
The Consumer Financial Protection Bureau (CFPB) has settled an action against a third-party service provider involved in the credit repair industry, marking a significant step in consumer protection efforts. Additionally, the CFPB and the Federal Trade Commission (FTC) have issued warnings regarding risky solar lending practices, urging consumers to remain vigilant. The Federal Deposit Insurance Corporation (FDIC) is actively seeking comments on proposed changes to industrial bank rules and has suggested exercising its dormant authority under the Change-in-Bank Control Act. Furthermore, the CFPB is taking measures to regulate 'contract for deed' lending practices, which have historically targeted religious communities, to prevent the predatory lending issues seen during the subprime mortgage crisis. In related developments, the Federal Housing Administration (FHA) has finalized a rule aimed at modernizing interactions with mortgagors in default, enhancing support for homeowners facing financial difficulties. These actions reflect ongoing regulatory efforts to improve financial practices and protect consumers in various sectors.
FHA finalizes rule for modernization of engagement with mortgagors in default https://t.co/OzLCVD5d0g | by @Orrick
👀 OK. We have several updates on the SAVE plan student loan litigation. First, here's the background at Law Dork: https://t.co/EFFibFbaj4
Contracts for deed are under federal mortgage protections: CFPB https://t.co/cdnOit7awH



