A Florida court granted Ocwen Financial a summary judgment concluding that the legal claims filed against the lender/servicer by the CFPB were barred by a 2014 consent decree.
A Washington state court found that student loan servicer Navient deceived borrowers, parents and others who put their credit on the line about how its co-signer release program works.
The proposed rulemaking only addresses the question of whether it would be appropriate in light of the effects of the pandemic to allow creditors to continue making QMs under the debt-to-income ratio rule.
The bureau has clarified that prohibitions against discrimination found in the Equal Credit Opportunity Act and Regulation B include bias against sexual orientation and gender identity.
Acting Director Dave Uejio has directed CFPB policy officials to use all available tools to keep people in their homes and prevent unnecessary foreclosures.
The New York-based independent mortgage lender has agreed to pay $1.5 million in penalties to settle charges that it failed to timely report a cybersecurity breach.