Even in a friendlier regulatory environment, it would be unwise to discard established servicing policies and take on risk, executives said.

There were 361 complaints about reverse mortgages submitted to the CFPB in 2023, a number that dropped to 298 in 2024.

In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and ...

In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection ...

Just as Elon Musk's X pushes into financial services, the agency responsible for protecting citizens from such companies is ...

This rogue agency stifles innovation, drives up costs, and infantilizes consumers—all while operating without accountability.

Since 2021, the consumer watchdog agency has carried out a campaign to combat redlining and race-based discriminatory lending in the mortgage industry. A number of major banks and nonbanks have been ...

Republican lawmakers have filed legislation to defund the Consumer Financial Protection Bureau, adding more uncertainty over GOP plans for the financial regulator.

On January 17, the CFPB published a blog post highlighting the resurgence of “zombie” second mortgages — instances where homeowners thought ...

MOSO’s best feature, according to Suong, is the automatic interest rate update that’s sent via text or email to borrowers, ...

The Trump administration and Congress must end the weaponization of financial rules and attempts at censorship by financial regulators.

Wells Fargo said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer ...