Early 2014 CFPB Activity Signals Tough Times

Law360, New York (March 24, 2014, 12:24 PM EDT) -- The Consumer Financial Protection Bureau's 2014 enforcement actions show an active and aggressive agency with an enforcement strategy covering a wide variety of consumer lending areas. Like the previous year, the CFPB appears intent on communicating to all consumer lending market participants that no matter the size or scope of the business or the alleged violation, the CFPB will be vigilant with its Dodd-Frank mandate to regulate and police the consumer financial arena.

Tough Penalties for Fidelity Mortgage Corp.

On Jan. 16, the CFPB issued its...
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