Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
The beta release of the Home Mortgage Disclosure Act (HMDA) platform for data collected in 2021 is available now for testing, the Consumer Financial Protection Bureau (CFPB) said in a notification Monday. The beta platform […]
Applications for appointments to membership of one of four advisory committees that offer input from various sections of the financial industry, and for research projects by the agency, to the federal consumer financial protection agency […]
Expanding access to the payments system by non-bank providers, and eliminating overlapping examination subject areas by regulators, are among the recommendations – out of 100 total – from a taskforce on federal consumer financial law […]
The federal consumer financial protection agency on Tuesday reminded that mortgage lenders are due to file their mortgage loan/application registers (LARs) with federal regulators by March 1. The registers, containing Home Mortgage Disclosure Act (HMDA, […]
A penalty of $2.175 million must be paid by a Las Vegas, Nev., firm for violations of federal law regulating lending to members of the military, the Consumer Financial Protection Bureau (CFPB) said Dec. 30. […]
A “dual-feature credit card” and a program allowing employees access to their earned but unpaid wages prior to payday got the green light Dec. 30 for limited time under two “compliance assistance sandbox” (CAS) approval […]
Banks, credit unions, and savings associations with assets of $48 million or less as of Dec. 31 are exempt from collecting data in 2021 under Regulation C (Home Mortgage Disclosure), the Consumer Financial Protection Bureau […]
A $25 million civil money penalty, and a $10 million ding for consumer redress, was ordered against a bank and its student lending subsidiaries for violating previous orders, the federal consumer financial protection agency said […]
Providing erroneous consumer loan data to consumer reporting agencies over years at a time has earned a U.S. subsidiary of a Spanish bank a consent order from the federal consumer financial protection agency, which imposes […]
A large remittance provider was assessed a $750,000 civil money penalty over “thousands” of remittance rule violations and required to correct its practices under a consent order announced Monday by the Consumer Financial Protection Bureau […]
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