WASHINGTON — In a case that will decide not only the fate of hundreds of National Labor Relations Board decisions and rules issued over the last 18 months but also help define the constitutional limits of presidential and congressional authority, the U.S. Supreme Court has agreed to decide whether the president had the power to install three of his nominees to the board without Senate approval.
In case mortgage lenders and financial institutions needed reminding, the Consumer Financial Protection Bureau has issued an update on what its examiners will be looking for under new mortgage rules.
A ban on mandatory arbitration clauses in some mortgage loans took effect June 1 as part of new rules created by the Consumer Financial Protection Bureau.
In the first criminal complaint referred to prosecutors by the watchdog agency Consumer Financial Protection Bureau, a debt relief company and two lawyers have been indicted in an alleged fraud scheme.
Recent Senate hearings have sparked renewed debate over a national mortgage database that will hold information about millions of mortgage, credit card and auto loans, loan terms, borrowers’ credit profiles and financial information.
WASHINGTON – Saying that the ruling unduly restricts presidential authority, the Obama administration has asked the U.S. Supreme Court to strike down a federal appellate court decision invalidating last year’s recess appointments to the National Labor Relations Board.
Over the past 12 months, the Federal Trade Commission has brought or resolved cases against four debt collectors that allegedly used deceptive or abusive tactics to intimidate consumers, according to a new report by the agency.
Published: January 11, 2013
Tags: Consumer Financial Protection Bureau, Dodd-Frank Wall Street Reform and Consumer Protection Act, fedearl agency, Home Ownership and Equity Protection Act, mortgage rules
WASHINGTON – The Consumer Financial Protection Bureau has issued new rules designed to boost high-cost mortgage borrowers’ protections and provide them with better information and resources.
WASHINGTON – Two federal agencies have joined together to beef up investigations and enforcement actions against companies who engage in fraudulent advertising under the Mortgage Acts and Practices Advertising Rule and the Federal Trade Commission Act.
Some lawyers engaging in debt collection will now be supervised by the Consumer Financial Protection Bureau pursuant to a new rule promulgated by the agency.
It will be the first time lawyers are subject to oversight by a federal agency.