Investors claimed they were misled about bank’s progress in fixing governance and oversight issues that came to light in wake of 2016 “fake accounts” scandal. …
Posts published in “Consumer Financial Protection Bureau”
Experts participating in BAD INPUT argue technology could expand access to credit, but also perpetuate discriminatory lending unless it is closely overseen. Source: Inman News
PACE loans can burden homeowners with higher property tax bills that heighten the risk they’ll get behind on their mortgages, federal regulators say. Source: Inman…
The CFPB alleges mortgage servicers charged excessive late fees, assessed “fake” private mortgage insurance premiums and made homeowners pay for unnecessary inspections. Source: Inman News
Federal regulators allege bank improperly denied thousands of mortgage loan modifications over at least seven years, in some cases leading customers to lose their homes. …
CFPB alleges some homeowners who sought forbearance during the pandemic were charged improper late fees and weren’t fully informed of their options. Source: Inman News
The number of homes with foreclosure filings rose 29 percent in January as lenders took advantage of expiring federal restrictions, according to new data from…
Credit bureaus have “little incentive to treat consumers fairly when their credit reports have errors,” according to the Consumer Financial Protection Bureau, which analyzed 700K…
No new LIBOR loans will be allowed after this year, but there’s also the matter of what to do with roughly $1.4 trillion in existing…