While the U.S. Small Business Association defended its decision not to collect on small Paycheck Protection Program loans that have defaulted, the agency did agree to assess the costs of its program following criticism of its decision.
Even after being cautioned about issues, some mortgage servicers continued to provide borrowers with misleading or limited information about forbearance options on their websites, according to a report from the U.S. Department of Housing and Urban Development’s Office of Inspector General.
A report from the Office of the Inspector General (OIG) released last week found the CFPB gave access to data to more than 100 employees when it was no longer relevant to the employees’ jobs.
