMDA) requires mortgage lenders to report data about the loan applications they receive and the loans they originate. In just the last year, the CFPB used its enforcement authority to hold two major lenders accountable for failing to report complete and accurate HMDA data. https://lnkd.in/e__iNmHf
Consumer Financial Protection Bureau’s Post
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🔔 Exciting Opportunity Alert! 🔔 Are you an experienced attorney ready to make an impact? The Consumer Financial Protection Bureau (CFPB) Office of Enforcement is hiring Attorney-Advisors to join our dynamic team! 🌟 We’re looking for talented attorneys with substantive experience conducting investigations and litigation. Experience working with consumers, interpreting consumer protection laws, or practicing in federal court are a plus. American Bar Association #CFPBJobs #AttorneyAdvisors #NowHiring #JoinOurTeam #Diversity #LegalCareers #ConsumerProtection #WorkLifeBalance
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Today, the Consumer Financial Protection Bureau proposed new rules to make it easier for homeowners to get help when they are struggling to pay their mortgage.
CFPB Proposes Rules to Help Homeowners Avoid Foreclosure | Consumer Financial Protection Bureau
consumerfinance.gov
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Today, the Consumer Financial Protection Bureau took action against repeat offender Fifth Third Bank for a range of illegal activities that will result in the bank paying $20 million in penalties as well as paying redress to approximately 35,000 harmed consumers, including about 1,000 who had their cars repossessed.
CFPB Takes Action Against Fifth Third for Wrongfully Triggering Auto Repossessions and Opening Fake Bank Accounts | Consumer Financial Protection Bureau
consumerfinance.gov
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Today, the Consumer Financial Protection Bureau published an edition of Supervisory Highlights to share key findings from recent examinations of auto and student loan servicing companies, debt collectors, and other financial services providers.
CFPB Exams Find Loan Servicing Failures, Illegal Debt Collection Practices, and Issues with Medical Payment Products | Consumer Financial Protection Bureau
consumerfinance.gov
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Millions of mortgage borrowers had difficulty making their loan payments during the COVID-19 pandemic. A new Consumer Financial Protection Bureau report explores borrowers’ experiences, finding that many mortgage borrowers had trouble getting the help they needed from their mortgage servicers.
Borrower Experiences with Mortgage Servicing During the COVID-19 Pandemic | Consumer Financial Protection Bureau
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Today, the Consumer Financial Protection Bureau released its Fair Lending Annual Report to Congress, describing how we promoted fair access to credit and took action against unlawful discrimination in calendar year 2023.
The CFPB's 2023 fair lending annual report to Congress | Consumer Financial Protection Bureau
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Today, the Consumer Financial Protection Bureau issued an interim final rule to extend compliance deadlines by 290 days for the small business lending rule.
CFPB Extends Compliance Dates for Small Business Lending Rule | Consumer Financial Protection Bureau
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Don’t forget: Take action by Sunday, June 30 to take advantage of the U.S. Department of Education’s one-time payment count adjustment for student loan borrowers.
Consumer Advisory: Opportunity to cancel student loan debt ends soon | Consumer Financial Protection Bureau
consumerfinance.gov
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A new rule approved today by the Consumer Financial Protection Bureau will help ensure accuracy and accountability in home appraisals powered by AI or advanced algorithms.
CFPB Approves Rule to Ensure Accuracy and Accountability in the Use of AI and Algorithms in Home Appraisals | Consumer Financial Protection Bureau
consumerfinance.gov
Juris Doctor: Fraud Analyst, former federal agent USDOJ, USDHS.
6dAgain and again B of A violates the law. Why?