The Latest Breaking News from CFPB

WASHINGTON — The Consumer Financial Protection Bureau’s decision to end temporary “safe harbors” for two financial technology companies is raising eyebrows in the community, with some wondering if the agency is committed to promoting financial innovation.

Financial technology firms are worried about the ramifications of a regulator’s decisions to end two temporary safe harbor protections.

The week in housing was one of great challenges, with mortgage rates cracking the 5% level while homeowners faced an uptick in property taxes and state attorneys general demanded that mortgage servicers drop their convenience fees charged to borrowers.

A few years after risky mortgages and related investments led to a global financial collapse, the Federal Reserve put out a handbook to help consumers make smarter choices about their home loan options. The focus was on adjustable-rate mortgages, whose exotic variants were among the prime culprits in the meltdown.

In late March, the three major credit bureaus announced significant changes to how medical debt will affect Americans’ credit scores. On July 1, paid medical collections will disappear from Equifax, Experian and TransUnion credit reports. Previously, these could have remained for up to seven years. Also, unpaid medical collections will…

The old cliché that “a rising tide lifts all boats” is not applicable to the U.S. housing market. Two demographics within the U.S. population, Black Americans and the LGBTQ community, have painful histories of real estate disenfranchisement. Even today, obstacles remain for these groups to enjoy the opportunities that others…

Shopping around for a deal on a credit card seems like one of those things that's pretty straight forward. Low, eye-catching rates are plastered all over websites for those doing research online and paper envelopes with special credit card offers pop up in the mail.

He may kill an agency that got results.