There has been a huge decline in enforcement actions and civil money penalties imposed by the CFPB in the first six months of 2019. What does this say about the bureau’s enforcement trend?
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The mortgage industry has urged the New York Department of Financial Services not to go beyond the CFPB in terms of regulating mortgage servicers.
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The House Financial Services Committee passed four bills aimed at reforming the credit reporting system. They are expected to pass the full House, but their fate in the Senate is uncertain.
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Reversing the trend of the previous year, consumer complaints filed with the CFPB in-creased in the second quarter, according to an analysis by Inside the CFPB.
Freedom Debt Relief agreed to settle allegations that it misled consumers who participated in its debt settlement program and charged fees without settling debts as promised.
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