Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
An update to the filing instructions guide (FIG) for data collected in 2021 and reported in 2022 under the Home Mortgage Disclosure Act (HMDA) was announced Monday by the Consumer Financial Protection Bureau (CFPB). The […]
Misleading statements about what customers in an auto payment program would pay have earned the Florida company that ran the program and its owner a settlement with the consumer financial protection agency over charges of […]
Two owners of a now-dissolved Illinois firm that promised to provide student-loan relief and credit repair services were sued Friday by the federal consumer financial protection bureau, which charged them with violating federal consumer law […]
Dollar thresholds for transactions exempt from consumer credit and lease rules will remain unchanged at $58,300 in 2021, the Federal Reserve and Consumer Financial Protection Bureau (CFPB) announced Tuesday. The exemptions are provided under Regulation […]
The threshold for exempting loans from special appraisal requirements applied to higher-priced mortgage loans under the Truth in Lending Act will remain at $27,200 in 2021, unchanged from this year’s threshold, according to an announcement […]
The date of the issuance of a controversial final rule on small business lending data collection and reporting is “to be determined,” but it will be well into the administration of the new president and […]
In an effort to generate more comments by Dec. 1 on its request for information (RFI) on equal credit opportunity, the federal consumer financial protection agency is focusing on “limited English proficient” consumers and how […]
A Senate vote on confirmation of the president’s nomination of Judy Shelton to a seat on the Federal Reserve Board could come as early as Tuesday or Wednesday, with approval of the controversial figure considered […]
Financial statements were reliable and controls over financial reporting were effective in 2020 for the federal consumer financial protection agency, according to a report issued Monday by the congressional watchdog. In its annual review of […]
The federal consumer financial protection bureau will join with the Colorado attorney general Dec. 2 in offering joint, virtual “office hours” which the two groups said they hope will be beneficial to financial innovators. In […]
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