Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
A series of three “tech sprints” – one held this October, and two more slated for March 2021 – will focus on how to improve consumer disclosures, preparing files for Home Mortgage Disclosure Act (HMDA) […]
A Supreme Court ruling Monday that lets the federal consumer financial protection agency continue in operation – but finds that the president may remove its director at will – means that the agency’s rules continue to govern […]
Two companies engaged in contracts for deeds have settled charges that they misrepresented procedures to customers for filing complaints about how to resolve errors on consumer reports, the federal consumer financial protection agency said Tuesday. […]
An interim final rule that gives the green light to mortgage servicers providing forbearance relief to home owners facing hardship due to the coronavirus (COVID-19) pandemic, and allowing this based on limited information collected from […]
The way in which the federal consumer financial protection agency determines which counties qualify as “underserved” for a given calendar year for purposes of mortgage origination are outlined in an interpretive rule issued Tuesday. The […]
Addressing the Jan. 10, 2021 expiration of the so-called “GSE Patch” is the aim of two proposed rules – one establishing a “price-based approach,” and the other to extend the “patch” until a final rule […]
April and May brought the consumer financial protection agency some 42,400 and 44,100 complaints, respectively – the highest monthly complaint volumes in the agency’s history, its director said during a webinar Friday, who added that […]
The agency charged with consumer financial protection has updated its small-entity compliance guide on remittance transfers that incorporates May 2020 revisions to the agency’s remittance rule. The guide, published by the Consumer Financial Protection Bureau […]
Unsure how a rule from the federal consumer financial protection agency affects you? Starting Thursday, under a new pilot program from the agency, you can submit a request for clarity “where uncertainty exists.” In a […]
Title: Facilitating the LIBOR Transition (Regulation Z) Subject: LIBOR transition Agency: CFPB Status: Proposed rule Summary: The Bureau of Consumer Financial Protection (Bureau) is proposing to amend Regulation Z, which implements the Truth in Lending […]
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