An 11-point memo directs the agency’s staff to bring redress directly to affected consumers, “rather than imposing penalties on companies in order to simply fill the Bureau’s penalty fund,” the CFPB’s ...

AI is delivering an ROI to many businesses, and the financial services industry is among those leading the way in adopting AI ...

It might not be quite as drastic a cut as one that would leave only “five men in a room,” but the Consumer Financial ...

To support employees effectively, companies should first assess their workforce’s financial pain points, such as budgeting, ...

An internal Consumer Financial Protection Bureau memo says the agency will shift enforcement and supervisory work to the ...

In an era where financial flexibility is more important than ever, leading digital lending platform Mr. Cash is redefining ...

This week, the Consumer Financial Protection Bureau (CFPB or Bureau) released a memo to staff outlining its new supervision and enforcement ...

REALM event, Cotality’s Chief Economist Dr. Selma Hepp noted that consumer and business sentiment has already dropped and ...

DPIE was primarily focused on ensuring the GSEs’ compliance with fair lending and consumer protection laws. Employees from that office who were placed on administrative leave have been routed to ...

How ‘bout some good news? Last week’s apps skyrocketed, and… Builders are sitting on a pile of unsold homes and are slashing ...

and supplementing them with rigorous risk and fair lending monitoring processes. This enables financial institutions to reach more borrowers—including underbanked and underserved individuals ...

This step aims to protect small borrowers from unnecessary financial burdens and ensure fair lending practices. It said "No loan related and ad hoc service charges/inspection charges shall be ...