In the wake of the financial crisis and with the advent of the Consumer Financial Protection Bureau (CFPB), federal and state enforcement officials have increasingly scrutinized consumer financial products and services. In many situations, these officials and agencies coordinate to advance common or similar claims and actions. Against this backdrop, we created the Consumer Finance Enforcement Watch blog – the marketplace’s first resource for real-time reporting on the full range of public federal and state consumer finance enforcement activity. Here, you will also find links to enforcement documents, statistics on the volume and nature of enforcement actions as well as reports and comments on significant enforcement trends and issues.

More specifically, Consumer Finance Enforcement Watch covers enforcement actions brought by the CFPB, Federal Reserve Board, Office of Comptroller Currency, Federal Deposit Insurance Corporation, Department of Justice, Federal Trade Commission, state attorneys general as well as key state financial services regulators concerning:
  • Consumer financial products and services offered by depository and non-depository institutions, including the extension and servicing of mortgage, auto, credit card, student or other unsecured consumer credit, the taking and evaluation of consumer credit applications, consumer credit reporting, the offering of deposit products, the processing of payments by consumers, and the collection of consumer debt; and
  • The enumerated consumer finance laws, including but not limited to, TILA, RESPA, FDCPA, FCRA, FACTA, FHA, ECOA, UDAP, UDAAP, along with state consumer protection laws.
We welcome you to our site and encourage you to provide feedback and contact us with any questions.
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Mortgage Servicer Enters in to $225 Million Consent Order with California DBO

California Department of Business Oversight  •  Fair Lending / Fair Servicing  •  FCRA  •  Military Service Members  •  Mortgage  •  RESPA  •  TILA
On February 17, 2017, the California Department of Business Oversight (California DBO) announced that it had entered in to a $225 million consent order with a national mortgage servicer following an investigation by a third-party auditor into loans serviced by […]

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