CFPB – Page 2 – Regulatory Report

What's up

[ April 22, 2021 ] CFPB, NY AG seek to seize $1.6 million home of debt collector who was ordered to pay $60 million under 2019 settlement CFPB
[ April 22, 2021 ] How the FDIC will address misuse of its name, logo detailed in proposed rule FDIC
[ April 22, 2021 ] Agencies say proposal updates, codifies guidance on tax allocation agreements, protecting banks and insurance fund FDIC
[ April 22, 2021 ] Harper indicates capitalization of interest, derivatives rules may be nearing readiness for action NCUA
[ April 22, 2021 ] Two Fed actions include $9,500 penalty over flood insurance rule violations The Fed

Mortgage lenders’ 2020 HMDA loan-level data available online now

April 1, 2021 0

Data from about 4,400 Home Mortgage Disclosure Act (HMDA) modified loan application register (LAR) filers for 2020 is available now via the Federal Financial Institutions Examination Council’s (FFIEC) HMDA platform. The 2020 published data contains […]

CFPB rescinds 7 temporary policy statements issued amid COVID-19 crisis; discontinues use of ‘supervisory recommendations’

March 31, 2021 0

Seven policy statements issued from late March to early June 2020 that provided temporary flexibilities to financial institutions in the areas of consumer mortgages, credit reporting, credit cards, and prepaid cards are rescinded as of […]

Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning

March 30, 2021 0

Title: Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning Subject: FIs’ use of artificial intelligence Agency: CFPB, FDIC, Federal Reserve, NCUA, OCC Status: Request for information and comment […]

Evictions by multistate landlords, eviction services, private equity, to be investigation targets, CFPB, FTC leaders announce

March 29, 2021 0

Evictions – particularly by major multistate landlords, eviction management services and private equity firms – will be targeted for investigation by two federal agencies charged with overseeing consumer financial protection and fair trade, the agencies […]

Agencies’ RFI asks how financial institutions use AI for fraud prevention, underwriting, more

March 29, 2021 0

Information on how financial institutions use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting, and more is sought under a request for information announced Monday by federal bank, […]

Financial stability council slates climate change, COVID-19 developments for March 31 meeting

March 25, 2021 0

The interagency council formed under the 2010 Dodd-Frank Act to identify risks to financial stability and respond to emerging threats is set to meet next Wednesday on climate change and its potential impact on stability, […]

Uejio, in blog post on small-dollar loan issue, affirms importance of ability to repay in underwriting

March 24, 2021 0

The acting director of the Consumer Financial Protection Bureau (CFPB) on Tuesday stated the bureau’s continued belief that ability to repay is an important underwriting standard and held out the possibility of future rulemaking on […]

Bureau attributes 54% increase in 2020 complaints to coronavirus crisis; credit, consumer reporting objections led total

March 24, 2021 0

More than a half million complaints – up 54% from the previous year – were fielded in 2020 by the federal consumer financial protection agency, which reflects the financial impact of the coronavirus crisis, the […]

CFPB: Consumers’ debt collection complaints rose 10% in 2020

March 22, 2021 0

An annual report to Congress by the federal agency charged with consumer financial protection shows that the agency received some 82,700 complaints about first-party and third-party debt collection in 2020, an increase of about 10% […]

Statement of Policy Regarding Prohibition on Abusive Acts or Practices; Rescission

March 19, 2021 0

Title: Statement of Policy Regarding Prohibition on Abusive Acts or Practices; Rescission Subject: Abusive acts or practices Agency: CFPB Status: Rescission of statement of policy Summary: The Bureau of Consumer Financial Protection is rescinding the […]

« 1 2 3 4 … 86 »

CFPB, NY AG seek to seize $1.6 million home of debt collector who was ordered to pay $60 million under 2019 settlement

April 22, 2021 0

A federal court Thursday was asked to declare as void the 2015 transfer by a former debt collection firm operator of a $1.6 million home to family members and to order the seizure and sale of the property to partially [...]
How the FDIC will address misuse of its name, logo detailed in proposed rule

April 22, 2021 0

A proposed rule to provide “transparency” in the way the federal bank deposit insurer responds to the misuse of the agency’s name or logo, and false representations that a product is federally insured, was issued Wednesday on a notation vote [...]
Agencies say proposal updates, codifies guidance on tax allocation agreements, protecting banks and insurance fund

April 22, 2021 0

Banks that file tax returns as part of a consolidated tax filing group would be required to enter into tax allocation agreements with their holding companies and other members of their consolidated group under a proposed rule announced Thursday by [...]
Harper indicates capitalization of interest, derivatives rules may be nearing readiness for action

April 22, 2021 0

The chairman of the federal credit union regulator on Thursday said staff are “working through” some of the agency’s pending proposals and could, in the near future, have two in particular – on the capitalization of interest, the other on [...]
Two Fed actions include $9,500 penalty over flood insurance rule violations

April 22, 2021 0

A civil money penalty over a “pattern or practice” of violations of the central bank’s flood insurance rules and, separately, a written agreement calling for a bank to strengthen board oversight and management were announced Thursday by the Federal Reserve [...]