Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
Credit cards are making a comeback as consumer use is ramping up – and banks focusing on credit cards are taking advantage, seeing a triple return on their investments, according to the 2017 credit card […]
Changes are coming next month to the final rule on prepaid accounts – in the meantime, the effective date of the rule will be extended, the Consumer Financial Protection Bureau (CFPB) said Thursday. In a short […]
Asset-size thresholds will be raised for exemptions from home mortgage disclosure data collection and requirements to establish escrow accounts for higher-priced mortgage loans under two final rules issued by the Consumer Financial Protection Bureau (CFPB) […]
A federal court is scheduled to hear arguments Friday over why it should (or should not) issue a preliminary injunction declaring the deputy director of the Consumer Financial Protection Bureau (CFPB) the true director of […]
Penalties for errors won’t be assessed for Home Mortgage Disclosure Act (HMDA) data collected in 2018 – and new rulemaking reconsidering aspects of 2015 HMDA reporting rules is coming, the federal consumer protection bureau said […]
A web-based survey under development about debt collection disclosure forms has been withdrawn by the Consumer Financial Protection Bureau (CFPB), according to a posting a federal agency website. The Office of Information and Regulatory Affairs […]
A nearly $2.1 billion budget for 2018 was approved 3-0 Tuesday by the board overseeing the nation’s bank and savings institution insurance fund, a decrease of about 3% from the previous year. The voting included […]
The 2018 operating budget for the insurer of savings in the nation’s banks and savings associations will be under consideration when its board meets Tuesday – which may include a first appearance in that role […]
Financial regulators should continue to ensure that financial institutions have sufficient capital and liquidity to reduce threats to economic and financial shocks, the federal umbrella group for the regulators said in its annual report, released […]
Inquiries about the consumer complaint process of the Consumer Financial Protection Bureau (CFPB) were up in nearly every category this year, the agency’s ombudsman’s office outlined in its annual report released Wednesday, following a trend […]
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