CFPB Proposes Rule to Shine New Light on Small Businesses’ Access to Credit

The Consumer Financial Protection Bureau (CFPB) today proposed a new rule designed to help small businesses gain access to the credit they need and deserve by increasing transparency in the lending marketplace.

The Consumer Financial Protection Bureau (CFPB) today proposed a new rule designed to help small businesses gain access to the credit they need and deserve by increasing transparency in the lending marketplace.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-proposes-rule-to-shine-new-light-on-small-businesses-access-to-credit/

Remarks of Acting Director Dave Uejio at the Press Call on the Small Business Lending Proposed Rule

Acting Director Dave Uejio remarks at the press call on the small business lending proposed rule.

Acting Director Dave Uejio remarks at the press call on the small business lending proposed rule.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/remarks-acting-director-dave-uejio-press-call-small-business-kending-proposed-rule/

Mortgage refinance loans drove an increase in closed-end originations in 2020, new CFPB report finds

A new Home Mortgage Disclosure Act (HMDA) data report on residential mortgage lending trends released today by the Consumer Financial Protection Bureau finds that the total number of closed-end originations as well as applications increased substantial…

A new Home Mortgage Disclosure Act (HMDA) data report on residential mortgage lending trends released today by the Consumer Financial Protection Bureau finds that the total number of closed-end originations as well as applications increased substantially between 2019 and 2020.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/mortgage-refinance-loans-drove-an-increase-in-closed-end-originations-in-2020-new-cfpb-report-finds/

CFPB Report: Mortgage Servicers’ Pandemic Response Varies Significantly

The Consumer Financial Protection Bureau (CFPB) today published a report detailing 16 large mortgage servicers’ COVID-19 pandemic response. The report’s data metrics include call handling and loan delinquency rates, and they highlight the industry’s wi…

The Consumer Financial Protection Bureau (CFPB) today published a report detailing 16 large mortgage servicers’ COVID-19 pandemic response. The report’s data metrics include call handling and loan delinquency rates, and they highlight the industry’s widely varied response to the pandemic.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-report-mortgage-servicers-pandemic-response-varies-significantly/

CFPB Annual Complaint Report Highlights More Than a Half-Million Complaints Received in 2020

Today, the Consumer Financial Protection Bureau (CFPB) provided to Congress the Consumer Response Annual Report for 2020. The impact of the COVID-19 pandemic on the consumer financial marketplace is reflected in the increase of complaints submitted to …

Today, the Consumer Financial Protection Bureau (CFPB) provided to Congress the Consumer Response Annual Report for 2020. The impact of the COVID-19 pandemic on the consumer financial marketplace is reflected in the increase of complaints submitted to the CFPB.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-annual-complaint-report-highlights-more-than-a-half-million-complaints-received-in-2020/

Consumer Financial Protection Bureau Issues Analysis of HMDA Data Points

The Consumer Financial Protection Bureau issued a new Home Mortgage Disclosure Act analysis of the 2019 HMDA Data. This data article is the second in a series and follows the first article published in June of this year.

The Consumer Financial Protection Bureau issued a new Home Mortgage Disclosure Act analysis of the 2019 HMDA Data. This data article is the second in a series and follows the first article published in June of this year.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-analysis-hmda-data-points/

CFPB Announces Plan to Issue ANPR on Consumer-Authorized Access to Financial Data

The Consumer Financial Protection Bureau announced that it plans to issue an advance notice of proposed rulemaking (ANPR) later this year on consumer-authorized access to financial records.

The Consumer Financial Protection Bureau announced that it plans to issue an advance notice of proposed rulemaking (ANPR) later this year on consumer-authorized access to financial records.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-anpr-consumer-authorized-access-financial-data/

CFPB Announces New Capability for the Consumer Complaint Database, Expands Ability to View Complaint Data Over Time

The Consumer Financial Protection Bureau announced the addition of a trends view to the Consumer Complaint Database.

The Consumer Financial Protection Bureau announced the addition of a trends view to the Consumer Complaint Database.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-announces-new-consumer-complaint-database-capability/

CFPB Releases Report on Debt Settlements and Credit Counseling

The Consumer Financial Protection Bureau released a report examining recent trends in debt settlement and credit counseling.

The Consumer Financial Protection Bureau released a report examining recent trends in debt settlement and credit counseling.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-releases-report-debt-settlements-credit-counseling/