Acting Director David Uejio Issues Warning: CFPB Will Take Aggressive Action with Regard to COVID-19
By EsqSocial Corporation 03/02/21
On January 28, 2021, Acting Director David Uejio of the Consumer Financial Protection Bureau (CFPB) confirmed the CFPB’s new, aggressive approach to enforcement of COVID-19-related matters. Uejio’s statement, posted as a blog, addresses several areas of concern discovered during last year’s Prioritized Assessments, including: Mortgage servicers providing inaccurate information about CARES Act forbearances, failing to process forbearance requests, and collecting late fees from borrowers placed...
By: Bradley Arant Boult Cummings LLP