Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
The two assessments released last week of the Consumer Financial Protection Bureau’s (CFPB) 2013 rules on mortgage lending and servicing were performed using a variety of data collected over the previous two years by the […]
The U.S. Supreme Court on Monday declined to review a Texas bank’s claim that the Consumer Financial Protection Bureau (CFPB) is unconstitutional. Supreme Court Justice Brett Kavanaugh, who as a D.C. Circuit court judge opined […]
Just minutes after the powerful chairwoman of a House committee overseeing their agencies issued a letter to them, the five federal financial institution regulators issued a joint statement encouraging financial institutions to work with consumers affected […]
All federal financial institution regulatory agency leaders are being urged to “consider the needs of consumers who may be experiencing temporary financial hardship in meeting credit obligations as a result of the Trump shutdown” by […]
Assessments of two Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) rules issued under the 2010 financial reform law focusing on home loan affordability and servicing were announced Thursday by the […]
Payments of $337 million to fund the Consumer Financial Protection Bureau (CFPB), and about $65.4 billion to the U.S. Treasury, were provided by the 12 Federal Reserve Banks last year, according to preliminary results issued […]
Title: Fair Credit Reporting Act Disclosures Subject: FCRA Agency: CFPB Status: Final rule Summary: The bureau is amending Regulation V, which implements the Fair Credit Reporting Act (FCRA), to add a section establishing a maximum […]
Consumer reporting agencies will be able to charge up to $12.50 to provide a consumer with his or her credit report in 2019 under a rule change signed Dec. 21 by Consumer Financial Protection Bureau […]
Asset-size thresholds for institutions exempt from home mortgage data collection and from a requirement to establish new escrow accounts for certain high-cost mortgages were signed by the new director of the consumer financial protection agency in […]
USAA Federal Savings Bank – one of the largest financial institutions serving active and retired members of the military, and their families – will pay $12 million in restitution and a $3.5 million civil money penalty (CMP) […]
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