The Consumer Financial Protection Bureau (CFPB) has issued an enforcement action against a reverse mortgage lender, taking issue with its advertising practices. This story has been updated with a statement from the lender in question.
The CFPB has issued a request for public comment on newly-proposed rules for forward mortgage servicers, and has said it is continuing to monitor the reverse mortgage market to determine if it needs to intervene in it.
The Acting Director of the CFPB has rescinded various COVID-19 relief measures which were designed to assist financial institutions weather the pandemic, saying that they have adjusted and that consumers must come first.
The confirmation of President Biden’s nominee to lead the CFPB may be held up over vacancies at the Federal Trade Commission, according to a new analysis.
The CFPB continues its efforts to return to its original enforcement posture, rescinding a policy implemented last year by President Trump’s Bureau Director.
The CFPB has published a newly-updated resource guide for reverse mortgage borrowers, designed to inform them of loan obligations and options if they need help.
Dave Uejio, acting director of the Consumer Financial Protection Bureau (CFPB), announced late last week some changes to the agency’s policies he outlined in an email to Bureau staff. Because of the scale of the announcement, Uejio elected to release the email publicly via the CFPB’s official blog. “I know that the Bureau’s staff shares […]
Acting Director of the Consumer Financial Protection Bureau (CFPB) David Uejio does not intend to be a passive functionary as Biden administration nominee Rohit Chopra awaits Senate confirmation, telling staff in an email that he intends to begin focusing on the new administration’s priorities ahead of Chopra’s confirmation. This is according to an internal CFPB […]
The U.S. Department of Housing and Urban Development (HUD) has installed a new acting leadership team and a new permanent chief of staff, while the Consumer Financial Protection Bureau has also appointed a new acting director while new full-time positions are awaiting the Senate confirmation process according to announcements issued by the White House and […]
Director of the Consumer Financial Protection Bureau (CFPB) Kathleen Kraninger has resigned from her position as head of the agency, reportedly at the request of the Joe Biden administration. This is according to the former director herself, issuing a tweet including her resignation letter on Wednesday afternoon. In her letter addressed to President Biden, Kraninger […]