The top U.S. consumer watchdog has terminated a 2022 order punishing Wells Fargo for allegedly mishandling auto loans and ...

On January 17, the CFPB released its complaint and proposed consent order against a nondepository mortgage company, alleging violations of the ...

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

The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit ...

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

The bureau recently published a report about home equity investments, and it filed an amicus brief with a court to state its ...

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 ...

Qualified mortgages have a maximum debt-to-income ratio ... Many of these loans had features the CFPB deemed “toxic,” including interest-only payments. This is not unusual with non-QM loans ...

Non-QM loans are mortgage loans that do not meet the qualified mortgage standards of the Consumer Financial Protection Bureau ...

People in this impacted group could see their credit scores jump by 20 points, according to the CFPB. With this new ... were unable to pay their rent or mortgage had around $3,000 of debt as ...

Cases involving accusations of redlining, kickbacks, underpaid employees and more swept across the mortgage industry in ...