Proposed changes released in May to set the coverage threshold for home loan data reporting at either 50 or 100 closed-end mortgage loans, in either of the two preceding years, and set the threshold for […]
The Bureau of Consumer Financial Protection (Bureau) has extended the comment period on this proposal (previously set for Aug. 19). The bureau proposes to amend Regulation F, 12 CFR part 1006, which implements the Fair […]
Input on a consumer bureau advance notice of proposed rulemaking (ANPR) on potential changes to the definition of “qualified mortgage” (QM) in light of the planned expiration of a temporary QM category for agency loans […]
Title: Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z) Subject: Qualified mortgage Agency: CFPB Status: ANPR Summary: With certain exceptions, Regulation Z requires creditors to make a reasonable, good faith determination of […]
The federal agency charged with consumer financial protection on Thursday issued an advance notice of proposed rulemaking (ANPR) that asks, among other things, whether a direct measure of a consumer’s personal finances – such as […]
Clear communication from the Consumer Financial Protection Bureau (CFPB) and the federal banking regulators on appropriate use of alternative data in the underwriting process would bring fintech lenders greater certainty about their compliance with fair […]
In an unusual proposal, five debt collectors will settle a complaint with the federal consumer financial protection bureau by agreeing to be banned from the industry and pay fines and redress of $60 million. But […]
A council of federal financial regulatory inspectors general created in the aftermath of the financial crisis identifies seven “top management and performance challenges” facing their respective regulatory organizations – including ongoing challenges related to cyber […]
Highlights of panel discussions and key themes arising during a day-long symposium held last September on how to help “credit-invisible” consumers gain access to credit was published Friday by the Consumer Financial Protection Bureau (CFPB). […]
Up to $700 million in monetary relief and penalties would be provided in a settlement between credit reporting agency Equifax and the federal consumer financial protection agency and other federal and state agencies, the groups […]
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