Cart

Inside the CFPB

October 24, 2022

View Archived Issues

Appeals Court Finds CFPB’s Structure Is Unconstitutional

The Fifth Circuit Court of Appeals, in ruling on the validity of a CFPB 2017 payday lending rule, found the funding structure underlying the agency’s actions unconstitutional. Depending on the results of an appeal, it could spell serious trouble for the bureau. Read More

Servicing Share of Mortgage Complaints Increases in 3Q

Mortgage-related complaints declined in the third quarter of 2022, tracking trends in mortgage originations. (Includes two data charts.) Read More

MBA’s Broeksmit Critical of Regulatory Environment

Mortgage Bankers Association's President and CEO Robert Broeksmit said regulations have pushed banks out of the mortgage sector and could do the same to nonbanks if regulators aren’t careful. Read More

AFSA Counters CRL, Defends Installment Loans

The American Financial Services Association defended its members following a report from the Center for Responsible Lending that criticized “high-cost installment loans.” Read More

Bureau Sues Payments Platform for ‘Dark Patterns’

The CFPB alleges Active Network, used by community groups to plan events, tricked consumers into signing up for annual memberships by manipulating them. Read More

Trade Groups Oppose Bill on Algorithmic Discrimination

The Mortgage Bankers Association, alongside national bank trade groups and local mortgage industry groups, sent a comment letter to a DC councilmember requesting the bill be shelved. Read More

CFPB Considers Novel Concept: The ‘Auto-Refi’

In a recent RFI, the CFPB suggested that the development of automatic mortgage refinances could help borrowers. Read More

Employer-Driven Debt RFI Prompts Diverse Responses

The request for information drew responses from a handful of labor unions and employer trade groups from a variety of industries. Read More

Other News in Brief

CSBS names new policy and supervision chief; CFPB studies student banking; bureau sues remittances firm; DOJ settles discrimination claims with bank; Regulation F MVNs are optional; bureau states clearly false data don’t belong on credit reports. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results