The Federal Reserve Board, CFPB, FDIC, OCC, National Credit Union Administration and state financial regulators alerted mortgage servicers that they will resume their respective pre-pandemic supervisory and enforcement approaches towards noncompliance with mortgage-servicing rules.
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In an enforcement compliance bulletin, the CFPB warned it will hold credit rating agencies accountable for compliance failures with respect to "accuracy and dispute obligations" concerning rental information under the Fair Credit Reporting Act and Regulation V.
The CFPB warned consumer reporting agencies to accurately report information regarding consumer rentals and evictions.
In two publications, the CFPB reported findings from analyses of pandemic-related mortgage forbearance and delinquencies and from consumer complaints.
CFPB Acting Director Dave Uejio asserted that his priorities for the agency are "(1) relief for consumers facing hardship due to COVID-19 and the related economic crisis, and (2) racial equity."