The bureau wants to know why several major credit card issuers aren’t furnishing actual payment information to credit reporting agencies. The request for input is voluntary.
The new office, which replaces the Office of Innovation, will broaden its focus to include research and policy oriented at identifying and addressing obstacles to competition.
SEC administrative adjudications found unconstitutional; NCRC settles with Movement Mortgage; CFPB and New York attorney general settle case against debt collectors.
Both delinquencies on securitized student loans and prepayment rates on student loan ABS are up and could increase further due to the Biden administration’s efforts to help distressed borrowers.
A recent district court decision illustrates the importance of the powers ascribed to trustees in governing pooling and servicing agreements when initiating a foreclosure action.
Last week the Consumer Financial Protection Bureau issued an interpretive rule affirming states' ability to enforce the Consumer Financial Protection Act and several other federal consumer protection laws.
The trade group said allowing companies using AVMs to adopt and maintain their own policies and practices would better recognize differing business models and levels of AVM usage.