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CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’

CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’

by Phil Hall | Apr 24, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) is pursuing the Biden administration’s campaign against so-called junk fees by publishing an edition of Supervisory Highlights featuring what the agency described as its actions “to combat junk fees charged by mortgage...
MBA CEO Broeksmit Challenges CFPB Claims of ‘Junk Fees’ in Closing Costs

MBA CEO Broeksmit Challenges CFPB Claims of ‘Junk Fees’ in Closing Costs

by Phil Hall | Mar 11, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The head of the Mortgage Bankers Association (MBA) has criticized the Consumer Financial Protection Bureau (CFPB) of being both “politically motivated” and ignorant regarding the closing costs process in homebuying. On Friday, the CFPB published a blog...
CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’

CFPB Faulted on Lack of Transparency in Civil Penalty Fund Disbursement

by Phil Hall | Feb 27, 2024 | Industry Updates, Real Estate News, WRE News Exclusive

An online news site has filed a Freedom of Information Act (FOIA) request to the Consumer Financial Protection Bureau (CFPB) to produce the full list of organizations that received payments from the Civil Penalty Fund that was created when the agency was established...
CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’

CFPB Settles Enforcement Suit Filed 10 Years Ago

by Phil Hall | Feb 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has announced a $12 million settlement that resolves an enforcement suit brought 10 years ago against a foreclosure relief operation that the agency identified as a scam. In May 2014, the CFPB filed a complaint against...
CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’

CFPB Issues Guidance on Background Check Reports and Credit File Sharing

by Phil Hall | Jan 11, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) issued guidance to consumer reporting companies to address inaccuracies in background check reports and problems in credit file sharing practices. According to the agency, the advisory opinion on background check reports...
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