The CFPB has outlined qualifications required by standard-setting organizations to be formally recognized as such. The move paves the way for the bureau’s upcoming personal financial data rights rule.
The Supreme Court wants the Second Circuit Court of Appeals to conduct a nuanced comparative analysis of whether state consumer protection laws apply to national banks.
Since September 2022, the Federal Reserve has been in a deficit and has still continued to fund the CFPB, a problem for the legality of the bureau’s funding, according to Hal Scott, a Harvard Law professor.
High debt-to-income ratio remained the largest denial reason for purchase-mortgage applications in 2023, while credit history issues moved into the top spot for denials of refinances.
Credit reporting inaccuracies are having a major impact on low-income consumers who are trying to find housing, according to participants at a recent CFPB Consumer Advisory Board Meeting.
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