Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
Higher maximum amounts for civil money penalties (CMP), adjusted for inflation, will be in place after Jan. 15 by four federal financial institution regulators, the agencies said in separate notices to be published as early […]
A no-action letter (NAL) issued Friday to Bank of America (BofA) by the federal consumer financial protection agency provides there will be no supervisory findings or enforcements issued regarding the bank’s funding arrangements with housing […]
The federal agency charged with consumer financial protection will begin taking applications for membership on its consumer, community bank, credit union, and academic research councils Monday, according to a notice slated for Federal Register publication […]
Four members have been named to a new taskforce that will examine the existing legal and regulatory environment facing consumers and financial services providers and report findings to the director of the Consumer Financial Protection […]
A joint “office hours” to be held as part of the American Consumer Financial Innovation Network (ACFIN) is slated to be held Jan. 30 in Salt Lake City by the federal consumer protection agency and […]
Several firms and individuals involved in offering student loan debt-relief services were sued Thursday by the Consumer Financial Protection Bureau (CFPB), which claims the parties illegally obtained consumer reports, charged at least $15 million in […]
The market for credit cards issued to college students is getting smaller, the federal consumer financial protection agency said Monday in a report, as the number of issuers dries up. In its report on college […]
About 12.3 million persons, including consumers, used the federal consumer financial protection agency’s internet-based and print educational resources last year, exceeding the target total by 4 million, the agency said Dec. 23. In its financial […]
Banks, credit unions and savings associations with assets of $47 million or less as of Dec. 31 are exempt from collecting data in 2020 under Regulation C, the federal consumer financial protection agency Monday in […]
Additional guidance related to disclosing construction and construction-permanent loans under federal lending and real estate disclosure rules was released Wednesday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said it […]
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