The CFPB has ordered a Texas homebuilder, Paul Taylor, to surrender more than $100,000 he received in kickbacks for referring mortgage origination business to Benchmark Bank and to Willow Bend Mortgage Company. ...more
5/21/2013
- CFPB Kickbacks Real Estate Market RESPA
The CFPB has revised its rule that creates certain protections for consumers who transfer money internationally. The revisions are intended to preserve the new consumer protections provided under the rule while facilitating...more
5/1/2013
- CFPB Money Transfer
The CFPB has updated existing regulations to make it easier for spouses or partners who do not work outside of the home to qualify for credit cards....more
4/30/2013
- CFPB Credit Cards Stay-At-Home Spouses
The CFPB has announced four enforcement actions to end what the Bureau believes to be improper kickbacks paid by mortgage insurers to mortgage lenders in exchange for business. The CFPB filed complaints and proposed consent...more
4/8/2013
- CFPB Insurers Kickbacks Lenders Mortgages Penalties
The CFPB has released a bulletin explaining its belief that certain lenders that offer auto loans through dealerships are responsible for unlawful, discriminatory pricing. According to the CFPB, potentially discriminatory...more
3/25/2013
- Car Dealerships CFPB Fair Lending Lenders
The CFPB has issued a final rule that establishes procedures for the public to obtain information from the Bureau of Consumer Financial Protection, under the Freedom of Information Act, the Privacy Act of 1974, and in legal...more
2/18/2013
- CFPB Confidential Information Dodd-Frank FOIA
The CFPB announced a plan it will implement over the next year that focuses on the mortgage industry’s compliance with new consumer protections that go into effect in January 2014. In an effort to support rule implementation...more
2/14/2013
- CFPB Mortgages
The CFPB has issued a bulletin advising mortgage companies about their legal obligations that protect consumers during loan transfers between mortgage servicers. The CFPB is concerned that when handing over the processing of...more
2/12/2013
- CFPB Mortgage Loan Servicing Standards Mortgages
The Consumer Financial Protection Bureau, or CFPB, has adopted a new rule that requires lenders to ensure prospective buyers have the ability to repay their mortgage....more
1/11/2013
- CFPB Mortgages
A new bill has been signed into law which prevents a waiver of attorney-client privilege when a regulated entity submits information to the CFPB. ...more
12/31/2012
- Attorney-Client Privilege CFPB Waivers
The CFPB has adopted a rule which states its rules are deemed issued upon the earlier of...more
12/31/2012
- CFPB
The CFPB has announced its proposed policy to allow companies to test new consumer disclosures on a case-by-case basis. As part of its Project Catalyst initiative, and in line with its statutory authority, the CFPB’s goal is...more
12/14/2012
- CFPB Disclosure Requirements
The CFPB has announced actions to halt two alleged mortgage loan modification scams it believes ripped-off thousands of struggling homeowners across the country. According to the CFPB, these operations took in more than $10...more
12/12/2012
- CFPB Foreclosure Fraud Loan Modifications Mortgages Scams
