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Posted Date: Tuesday, June 14, 2016
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The Consumer Financial Protection Bureau released an auto loan shopping toolkit as a part of its Know Before You Owe consumer financial education initiative. The tool was informed by findings from focus groups and complaints within the bureau’s consumer complaint database. Read the report in Dodd Frank Update ’s Library.
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Posted Date: Friday, May 6, 2016
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Before issuing a proposed rulemaking on arbitration, the Consumer Financial Protection Bureau was required to conduct a small business panel under the Small Business Regulatory Enforcement Fairness Act (SBREFA). Here is their final report.
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Posted Date: Friday, April 29, 2016
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In a letter dated April 28, 2016, to the mortgage, banking and real estate industries, Consumer Financial Protection Bureau Director Richard Cordray stated that there are parts of the TILA-RESPA Integrated Disclosure (TRID) rule where adjustments can be made for “greater certainty and clarity.” Dodd Frank Update ’s Library has the letter for you to read for yourself.
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Posted Date: Friday, April 29, 2016
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The Consumer Financial Protection Bureau has released a prototype of its Payback Playbook, a set of disclosures that are meant to improve communications between student loan servicers and borrowers and to help borrowers select a repayment plan that best suits their circumstances. The Department of Education is planning to implement this disclosure later this year after the CFPB receives feedback. Dodd Frank Update has the prototype in its Library for you to review.
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Posted Date: Monday, January 11, 2016
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In response to a letter sent by the American Bankers Association in October 2013, the Commodity Futures Trading Commission has issued a no-action letter granting enforcement relief for certain banking holding companies and savings and loan holding companies from its swap clearing requirements.
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Posted Date: Tuesday, December 29, 2015
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The Federal Housing Finance Agency released its 2016 Scorecard for Fannie Mae and Freddie Mac. The Scorecard sets specific priorities for the two companies while they remain in conservatorship.
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Posted Date: Friday, October 9, 2015
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The Office of the Comptroller of the Currency has released its supervisory priorities for fiscal year 2016. Get the report here.
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Posted Date: Wednesday, June 3, 2015
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In a letter to Sens. Joe Donnelly (D-Ind.) and Tim Scott (R-S.C.), Consumer Financial Protection Bureau Director Richard Cordray stated that the bureau will be sensitive to industry participants who make a good-faith effort to comply with the TILA-RESPA Integrated Disclosure rule.
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Posted Date: Tuesday, March 10, 2015
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Under revisions of the House Financial Services Committee's oversight rules, Chairman Rep. Jeb Hensarling, R-Texas, has the unilateral power to issue subpoenas for information. Ranking Member Rep. Maxine Waters, D-Calif., has expressed concerns of possible abuse in a letter.
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Posted Date: Tuesday, January 20, 2015
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The Independent Community Bankers of America highlighted its regulatory relief platform for the 114th Congress in its “Plan for Prosperity.” With the goal of reducing regulatory burdens on community banks, the group will focus on raising capital, mortgage lending, and reforming the bank examination process, among other recommendations. Click the link below to read the Plan.
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Monthly Newsletter |
Cover Story:
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