Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
Legislation removing 2013 guidance issued by the federal consumer financial protection agency – which was later deemed a “rule” by a congressional watchdog agency – was signed into law Monday by President Donald Trump in […]
The Bureau of Consumer Financial Protection (BCFP) issued a clarification on the use for its records systems and modified the list of routine uses of records maintained in each system in a notice published Monday […]
The “payday lending rule” issued by the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) last year stands in place for now, as a deadline passed this week for Congress to take […]
Combatting elder financial exploitation will be the focus of a June 8 public town hall in Topeka, Kansas, and will feature remarks by Bureau of Consumer Financial Protection (BCFP) Acting Director Mick Mulvaney, the agency […]
The Bureau of Consumer Financial Protection (BCFP) is moving to eliminate two records systems – the Judicial and Administrative Filings Collection and Interstate Land Sales Registration Files. Notices are scheduled to publish in the Federal […]
A study conducted in 2016 showed that “encouraged shopping” – the additional shopping prompted by encouraging borrowers to shop – increases consumers’ knowledge about and confidence in their ability to deal with mortgage-related issues, the […]
At least 400 comment letters had been posted by Monday’s deadline for the third “request for information” (RFI) issued by the federal consumer financial protection agency on its “enforcement processes.” Of those, the overwhelming majority […]
Hearings, meetings and a Federal Reserve Board member’s speech are among the events on tap for the federal financial institution regulators’ public calendar next week, on subjects ranging from “customer due diligence” to Community Reinvestment […]
Six regulatory actions – including those proposed on “overdraft services” – have been moved to the “inactive list” the Bureau of Consumer Financial Protection (BCFP) notes in its spring 2018 rulemaking agenda released Thursday. “The […]
A final rule removing a timing restriction for mortgage closing disclosures – referred to within the industry as a TILA/RESPA “black hole” – that could prevent a lender from charging otherwise valid closing cost increases is set […]
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