Forgotten second mortgages may be coming back to haunt homeowners who haven’t received notices or account statements for years
FTC Sends More Than $5 Million in Refunds to Consumers Harmed by Bogus Credit Repair Scheme
Archive for Policy and compliance
The CFPB’s rule protecting payday and installment loan borrowers takes effect on March 30, 2025
The public can submit comments on open banking standard-setter applications to ensure the development of fair and effective open banking standards that serve the interests of all stakeholders, especially consumers
The CFPB is concerned that medical debt collectors may try to capitalize on surviving spouses’ vulnerabilities to try to collect unpaid medical bills, including bills that may not even be owed
CFPB’s HMDA enforcement cases and research focus on ensuring financial institutions comply with HMDA and Regulation C’s requirement to report complete and accurate mortgage lending information
New guidance from the US Department of Labor addresses predatory practices on state prepaid debit cards for unemployment insurance payments
After a Supreme Court decision last month, the CFPB’s rule to bring common-sense consumer protections for payday loans and other kinds of high-cost credit will move forward
Servicemembers have submitted over 400,000 complaints to the CFPB to get help with financial problems including problems with the Servicemember Civil Relief Act
The CFPB works to protect servicemembers in the financial market, engage military stakeholders, and monitor the market to identify risks to servicemembers, veterans, and military families
When landlords use information from a rental background check that qualifies as a “consumer report” against a tenant, they are required to tell the tenant of their decision and how to contact the company that created the background check
