Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
A company that sold a gap insurance product as an add-on to its auto loan products will pay restitution and a civil money penalty over deceptive practices in its product marketing and misrepresentation of the […]
A statutory requirement for inflation adjustments every five years of the funds-availability amounts under the Electronic Funds Availability (EFA) Act would be implemented for the first time under a proposal issued Tuesday by regulators. Issued […]
Three advisory councils representing consumer and community development interests, community banks, and credit unions will meet simultaneously Dec. 6 by conference call to discuss artificial intelligence in consumer financial services and consumer access to financial […]
The Senate will consider the confirmation of a permanent director for the federal consumer financial protection agency within the next couple of weeks under unanimous consent, the Senate leader’s schedule shows. Exact timing is unclear; […]
Confirmation of a nominee to the Federal Reserve Board of Governors, congressional testimony (on both sides of the Capitol) by an incumbent member of the same board, and a meeting of the federal credit union […]
At least five proposed rules and three final regulations will be issued by the federal consumer financial protection agency in the coming months, according to a report posted publicly late last week. According to the […]
A new loan-level dataset that provides insights into borrowers’ experiences in getting residential mortgages was released Thursday for public use by the consumer financial protection bureau and the federal regulator of the housing government-sponsored enterprises. […]
The payday lending rule’s effective date of Aug. 19, 2019, has been stayed by a federal court in light of a decision by the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) […]
Success in taking over the House of Representatives as a result of Tuesday’s elections will likely mean the beginning of new scrutiny by the Democrats for regulators’ proposals already issued, and for those ahead. The […]
The federal consumer financial protection bureau has updated some of its financial education content to provide K-12 educators new, free resources to help students develop financial knowledge, skills and habits, according to a blog post […]
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