The Consumer Financial Protection Bureau released its Supervisory Highlights report for the first half of 2021, which spotlights legal violations identified during exams of financial institutions with more than $10 billion in assets.
CFPB report spotlights mortgage, payday, remittance violations
December 10, 2021 / By ICBA
The Consumer Financial Protection Bureau released its Supervisory Highlights report for the first half of 2021, which spotlights legal violations identified during exams of financial institutions with more than $10 billion in assets.
The Consumer Financial Protection Bureau released its Supervisory Highlights report for the first half of 2021, which spotlights legal violations identified during exams of financial institutions with more than $10 billion in assets.
Details: The CFPB’s latest report says:
Mortgage servicers charged improper fees to borrowers enrolled in CARES Act forbearance.
Mortgage lenders engaged in fair lending violations related to pricing exceptions.
Payday lenders improperly debited consumer bank accounts.
Remittance providers failed to properly investigate error notices.
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