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.

1. On Wednesday October 8, 2014, the Consumer Finance Protection Bureau (CFPB) announced its interest in exploring the manner in which consumers applying to open checking accounts are approved and, more critically, refused a checking account based on information in reports of consumer reporting agencies that focus on transaction accounts. These reports, and the related.

1. On September 30, 2014, the Consumer Financial Protection Bureau (CFPB) ordered Michigan insurance agency Lighthouse Title to pay $200,000 for illegal real estate settlement referral agreements sending a clear and simple message that quid-pro-quo agreements for real estate referrals are illegal. One of CFPB’s missions is to ensure that the mortgage market is a.

1. GE Capital will pay $169 million to about 108,000 Hispanic borrowers to settle perhaps the largest credit card discrimination suit in history. The company will pay an additional $56 million to resolve accusations that it tricked customers into buying products they didn’t intend to buy, and it will pay a $3.5 million civil penalty..

1. A recent survey of financial institutions indicated that a majority plan to ramp up commercial lending this year. Very few institutions anticipated a decline in business lending as they see improving balance sheets among private companies applying for loans. Many banks forget that several consumer regulations (such as Reg. B; flood insurance; BSA/AML; FCRA.