Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
Compliance dates used in the filing instructions to correspond with new deadlines for the small business lending rule are published in the instructions guide issued Aug. 16 by the federal consumer financial protection agency. The […]
Establishing data standards for the collection of information reported to federal financial institution regulators by financial entities under their jurisdiction is the aim of a joint notice of proposed rulemaking (NPR) issued by the agencies […]
Two federal financial regulators on Friday added their names to a joint proposed rule that would set data standards for certain information collections submitted to financial regulatory agencies. The proposal, issued just one day prior […]
The risk that financial firms’ nondisclosure agreements with employees might scare employees away from reporting violations of federal consumer financial protection law – with such intimidation being a violation itself – is discussed in a […]
This article has been updated to include a link to the Federal Register notice and comment deadline. Ensuring workers know the cost and fees of “paycheck advance” products is the aim of an interpretive rule […]
Final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions were issued by all five federal financial institution regulators Thursday, the agencies announced in a joint release. According to the release, the guidance […]
A final rule designed to ensure credibility and integrity of automated valuation models (AVMs) in mortgages secured by a consumer’s principal dwelling through quality control standards was issued Wednesday by the federal financial regulators and […]
Home loan applications in 2023 were down 30% – from 14.3 million in 2022 to 10 million – according to new home lending data released Thursday. However, the share of home purchase loans to Black, […]
Mortgage servicers would be required to focus on helping their mortgage borrowers, and not foreclosing, when a homeowner asks for help under a rule proposed Wednesday by the federal consumer financial protection agency. The proposal […]
Alleged wrongful triggering of auto repossessions, and purported opening of fake bank accounts, has led Tuesday to the federal consumer financial protection agency to seek $20 million in penalties from one of the nation’s largest […]
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