Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
Title: Civil Penalty Inflation Adjustments Subject: CMP Agency: CFPB Status: Final rule Summary: The Bureau of Consumer Financial Protection (Bureau) is amending its rule that specifies the time period for which adjusted civil penalty amounts […]
The new director of the Consumer Financial Protection Bureau (CFPB) has issued her first semiannual report to Congress in which she describes the actions covered in the report – from April 1 to Sept. 30, […]
The coming week includes a mix of regulatory agency proceedings, congressional hearings and public remarks addressing federal financial institution regulators and their policies. First up here is the winding down of the public comment period […]
The “disclosure sandbox” the federal financial consumer protection agency proposed in September that it hopes will encourage applications for trial disclosure programs would be not just for fintech companies, but any covered entity, “regardless of […]
Documents related to settlements at the federal consumer financial protection agency that did not require companies to provide redress to harmed consumers are being sought by two key lawmakers, according to a letter they sent […]
A proposal rescinding the “ability to repay” provisions of federal consumer financial protection agency regulations on small-dollar “payday” lenders should itself be rescinded, the chair of the House committee with oversight of the agency said […]
New surveys on consumers’ experiences with debt collection disclosures and on household financial shocks are proposed in notices published recently by the Consumer Financial Protection Bureau (CFPB). The bureau is seeking Office of Management and […]
Title: Payday, Vehicle Title, and Certain High-Cost Installment Loans; Delay of Compliance Date (mandatory underwriting provisions) Subject: Payday lending Agency: CFPB Status: Final rule Summary: The Bureau of Consumer Financial Protection (Bureau) is issuing this […]
Title: Payday, Vehicle Title, and Certain High-Cost Installment Loans (rescinding provisions of current rule) Subject: Payday lending Agency: CFPB Status: Proposed rule Summary: The Bureau of Consumer Financial Protection (Bureau) is proposing to rescind certain […]
Proposed rulemakings to eliminate the ability-to-repay provisions of the consumer bureau’s payday lending rule and delay the implementation of those measures by 15 months – to Nov. 19, 2020 – were released Wednesday for 90-day […]
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