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CFPB Puts Mortgage Servicing Industry on Notice: Being “Unprepared is Unacceptable”

USA - April 2 2021 On April 1, 2021, the Consumer Financial Protection Bureau emphasized that the mortgage servicing industry must prepare now for an inevitable…

Acting Director David Uejio Issues Warning: CFPB Will Take Aggressive Action with Regard to COVID-19

USA - February 3 2021 On January 28, 2021, Acting Director David Uejio of the Consumer Financial Protection Bureau (CFPB) confirmed the CFPB’s new, aggressive approach to…

Gabriella E. Alonso, Christy W. Hancock

CFPB Issues Debt Collection Guidance and Creates More Uncertainty for Mortgage Servicers

USA - November 1 2021 On October 29, 2021 — just 32 days prior to the November 30, 2021 effective date — the Consumer Financial Protection Bureau (CFPB) released new…

Lee Gilley, J. Riley Key

CFPB Director Denies J.G. Wentworth’s Petition to Set Aside Civil Investigative Demand

USA - February 19 2016 Recipients of a Civil Investigative Demand (CID) from the Consumer Financial Protection Bureau (CFPB) have yet another reason to be wary of…

Gregory B. Pipes

CFPB Extends the Comment Period for Proposed Debt Collection Rule in Response to Consumer Advocate and Industry Requests

USA - August 2 2019 The Consumer Financial Protection Bureau (CFPB) formally extended the comment period for its proposed debt collection rulemaking on Friday, August 2…

Lee Gilley, J. Riley Key