The CFPB proposes regulatory authority over auto lenders that make at least 10,000 loans or leases per year.
The federal bureau alleges Corinthian Colleges targeted poor students and overcharged them for tuition and loans.
WASHINGTON — Rep. Mick Mulvaney (R-S.C.) said he disagreed with the CFPB's decision to spend more than $5 million to retroactively raise employee performance ratings from the last two years.
Credit card offers must make clear to consumers that future purchases may be subject to interest charges.
The CFPB answers discrimination allegations by giving all employees top annual review scores and retroactive pay.
The bureau's new OMWI report also says employees question the new pass/fail performance review system.
The bureau will also retroactively give all employees top ratings and spend $5 million on raises for everyone, regardless of performance.
Program is part of the bureau’s “Know Before You Owe” mortgage initiative.
The CFPB extends fee estimations five more years, but finalizes the 100 transaction annual compliance threshold.
Credit union leaders say they already consider FICO's changes when underwriting loans for members.