Former Director of the Consumer Financial Protection Bureau (CFPB) Richard Cordray has found a new job in the Biden administration, this time at the Department of Education.
Liberty Reverse Mortgage parent company Ocwen Financial Services reported strong results for Q1 2021, pointing out the performance of its reverse mortgage business while at the same time touting the dismissal of a case brought against it by the CFPB.
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The Acting Director of the CFPB has rescinded various COVID-19 relief measures which were designed to assist financial institutions weather the pandemic, saying that they have adjusted and that consumers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.
Reverse mortgage originators may find it useful to brush up on the latest financial scams targeting the industry’s core demographic during the pandemic, as offered by the FCC, CFPB and HHS.
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 […]