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June

30
2023
Industry News

Analysis and Strategic Implications of Consumer Financial Protection Bureau v. Brown

The Consumer Financial Protection Bureau (CFPB) brought an action against 18 defendants under the Consumer Financial Protection Act (CFPA) and the Fair Debt Collection Practices Act (FDCPA) for engaging in or substantially assisting a fraudulent debt-collection scheme.

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June

30
2023
Industry News

VantageScore CreditGauge™ May 2023: Delinquency Rates Rise Year-Over-Year Across All Credit Products, Days Past Due Categories

SAN FRANCISCO, June 29, 2023 /PRNewswire/ -- Today, VantageScore released CreditGauge, a monthly analysis that highlights the overall health of consumer credit in the United States. May's CreditGauge shows that May 2023 delinquency rates continue to rise year-over-year across all credit products and Days Past Due (DPD) categories.

KEY FINDINGS:

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June

30
2023
Trends

FFIEC Announces Availability of 2022 Data on Mortgage Lending

WASHINGTON, D.C. – The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on 2022 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,460 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies.

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June

30
2023
Trends

The CFPB's 2022 Fair Lending Annual Report to Congress

Today, the CFPB released its Fair Lending Annual Report to Congress , describing our fair lending activities in enforcement and supervision; guidance and rulemaking; interagency coordination; and outreach and education for calendar year 2022.

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June

30
2023
Industry News

AG Nessel Alerts Residents about a New Debt Collection Scam

LANSING – Michigan Attorney General Dana Nessel is alerting Michigan residents about fraudulent letters directed to workers and businesses. The letters attempt to collect an outstanding debt and are part of a scam that fraudulently identify the sender as the State of Michigan.

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