Archive for Policy and compliance – Page 3

With mortgage interest rates elevated to levels not seen in many years, homebuyers are more likely to be offered, or seek out, alternatives to fixed-rate mortgages to help lower their monthly mortgage payments

See the full post at consumerfinance.gov

The United States District Court for the District of Columbia issued an order vacating the 2020 Home Mortgage Disclosure Act Final Rule as to the loan volume reporting threshold for closed-end mortgage loans

See the full post at consumerfinance.gov

Today, we finalized changes to our procedural rule related to nonbank supervision based on a risk determination

See the full post at consumerfinance.gov

The CFPB is seeking additional public input on companies’ acceptable use policies and their use of fines, liquidated damages provisions, and other penalties

See the full post at consumerfinance.gov

Lenders must ensure all borrowers have equal access to available reconsideration of valuation processes

See the full post at consumerfinance.gov

The CFPB recently filed an amicus brief to ensure furnishers follow their obligation to investigate disputes that consumers submit to credit reporting companies

See the full post at consumerfinance.gov

By gathering better price and availability data for more credit card products and making it publicly available, the CFPB seeks to empower consumers to choose the best card for their unique situation and to encourage issuers to compete more on rates

See the full post at consumerfinance.gov

Whistleblowers can help the CFPB protect consumers and support the rule of law

See the full post at consumerfinance.gov

Student loan servicers with military borrowers should act quickly to identify and notify military borrowers about the PSLF Limited Waiver before October 31, 2022

See the full post at consumerfinance.gov

Markets work best when rules are simple, easy to understand, and easy to enforce

See the full post at consumerfinance.gov