Month: February 2022

CFPB Moves to Thwart Illegal Auto Repossessions

The Consumer Financial Protection Bureau (CFPB) is moving to thwart illegal repossessions in the heated auto market.

The Consumer Financial Protection Bureau (CFPB) is moving to thwart illegal repossessions in the heated auto market.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-moves-to-thwart-illegal-auto-repossessions/

Federal Reserve Board announces $20.4 million penalty against the National Bank of Pakistan, a foreign bank operating in the United States and headquartered in Pakistan, for anti-money laundering violations

Federal Reserve Board announces $20.4 million penalty against the National Bank of Pakistan, a foreign bank operating in the United States and headquartered in Pakistan, for anti-money laundering violations

Federal Reserve Board announces $20.4 million penalty against the National Bank of Pakistan, a foreign bank operating in the United States and headquartered in Pakistan, for anti-money laundering violations

Read more / Original news source: https://www.federalreserve.gov/newsevents/pressreleases/enforcement20220224a.htm

OCC Issues Second and Third Quarter 2022 CRA Evaluation Schedule

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second and third quarters of 2022.

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second and third quarters of 2022.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-19.html

Consumer Financial Protection Bureau Outlines Options To Prevent Algorithmic Bias In Home Valuations

The Consumer Financial Protection Bureau (CFPB) today outlined options to ensure that computer models used to help determine home valuations are accurate and fair. The options will now be reviewed to determine their potential impact on small businesses.

The Consumer Financial Protection Bureau (CFPB) today outlined options to ensure that computer models used to help determine home valuations are accurate and fair. The options will now be reviewed to determine their potential impact on small businesses.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-outlines-options-to-prevent-algorithmic-bias-in-home-valuations/

CFPB Steps Up Scrutiny of Student Loan Servicers That Deceive Borrowers About Public Service Loan Forgiveness

Bulletin follows findings that servicers made deceptive statements to borrowers about loan cancellation for public service

Bulletin follows findings that servicers made deceptive statements to borrowers about loan cancellation for public service

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-steps-up-scrutiny-of-student-loan-servicers-who-deceive-borrowers-about-public-service-loan-forgiveness/