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Who's Behind Latest Bank Giveaway?

Last week offered a very good snapshot of the state of things in the wake of mortgage crisis. On the one hand, there was news of a woefully inadequate $8.5 billion settlement as "remedy" for irresponsible (and worse) behavior by mortgage servicers. On the other, the Consumer Financial Protection Bureau announced regulations that might help stop such abuses from happening again.

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Found more than 1 month ago on channel Abc News

PODCAST: New mortgage guidelines

The Consumer Financial Protection Bureau is rolling out new guidelines for U.S. mortgages. A new study finds that we waste half of the 4 billion tons of food produced annually for human consumption. And HUD cannot afford to fix its public housing, so the government wants to reclassify the properties as Section 8.

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Found more than 1 month ago on channel Marketplace.org

United States: Your Complaints Just Went Public! The CFPB Expands Online Access To Consumer Complaint Data - Loeb & Loeb LLP

Keeping its promise to make consumer complaints available for all the consumer financial products and services it oversees, the Consumer Financial Protection Bureau yesterday announced that it has added some 90,000 additional complaints about mortgages, bank accounts and services, student loans, consumer loans, and credit cards to its online Consumer Complaint Database.        

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Found 1 month ago on channel Mondaq

United States: Negotiating The Enforcement Maze: A CFPB Civil Investigative Demand - Foley & Lardner

The Consumer Financial Protection Bureau, through its Office of Enforcement, may conduct inquiries of institutions or persons to investigate compliance with the federal consumer financial laws for which it is responsible.        

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Found 1 month ago on channel Mondaq

United States: Six Things To Know About The CFPB - Venable LLP

Since opening for business in July 2011, the Consumer Financial Protection Bureau ("CFPB" or the "Bureau") has focused on regulating consumer financial markets and protecting consumers through studying markets, educating consumers, and enforcement.        

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Found 1 month ago on channel Mondaq