04/06/18—The CFPB, currently headed by Mick Mulvaney as Acting Director, released its Semi-Annual Report to Congress containing suggestions on ways to increase oversight over the CFPB.
02/16/18—The New York Department of Financial Services (NYDFS) has proposed a new consumer protection standard for the sale of life insurance and annuity products.
01/19/18 – Acting Director Mick Mulvaney announced that the CFPB will undergo a review of the agency to identify “ways to improve outcomes for both consumers and covered entities.”
Ocwen Financial Corp. has agreed to a $1 million penalty for failing to meet the terms of the National Mortgage Settlement by not properly refunding force-placed insurance premiums to certain borrowers during the first quarter of 2017. Ocwen’s fine is related to the termination of force-placed insurance that was required […]
11/16/17 – The Washington Post reported yesterday that Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB), will step down as head of the CFPB by the end of this month.