News stories tagged CFPB
Bureau makes final two new QM rules
(Dec. 11, 2020) Two final rules related to “qualified mortgages” (QMs) – one installing a limit on lending based on a loan’s pricing, and the second creating a “seasoned QM”...
New summaries look at corporate, guidance rules
(Dec. 11, 2020) Two new summaries were posted this week by NASCUS, outlining an NCUA final rule on corporate credit unions and an interagency proposal about codifying the use of...
Summary outlines ANPR on financial records access
(Dec. 4, 2020) The CFPB’s proposal to develop a rule on consumer access to financial records has been summarized by NASCUS and is posted on the website; the summary –...
Time to change CFPB privacy forms, GAO finds
(Nov. 25, 2020) Model privacy forms from the CFPB that many credit unions and banks use to disclose their information-sharing practices to their members and customers should be updated, according...
Bureau, others, keep appraisal threshold at same level
(Nov. 20, 2020) 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...
Summary looks at policy on consent order termination
(Nov. 20, 2020) NASCUS has posted a new summary of a “statement of policy” on applications for early termination of consent orders from the CFPB. The summary is available to...
Election results present prospects for changes at top of key agencies
(Nov. 13, 2020) Last week’s election results – in which Democrat (and former vice president) Joseph R. Biden claimed more electoral votes than Republican (and incumbent) President Donald Trump, as...
BRIEFLY: NCUA Board sets Nov. 19 meeting agenda; FL gains a state charter; Fed nominees to get vote; Payment reporting grew for mortgages, fell for credit cards, CFPB report finds
(Nov. 13, 2020) The NCUA Board has scheduled a 2020 budget update and reprogramming, as well as an item on the agency’s rules and regulations, “Capitalization of Interest” as agenda items...
Summary highlights supervisory guidance proposal
(Nov. 13, 2020) NASCUS has posted a new summary of a proposal by federal financial institution regulators – including NCUA and CFPB – aimed at clarifying and codifying the role...
CU, other bureau advisory groups schedule meetings
(Nov. 6, 2020) The CFPB’s Credit Union Advisory Council (CUAC), along with the Consumer Advisory Board (CAB) and the Community Bank Advisory Council (CBAC), are scheduled to meet in a...
Agency sets two webinars in coming weeks
(Nov. 6, 2020) Two webinars – one on fair lending and consumer compliance and another on financial literacy and consumer financial protection for servicemembers – are on the horizon for...
Final debt collection communications rule issued
(Nov. 6, 2020) A final rule focusing on communications between consumers and debt collectors under the Fair Debt Collection Practices Act (FDCPA) was released late last week by the CFPB,...