Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
The payday lending rule’s effective date of Aug. 19, 2019, has been stayed by a federal court in light of a decision by the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) […]
Success in taking over the House of Representatives as a result of Tuesday’s elections will likely mean the beginning of new scrutiny by the Democrats for regulators’ proposals already issued, and for those ahead. The […]
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 […]
A compliance guide for small-entity compliance with the Home Mortgage Disclosure Act (HMDA) was updated for changes due to this year’s regulatory relief law and issued Tuesday by the Bureau of Consumer Financial Protection (BCFP, […]
As many as 13 deregulatory actions by federal financial institution regulators – including five by the credit union regulator – have been adopted or are in progress during the administration of President Donald Trump, according […]
When the federal consumer financial protection agency announced Friday that it would issue a proposal to ‘reconsider’ its payday lending regulation, it signaled yet a new chapter for a final rule that was issued more […]
A report to Congress issued Friday on the effectiveness of the consumer financial protection bureau’s remittance rule shows that while money services businesses (MSBs) conduct the lion’s share of consumer remittances – 95.6% of them […]
Tax time represents a unique opportunity for many consumers, particularly those with lower incomes, to make decisions about saving all or some of their tax refund to improve their financial standing, a new paper released […]
Proposed rules that will “reconsider” its rules regarding payday lending are expected to be issued in January, the federal consumer financial protection agency said Friday. In a statement, the Bureau of Consumer Financial Protection (BCFP, […]
Improperly seizing money from consumers during check-cashing transactions earned a Tennessee company a $200,000 penalty and an order to pay restitution of $32,000, the federal consumer financial protection bureau said Wednesday. In a release, the […]
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