Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
Increases in the asset sizes of financial institutions exempt from home mortgage data reporting and from establishing escrows for higher-cost mortgage loans are set to take effect Jan. 1 under final rules of the Consumer […]
A single-payment and installment consumer loan provider based in Oakland, Calif., is barred from providing any new loans or collecting on certain outstanding loans under provisions of an agreement made public Tuesday by the federal […]
Landlords and mortgage servicers with military servicemembers and veterans as tenants and clients were put on notice about housing protections in letters sent Monday by the federal consumer financial protection and top federal law enforcement […]
Concern about accumulating debt, regulatory arbitrage, data harvesting, and other components associated with “buy now, pay later” (BNPL) plans has led the federal consumer financial protection agency to open an inquiry into the quickly expanding […]
Six regulatory activities in 2022 by the federal consumer financial protection agency have been identified by the agency as “key” actions, according to a rulemaking the agency released Monday. The Consumer Financial Protection Bureau (CFPB) […]
The board of the Federal Deposit Insurance Corp. (FDIC) may or may not have approved issuance of a request for information (RFI) on bank merger rules, regulations, guidance and policy statements, according to what appear […]
Asserting that it found “wide-ranging violations of law in 2021,” the federal consumer financial protection agency Wednesday issued a report that claimed “irresponsible or mismanaged firms” harmed Americans during the coronavirus crisis. In a release, […]
Creditors must select replacement indices for existing LIBOR-linked consumer loans after April 1, 2022, a final rule issued Tuesday by the federal consumer financial protection agency states, which includes closed- and open-end credit provisions that […]
One new section and updates to three sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual were released Wednesday by the umbrella Federal Financial Institutions Examination Council (FFIEC), which includes federal and state financial […]
Three of the nation’s largest banks brought in more than two of every five dollars charged in overdraft fees in 2019, while smaller financial institutions – which charged less on average – were also heavily […]
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