1. The Consumer Financial Protection Bureau (CFPB) released a bulletin to help lenders avoid discrimination against consumers receiving disability income. The bulletin is meant to remind lenders that requiring unnecessary documentation from consumers who receive Social Security disability income may raise fair lending risk. The bulletin discusses verification standards and guidelines for Social Security disability.
1. The Consumer Financial Protection Bureau (CFPB) issued a “Supervisory Highlights” report that outlined several areas of concern its examiners have had with the new servicing rules. The report said that the bureau’s examiners cited violations based on the lack of, or inadequate, policies and procedures for monitoring third-party service providers and information sharing with.