Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
Disclosure requirements for non-federally insured depository institutions – estimated to number about 167 – are being renewed by the Consumer Financial Protection Bureau (CFPB), and public comments will be accepted for 30 days after the […]
Brian G. Cameron has been appointed private education loan ombudsman at the Consumer Financial Protection Bureau (CFPB), filling a post that has been vacant since the resignation nearly one year ago by the former ombudsman. […]
In a case reminiscent of one reported in January, the Consumer Financial Protection Bureau (CFPB) and the Office of the Arkansas Attorney General on Tuesday filed a proposed settlement that bans a broker – Andrew […]
A private loan program for students faces a judgment of $60 million and an injunction prohibiting the company that ran the program from offering or providing student loans ever again, the consumer financial protection agency […]
Some consumers expressed concern over the federal consumer financial protection agency’s practice of forwarding complaints received from other federal financial regulatory agencies on to the companies being complained about – something the agency indicated was […]
Use of an “alternative data” model for determining credit worthiness has resulted in 27% more applicants being approved, and 16% lower interest rates, than traditional models have recorded, the federal consumer financial protection agency said […]
The deadline for public comments on proposed revisions to Fair Debt Collection Practices Act (FDCPA) regulations has been extended to Sept. 18, according to a Federal Register notice filed by the Consumer Financial Protection Bureau (CFPB). […]
Eleven frequently asked questions (and answers) about integrated disclosures related to real estate lending — including about providing loan estimates to consumers — are now posted on its website, the federal consumer financial protection agency […]
The dollar-amount thresholds that trigger various penalty and disclosure requirements under Regulation Z, implementing the Truth in Lending Act (TILA), have been adjusted effective Jan. 1, 2020, by the Consumer Financial Protection Bureau (CFPB) through […]
Proposed changes released in May to set the coverage threshold for home loan data reporting at either 50 or 100 closed-end mortgage loans, in either of the two preceding years, and set the threshold for […]
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