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student loan servicing and servicers generally have discretion to determine policies related to many aspects of servicing operations. In May 2015, the Bureau joined with the Department of Education and the Department of the Treasury to launch a public inquiry into student loan servicing practices. The
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However, a quick perusal of the new supervisory report from the CFPB might finally be a sign that servicers are no longer at the top of the bureau’s hit list. The vendetta against servicers by.
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Nintendo also finally. online services on Switch. The Nintendo Switch has been one of if the biggest stories of 2017 in.
The biggest news about the consumer financial protection bureau’s rulemaking to-do list may not be the items topping the agenda – but what was left off of it. The agency’s recent spring rulemaking agenda includes significant items, including a new process for collecting small-business lending data as well as plans to update underwriting.
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CoreLogic: 10.4 million mortgages still in negative equity · The number of underwater borrowers dropped by 31%, or 1.5 million homeowners, but there are still a total of 3.2 million borrowers in negative equity positions, representing $126 billion in underwater first- and second-lien housing debt, Black Knight said in its year-to-year Mortgage Monitor Report for February.
What’s next for CFPB’s debt collection plan. [the CFPB is] creating. Our members utilize the services of debt collectors, so any requirements placed on them would naturally fold back up to the [first-party] creditors.. A rulemaking on first-party creditors would be pushed off to late 2018.
It appears that the Consumer Financial Protection Bureau’s (CFPB) controversial indirect auto initiative may be over. Before the holidays, the CFPB issued a blog post setting forth its fair lending priorities for 2017. It identified those priorities as Redlining, Mortgage and Student Loan Servicing, and small business lending.