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CFPB Announces Receipt of 10 Millionth Consumer Complaint

CFPB Announces Receipt of 10 Millionth Consumer Complaint

by Phil Hall | Jan 22, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) announced the receipt of its 10 millionth complaint from consumers against financial services companies. In an online video CFPB Director Rohit Chopra called the occasion a “big milestone” while stressing it meant more...
Rohit Chopra, Biden’s CFPB Director, Still on the Job While Highlighting New Enforcements

Rohit Chopra, Biden’s CFPB Director, Still on the Job While Highlighting New Enforcements

by Phil Hall | Jan 21, 2025 | Current News & Events, Industry Updates, Market Snapshot, Real Estate News, WRE News Exclusive

Rohit Chopra, the Biden administration-appointed director of the Consumer Financial Protection Bureau (CFPB), was not part of yesterday’s inauguration festivities for President Donald Trump. However, Chopra didn’t take the day off – he was busy on X boasting about his...
CFPB Announces Receipt of 10 Millionth Consumer Complaint

CFPB Sues Experian Over Handling Consumer Disputes

by Phil Hall | Jan 7, 2025 | Industry Updates, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the consumer reporting agency Experian, alleging that if failed to properly investigate consumer disputes. Experian, based in Costa Mesa, California, is one of the nation’s three largest...
CFPB Finalizes Rule to Remove Medical Bills from Credit Reports

CFPB Finalizes Rule to Remove Medical Bills from Credit Reports

by Phil Hall | Jan 7, 2025 | Current News & Events, Industry Updates, Market Snapshot, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) finalized a rule that will remove medical bills from the credit reports. The CFPB’s new rule amends Regulation V, which implements the Fair Credit Reporting Act (FCRA), to stop from including medical bills on credit...
CFPB Sues Berkshire Hathaway Unit Vanderbilt Mortgage, Alleging ‘Risky Loans’

CFPB Sues Berkshire Hathaway Unit Vanderbilt Mortgage, Alleging ‘Risky Loans’

by Phil Hall | Jan 7, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Vanderbilt Mortgage & Finance, claiming the company was “setting families up to fail when they borrowed money to buy a manufactured home.” Maryville, Tennessee-based Vanderbilt originates...
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