The CFPB highlighted findings from supervisory examinations completed between January 2022 and June 2022.
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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.
The Senate Banking Committee held a hearing entitled, "Housing Finance Reform: Essential Elements of a Government Guarantee for Mortgage-Backed Securities." This hearing, as well as previous hearings, focused on the future of housing reform, particularly Senate Bill 1217 ("S. 1217"), entitled, "Housing Finance Reform and Taxpayer Protection Act of 2013," which was introduced by Senators Corker (R-TN) and Warner (D-VA). The legislation is intended to strengthen the United States' housing financing system by replacing government-sponsored enterprises ("GSEs") Fannie Mae and Freddie Mac with a