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WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today adopted a rule to codify protections for privileged information submitted to the Bureau by the financial institutions it regulates. “We are committed to safeguarding the confidential information of the institutions we supervise to ensure the Bureau is best equipped to do its job and protect [...]
Bureau Seeks Additional Consumer Input on Reverse Mortgages WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released a report highlighting the risks for American consumers as they struggle to understand reverse mortgages. The Bureau also announced a Request for Information to gather public input on follow-up questions regarding reverse mortgages. “Reverse mortgages are [...]
Guidance Highlights Protections for Military Homeowners With Permanent Change of Station Orders WASHINGTON, D.C. —The Consumer Financial Protection Bureau (CFPB) along with the prudential regulators – the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency and [...]
Bureau Seeks Information on Financial Dangers for Older Americans WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) announced a public inquiry to learn more about the many ways in which older Americans are financially exploited and about the best practices for elder financial management. The inquiry comes as part of today’s World Elder Abuse [...]
We hear often from consumers with questions and concerns about foreclosure. Last week, the Federal Reserve released a video that may be helpful.
Many homeowners across the country have gone through foreclosure in recent years. Sometimes the process left unanswered questions and concerns about how the foreclosure was handled. In some cases, servicers may have made major avoidable errors. Several financial regulators established the Independent Foreclosure Review to assist borrowers in getting answers and possibly compensation in the event of errors.
Joint Release Board of Governors of the Federal Reserve System Consumer Financial Protection Bureau Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency WASHINGTON—Five federal supervisory agencies today released a Memorandum of Understanding (MOU) that clarifies how the agencies will coordinate their supervisory activities, consistent with the Dodd-Frank Wall [...]
