You can submit a complaint to the Consumer Financial Protection Bureau (CFPB) through its website, over the phone, using the toll free number, by sending a fax, or by sending it through the mail. How Long Does CFPB Take to Respond to Complaints? According to the government's website, m...
Upon submission of a complete re- in to track the status of a complaint. The narrative information pro- also factor in the fact sponse, the Assistant Director ne- gotiates and approves the terms of vided by consumers, however, will not be made public until the CFPB that their motion and...
Overdraft fees have been exempt from the definition of “finance charge” under the Truth in Lending Act (TILA) for over 50 years. The CFPB explained there was formerly a need for the exception when checks were the primary form of payment because of mail and deposit delays. However, the CF...
Mr. Chopra’s nomination has moved out of committee and is ready for a floor vote. However, President Biden has indicated that Mr. Chopra’s confirmation will be delayed until the administration fills the FTC vacancy created by the resignation of former FTC Chair Joseph Simons. As Mr. Chopra...
As demonstrated by ourcomplaintagainst Townstone Financial, Inc., the CFPB will continue to combat redlining in all its forms in the 21st century. Examiners found foreclosure issues Bureau examiners found several violations of the mortgage servicing rules in Regulation X, including instances of some...
"Defendants have performed only perfunctory due diligence regarding the legitimacy and legality of their clients' underlying transactions and have ignored indicia of fraud or illegality revealed through even their minimal due diligence," according to the CFPB's complaint. "By providing these...
Violates Funding and Procedural Standards. The complaint challenges the CFPB’s funding structure as unconstitutional, relying on Federal Reserve earnings rather than congressional appropriations, an issue recently upheld by the Supreme Court but still contested (previously discussedhere). ...