Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
After nearly three weeks, a final rule extending the threshold for reporting information under the Home Mortgage Disclosure Act (HMDA) to January 2022 for lenders making 500 open-end lines of credit or fewer is ready […]
Information collected, reported, and made public through credit applications made by women-owned, minority-owned and small businesses will be the subject of the federal consumer financial protection agency’s next symposium, set for Nov. 6. The Consumer […]
The Supreme Court’s announcement Friday that it will consider a case challenging the constitutionality of the federal consumer financial protection agency was greeted with praise from financial industry trade groups, who called for a commission, […]
The impact of the transition from one commonly used index for setting interest rates on adjustable-rate consumer loan and other products – primarily residential mortgages – to another, new index is addressed in a “what […]
Preventing harm to consumers is the top priority of the federal consumer financial protection agency, its director told a House committee Wednesday – which the agency does through education, providing “clear rules of the road” […]
The agency charged with consumer financial protection handled approximately 20,600 complaints related to private or federal student loans from Sept. 1, 2017, through Aug. 31, 2019, according to the first student loan ombudsman annual report […]
A taskforce to examine ways to harmonize and modernize federal consumer financial laws is being established by the federal consumer financial protection agency, with the intent, the agency said Friday, of strengthening and improving consumer […]
A two-year extension of a current, temporary threshold suspending the collection and reporting of data about open-end lines of credit for certain mortgage lenders is provided under a rule issued Thursday by the federal consumer […]
Ongoing and future regulatory activities planned regarding small-business loan data collection, the exemption for higher-priced mortgage loan escrows, remittance transfer rules and more at the Consumer Financial Protection Bureau (CFPB) are summarized in a semiannual […]
Senate and House semiannual reviews of the federal consumer financial protection agency are now set for next week, Oct. 16 in the House and Oct. 17 in the Senate. The House Financial Services Committee Wednesday […]
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