Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
A task force created by the federal agency charged with consumer financial protection is seeking public input to identify areas of consumer protection the task force should focus on as it works to prepare a […]
The banking agencies postponed a joint webinar initially set for 2 p.m. ET Friday dealing with troubled debt restructuring (TDR) in the context of working constructively with borrowers affected by the coronavirus crisis. The agencies […]
Banks, savings associations, and credit unions were urged in a statement by regulators Thursday to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19, the illness caused by the novel coronavirus. […]
Data collections are postponed on such items on home mortgage disclosures and credit card and prepaid accounts until further notice to allow financial institutions firms time to focus on consumer needs during the coronavirus crisis, […]
Financial institutions will not face any action for filing a call report after the due date of March 31, as long as the institution files the report within 30 days of the due date, the […]
Federal and state regulators – in urging financial institutions to work with borrowers on the financial impact of the coronavirus crisis – on Sunday pledged a “hands off” policy for banks, credit unions, and savings […]
Combined assets for the 12 Federal Reserve Banks grew $116 billion to a total of $4.2 trillion in the year ending Dec. 31, 2019, with total earnings at $55.5 billion, down $7.6 million from the […]
The comment period will be extended on a proposal to require debt collectors to make certain disclosures when attempting to collect on debts that have exceeded the statute of limitations, the federal consumer financial protection […]
A report to Congress on actions taken in 2019 under the Fair Debt Collection Practices Act (FDCPA) was issued Friday by the Consumer Financial Protection bureau (CFPB) and Federal Trade Commission (FTC), the two agencies […]
The head of the federal agency charged with consumer financial protection on Wednesday called an announced moratorium on foreclosures and evictions of borrowers with federally backed mortgage loans a “timely and an important step in […]
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