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Results 1 - 10 of 2399 |
Posted Date: Tuesday, September 21, 2021
President Joe Biden has nominated a privacy advocate from Georgetown University’s law school to take Rohit Chopra’s seat on the Federal Trade Commission (FTC). This nomination comes at a time when the FTC has been critiqued for not doing enough to protect consumers’ data.
FTC Chair Lina Khan, also a Biden appointee, congratulated the new nominee, as did the American Economic Liberties Project.
Read on for more details. Read on »
Posted Date: Tuesday, September 14, 2021
After more than three years since originally filed, the case against the Consumer Financial Protection Bureau regarding its 2017 payday lending rule has ended in the U.S. District Court for the Western District of Texas.
U.S. District Judge Lee Yeakel issued an order finding in favor of the bureau, but not without giving some leeway to the plaintiff associations.
Read on for more details. Read on »
Posted Date: Tuesday, September 14, 2021
Consumer Financial Protection Bureau acting Director Dave Uejio discussed small businesses and the bureau’s proposed rule on gathering data on those seeking loans.
“We are taking the next step toward gathering critical data that is necessary to shine a spotlight on small-business lending,” Uejio said. “This data will be used to support business and community development and foster fair lending.”
For more details, read on. Read on »
Posted Date: Tuesday, September 7, 2021
The Consumer Financial Protection Bureau has issued a notice of proposed rulemaking on the data collection rule mandated by Section 1071 of the Dodd-Frank Act.
The rule would require lenders to disclose information about their lending to small businesses, such as the amount and type of small-business credit applied for and extended, demographic information about small-business credit applicants, and key elements of the price of the credit offered.
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Posted Date: Tuesday, August 31, 2021
The Consumer Financial Protection Bureau released a Home Mortgage Disclosure Act data report on residential mortgage lending trends in 2020.
The report is meant to assist the bureau in determining whether financial institutions are serving the housing credit needs of their local communities; facilitate public entities’ distribution of funds to local communities to attract private investment; and help identify possible discriminatory lending patterns and enforce anti-discrimination statutes.
Read on for more details. Read on »
Posted Date: Monday, August 16, 2021
In light of the new federal holiday instituted on June 19, 2021, (Juneteenth), the Consumer Financial Protection Bureau has issued an interpretive rule on the mortgage and disclosure timing requirements.
The rule will assist the industry in determining whether to treat Juneteenth as a federal holiday or a business day for purposes of compliance with certain time-sensitive borrower protections.
Read on for more details. Read on »
Posted Date: Monday, August 16, 2021
The Consumer Financial Protection Bureau published a report detailing the COVID-19 pandemic response of 16 large mortgage servicers. The report showed a widely varied response across the industry.
The bureau used supervisory data that included call center data and delinquency data as borrowers exited forbearance plans, or of those borrowers who did not request a forbearance.
Read on for more details. Read on »
Posted Date: Wednesday, August 11, 2021
Dodd Frank Update and October Research, LLC produced a discussion between Richard Horn and Joshua Weinberg. The two focused on the leadership shift at the Consumer Financial Protection Bureau and what the industry can expect when it comes to regulatory oversight.
Stewart sponsored the complimentary webinar, with its Group President, Agency Operations Tara Smith moderating.
Read on for more on why you should check out this hour-long presentation. Read on »
Posted Date: Wednesday, August 11, 2021
The Consumer Financial Protection Bureau confirmed the effective date for the two final debt collection rules under the Fair Debt Collection Practices Act issued in the second half of 2020. The decision is the result of a notice of proposed rulemaking in April 2021.
Read on for more details. Read on »
Posted Date: Tuesday, August 10, 2021
House Financial Services Committee Member Blaine Luetkemeyer (R-Mo.) introduced a bill that would change the leadership structure of the Consumer Financial Protection Bureau from a single director to a five-person, bipartisan commission.
“My bill provides increased accountability and transparency so the American people can trust the CFPB to do its job without political motivation,” Luetkemeyer said.
Read on for more details. Read on »
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