10/25/17 – The New York Times reports that the Senate has voted 50-50, with Vice President Mike Pence as the tie breaker, to reject the Consumer Financial Protection Bureau’s Arbitration Rule that was issued last summer.
10/24/17 – In September, the Consumer Financial Protection Bureau (CFPB) modified its regulations to the Equal Credit Opportunity Act (ECOA), which will provide mortgage lenders flexibility in the collection of consumer data.
10/24/17 – The CFPB’s Consumer Advisory Board will meet on November 2, 2017, in Tampa, Florida to discuss, among other things, the Know Before You Owe requirements for reverse mortgages and the payday lending rule.
10/20/17 – Last month, the CFPB took action against an online lead aggregator for allegedly steering consumers toward lenders who offered illegal or unlicensed loans that were void in the consumer’s state.
10/18/17 – The Consumer Financial Protection Bureau (CFPB) sued two affiliated companies and a service provider providing debt relief services for falsely presenting the companies as being affiliated with the federal government.