The CFPB highlighted findings from supervisory examinations completed between January 2022 and June 2022.
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In testimony before the House Financial Services Committee and the Senate Banking Committee, CFPB Director Rohit Chopra prioritized (i) stimulating competition in the consumer financial markets, (ii) action against repeat offenders of agency and court orders, and (iii) restoring relationship banking to protect consumers "in an era of big data."
The largest nonbank mortgage servicer in the United States reached concurrent settlements with the CFPB, state attorneys general and state bank regulators concerning allegations of unfair and deceptive mortgage loan servicing practices.
CFPB Director Kathleen L. Kraninger testified before the House Financial Services Committee on regulatory developments at the agency.
The Consumer Financial Protection Bureau highlighted recent findings from supervisory exams covering auto loan origination, credit card account management, debt collection and mortgage origination.