Dollar thresholds have been set at $57,200 for determining exempt consumer credit and lease transactions in 2019, the Federal Reserve and the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) said in […]
Mortgage loans that are “higher-priced” under federal mortgage rules and that don’t exceed $26,700 will be exempt from federal appraisal requirements in 2019, federal banking and consumer protection agencies said in an announcement Wednesday. The […]
A company that sold a gap insurance product as an add-on to its auto loan products will pay restitution and a civil money penalty over deceptive practices in its product marketing and misrepresentation of the […]
A statutory requirement for inflation adjustments every five years of the funds-availability amounts under the Electronic Funds Availability (EFA) Act would be implemented for the first time under a proposal issued Tuesday by regulators. Issued […]
Three advisory councils representing consumer and community development interests, community banks, and credit unions will meet simultaneously Dec. 6 by conference call to discuss artificial intelligence in consumer financial services and consumer access to financial […]
The Senate will consider the confirmation of a permanent director for the federal consumer financial protection agency within the next couple of weeks under unanimous consent, the Senate leader’s schedule shows. Exact timing is unclear; […]
Consumer demand for small dollar lending products at federally insured banks and savings associations is one of the topics being sought for comment in a “request for information” (RFI) from the public issued by the […]
Confirmation of a nominee to the Federal Reserve Board of Governors, congressional testimony (on both sides of the Capitol) by an incumbent member of the same board, and a meeting of the federal credit union […]
A new loan-level dataset that provides insights into borrowers’ experiences in getting residential mortgages was released Thursday for public use by the consumer financial protection bureau and the federal regulator of the housing government-sponsored enterprises. […]
The federal consumer financial protection bureau has updated some of its financial education content to provide K-12 educators new, free resources to help students develop financial knowledge, skills and habits, according to a blog post […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info