The Cantero v. BofA mortgage-escrow case, which has major ramifications for federal preemption of state laws, could swing either way, depending on how three justices rule.
The CFPB is looking to stop attempts by servicers to tack on convenience fees for payments made online or by phone. Meanwhile, trade groups are advocating for federal preemption in a Supreme Court case.
The CFPB last month issued its first contested supervisory designation order against a nonbank. The bureau said other companies that had received notices consented to supervision.
Large credit card issuers’ late fees will be capped at $8 in a few months following a new rule from the CFPB. Industry groups have filed a lawsuit to stop implementation of the rule.
The CFPB’s Office of Supervision Examination has capped the time an examiner can be assigned to an entity to a maximum of five years. The OSE is also set to launch a tool to track examiner assignments.
A CFPB circular warning operators of digital comparison-shopping tools against engaging in preferential treatment isn’t sitting well with industry participants.
RSS