By Jessica Scholes and Sarah Rosenthal, Staff Attorneys, New York Legal Assistance Group John remembers all too clearly the day the pre-paid debit card he used to pay his monthly bills, including his rent, stopped working. John could not access a balance of nearly $2000, including his paychecks, which he regularly deposited to the card. Show More Summary
Republican lawmakers are pushing a bill through Congress that would allow the president to sack the director of the Consumer Financial Protection Bureau at any time for any reason. But what are the odds President Trump would fire the head of a government agency he has issues with? Cough. The Republican...
Small business access to credit studied by Consumer Financial Protection Bureau
Ocwen Mortgage Servicing, once the nations leading non-bank servicer is on the ropes; beaten and battered by the last federal agency with a modicum of concern for Main Streeters: the Consumer Financial Protection Bureau. CFPB has taken...Show More Summary
US lawmakers are considering a bill to overhaul the financial regulation system in the US and unravel several post-financial crisis measures. The changes could include limiting the Consumer Financial Protection Bureau and changing the...Show More Summary
Federal regulators sued four online lenders for collecting consumer debts they weren't legally owed, an area that is a prime source of consumer complaints. The Consumer Financial Protection Bureau filed … Click to Continue »
by Sydney Brownstone Predatory lenders are a problem for Washington state students, but efforts to create a student loan bill of rights in the state legislature have stalled. zimmytws/Getty Images According to a new report from the federal...Show More Summary
There are bad days, and worse days, and there are days like Ocwen Financial Corporation (OFC) had on Thursday. The company was not only sued on multiple grounds by both the Consumer Financial Protection Bureau (CFPB) and the State of...Show More Summary
Ocwen Financial Corporation has come under fire from federal and state agencies for disreputable mortgage collection practices, resulting in widespread errors and illegal foreclosures. The problem is widespread enough that the earlyShow More Summary
The Consumer Financial Protection Bureau sued Ocwen Financial Corp., one of the nation’s largest mortgage servicers, on Thursday, alleging the company engaged in “significant and systemic misconduct” that caused borrowers to lose their homes. In addition to the lawsuit filed in U.S. District Court...
The Consumer Financial Protection Bureau sues Ocwen Financial over mortgage services, sending shares downward. CNBC's Dominic Chu reports.
The Consumer Financial Protection Bureau and mortgage regulators from 20 states are moving to limit the operations of Ocwen Financial, which has a history of regulatory problems.
The US Consumer Financial Protection Bureau on Thursday sued Ocwen Financial Corp and its subsidiaries, alleging the mortgage loan servicer's "years of widespread errors, shortcuts, and runarounds cost some borrowers money and others...Show More Summary
State and federal authorities are suing Ocwen Financial Corp., saying the company botched the handling of millions of mortgage accounts. The Consumer Financial Protection Bureau said Thursday that Ocwen generated … Click to Continue...
Last week, the Consumer Financial Protection Bureau (CFPB) released a rather dry 150-page amendment proposal for Regulation C of the Home Mortgage Disclosure Act (HMDA). However, buried within the proposal were some interesting clues surrounding a new geocoding tool that the CFPB is providing to help lenders identify a property's census tract...
Give Rep. Jeb Hensarling this much credit: He’s persistent. And he’s not afraid to completely bend the truth in pursuit of weakening consumer safeguards. Hensarling, chairman of the House Financial Services Committee, has made it his mission to roll back reforms put in place after the financial-services...
Politico: “Gary Cohn gave Richard Cordray, the head of the Consumer Financial Protection Bureau, an ultimatum over dinner a few weeks ago: Go the easy way, or go the hard way. Cohn, President Donald Trump’s top economic adviser, had heard [...]
Some time in the next few weeks, the Consumer Financial Protection Bureau is expected to impose stringent limits on the ability of banks and credit card companies to avoid consumer lawsuits. The financial services industry has been screaming bloody murder about the CFPB’s plan. You can expect the...
The Consumer Financial Protection Bureau accused Navient, the nation’s largest student loan servicer, of much wrongdoing. Here’s how to steer clear of problems.
The Consumer Financial Protection Bureau has been sending out solicitations for personal financial information and stories with official IRS refunds. The post Cordray’s CFPB Uses IRS Refunds to Solicit Personal Financial Information appeared first on RedState.