CFPB – Page 73 – Regulatory Report

What's up

[ October 30, 2020 ] Final debt collection rule issued by CFPB; more on consumer protections to come in December final rule CFPB
[ October 30, 2020 ] On heels of big GDP growth reports, Fed cuts threshold for Main Street loans in order to help struggling small businesses The Fed
[ October 30, 2020 ] Former Enloe State Bank president among those targeted in FDIC’s September enforcements FDIC
[ October 30, 2020 ] Credit union worker in MS prohibited after sentencing for embezzlement NCUA
[ October 30, 2020 ] NCUA webinar on payday alternative loans, other short-term lending slated Nov. 16 NCUA

Cordray notes focus remains on low-risk checking, alternative data

September 4, 2017 0

Establishment of low-risk checking or prepaid accounts at banks and credit unions, and use of “alternative data” in building credit records, continue to be goals of the Consumer Financial Protection Bureau (CFPB) in battling financial […]

Bureau issues warning about ‘pay-by-phone’ fees

July 31, 2017 0

Concerned about financial services and other companies that are “tricking consumers” into paying expensive fees for remitting by phone, the CFPB issued a warning today about charging the fees. The bureau also issued guidance that […]

Proposal would clarify HMDA data collection, report

April 13, 2017 0

A proposal clarifying the information financial institutions are required to collect and report about their mortgage lending – helping them, in turn, comply with Home Mortgage Disclosure Act (HMDA) rules – was issued today by […]

Proposal seeks more flexibility in collecting mortgage lending info

March 28, 2017 0

Providing additional flexibility to some mortgage lenders concerning the collection of consumer demographic information is the aim of a proposed amendment to Regulation B (Equal Credit Opportunity Act/ECOA) issued by the CFPB last week. According […]

Comments will be due April 5 on extended prepaid rule effective date

March 14, 2017 0

Comments on a delayed effective date (to April 1, 2018) for a CFPB rule on prepaid accounts will be due April 5, as a result of a notice to be filed tomorrow in the Federal […]

Bureau seeks continuation of councils/board, as action in Congress looms

February 22, 2017 0

Advisory boards and councils for the CFPB – representing community banks, credit unions, consumers and researchers – would be continued under notices to be published Thursday by the agency, despite proposed legislation likely to emerge […]

Inquiry opened into ‘alternative data’ use for credit worthiness

February 17, 2017 0

“Alternative data” to determine credit-worthiness of consumers who lack enough credit history to obtain a credit score is the subject of an exploration opened Friday by the CFPB. The inquiry into “alternative data” focuses on “credit […]

Cordray wins reprieve (for now) as court will review ruling

February 16, 2017 0

The CFPB has been granted a review by a federal appeals court of a ruling from last fall that effectively found the structure of the agency unconstitutional. In a decision released Thursday, the U.S. Appeals […]

Suit alleges illegal fees sought from debt relief law firms, attorneys

January 30, 2017 0

Law firms and individual attorneys offering debt relief services were sued today by the CFPB for collaborating to allegedly charge “illegal fees” to consumers seeking debt relief, the consumer agency announced today. The suit filed […]

Bureau fines mortgage servicers for ‘giving runaround’ to consumers

January 23, 2017 0

“Giving the runaround” to homeowners seeking options to save their homes is cited as the impetus behind a $28.8 million order by the CFPB to two mortgage servicing subsidiaries of one of the nation’s largest […]

« 1 … 71 72 73 74 75 »

Final debt collection rule issued by CFPB; more on consumer protections to come in December final rule

October 30, 2020 0

A final rule focusing on communications between consumers and debt collectors under the Fair Debt Collection Practices Act (FDCPA) was released Friday by the Consumer Financial Protection Bureau (CFPB), with that final rule scheduled to take effect one year following [...]
On heels of big GDP growth reports, Fed cuts threshold for Main Street loans in order to help struggling small businesses

October 30, 2020 0

The day after record third-quarter real gross domestic product (GDP) statistics were released showing 33.1% growth, the Federal Reserve Friday said it was lowering the minimum threshold for loans offered through its Main Street Lending Program (MSLP) in an effort [...]
Former Enloe State Bank president among those targeted in FDIC’s September enforcements

October 30, 2020 0

A consent order barring the former president of the failed Enloe State Bank from future service in any federally insured financial institution was issued in September by the Federal Deposit Insurance Corp. (FDIC), according to information released Friday. The order [...]
Credit union worker in MS prohibited after sentencing for embezzlement

October 30, 2020 0

A worker at a Mississippi credit union in October was prohibited from working in the future at any federally insured financial institution after being sentenced on a charge of embezzlement, the federal credit union regulator said Friday. The National Credit [...]
NCUA webinar on payday alternative loans, other short-term lending slated Nov. 16

October 30, 2020 0

A webinar for credit unions interested in offering payday alternative loans or other forms of short-term lending is scheduled Nov. 16 by the National Credit Union Administration (NCUA), and registration is open now. The NCUA said in a release Friday [...]