With less than two weeks left until the new qualified-mortgage standards go into effect, there is no official word on whether the rule will be delayed.
In a new blog posting, CFPB Acting Director Dave Uejio spelled out the ways the bureau is working to get financial institutions to provide substantive responses to consumer complaints.
The agency is scrambling to boost its attorney strength to help it to deliver on its promise to make consumer protection rules more effective, and to consistently and fairly enforce those rules.
Most industry stakeholders suggested the CFPB push financial institutions to adopt data sharing through application programming interfaces instead of the practice of screen scraping.
The new California state regulator, modeled after the CFPB, fined Optima Advocates for falsely promising consumers it could get their student loans dismissed in exchange for a fee.
A Maryland trial court last month admitted its error in dismissing an anti-kickback lawsuit against Sierra Pacific Mortgage. The court will now reassess the plaintiffs’ claim under both RESPA and the RICO Act.