CFPB

The CFPB’s consumer complaint database tells a story about our economy we need to hear

By / / Research / 4 minutes of reading

There is a little known public database of complaints about financial institutions that is garnering a lot of criticism from some banks and regulators. Despite this criticism, highly valuable information can be gleaned from these complaints that can help banks and other financial institutions better serve their customers. In 2010, when the Dodd-Frank Wall Street […]

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Robust data on home lending essential to fair and equitable treatment of borrowers

By / / Views / 10 minutes of reading

In order for the Consumer Financial Protection Bureau (CFPB) to protect millions of consumers from unsound lending, the agency must implement the public disclosure of the enhanced Home Mortgage Disclosure Act (HMDA) data in a rigorous manner that provides comprehensive and public information about loan terms and conditions. NCRC has a mantra about the importance

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Comment on CFPB RFI on data collection

By / / Testimony & Regulatory Comments / 11 minutes of reading

December 21, 2018 Consumer Financial Protection Bureau 1700 G Street NW, Washington, DC 20552 Request for Information Regarding Bureau Data Collections Docket ID CFPB-2018-0031 To whom it may concern: This letter is in response to the request issued by the Consumer Financial Protection Bureau (“the CFPB”) and listed as Docket No. CFPB-2018-0031 in the Federal

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Housing Wire: Did Mick Mulvaney just drastically change how the CFPB enforces fair lending laws?

By / / In the News, On Our Radar / 1 minute of reading

The Consumer Financial Protection Bureau stripped the Office of Fair Lending of its enforcement powers. John Taylor, President and CEO of the National Community Reinvestment Coalition said, “I am appalled to see one of the most effective offices within the CFPB stripped of responsibility to stop redlining, predatory lending, and other discriminatory behavior by financial firms.”

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The Intercept: After boasting about lowering black unemployment, Donald Trump undermines the federal unit defending against housing discrimination

By / / On Our Radar / 1 minute of reading

Interim Director Mick Mulvaney has stripped CFPB Office of Fair Lending and Equal Opportunities of its enforcement powers against redlining and predatory behavior by financial firms.

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AmericanBanker: Mulvaney launches public review of entire CFPB

By / / On Our Radar / 1 minute of reading

AmericanBanker, January 17, 2018: Mulvaney launches public review of entire CFPB The CFPB said it plans to publish a series of requests for information in the Federal Register in the coming weeks asking for the public to weigh in on the agency’s enforcement, supervision, rulemaking, market monitoring and education activities. “In this New Year, and under

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