News stories tagged CFPB

HMDA data leads to new report on manufactured housing

(May 28, 2021) Consumers borrowing to buy manufactured homes face higher interest rates, and ultimately barriers to credit through limited refinancing options, CFPB contends in a report released Thursday, which...

Agencies offer more time to comment on AI

(May 21, 2021) An extension to July 1 for the deadline to comment on how credit unions and banks use artificial intelligence (AI) in their activities was announced this week...

Summary outlines compliance date for QM rule

(May 21, 2021) The CFPB’s final rule to delay the compliance date for its new “qualified mortgage” (QM) rule to Oct. 1, 2022 has been summarized by NASCUS and posted...

BRIEFLY: In a first for states, OH achieves four-way accreditation; OCC to reconsider last year’s CRA rule; TRID FAQs updated for housing assistance, BUILD Act lending

(May 21, 2021) Congratulations to the Ohio Department of Commerce/Division of Financial Institutions to be the first state supervisory authority to become accredited under all four accreditation programs: credit union...

Agencies warn on evictions (court: not so fast)

(May 7, 2021) Apartment landlords were put on notice this week by the CFPB that federal protections are in place to keep tenants from being evicted, at least for the...

Summary tackles proposed delay on debt collection rules

(April 30, 2021) The proposed delayed compliance dates for two debt collection rules from CFPB issued under the Fair Debt Collection Practices Act (FDCPA) has been summarized by NASCUS and...

Minority counties submitted more consumer complaints

(April 30, 2021) More complaints – particularly about credit or consumer reporting — were received in 2019 and 2020, on a per capita basis, from consumers living in predominantly minority...

Bureau moves QM final rule compliance date to Oct. ‘22

(April 30, 2021) Compliance with a final rule on “qualified mortgages” (QM) is delayed to Oct. 1, 2022, the CFPB said this week, asserting that the pause would allow lenders...

Summary outlines proposal on preventing foreclosures

(April 23, 2021) The set of proposed rules proposed earlier this month by the CFPB aimed at preventing “avoidable foreclosures” as the emergency federal foreclosure protections expire is the focus...

Rule gives evictees power to sue debt collectors

(April 23, 2021) In a follow-up to its action last week essentially freezing foreclosures until year’s end, the CFPB this week issued an interim final rule stating that tenants can...

Summary looks at info request on use of AI

(April 16, 2021) A request for information (RFI) about how credit unions and banks use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting,...

CFPB’s bulletin on foreclosure expectations outlined

(April 16, 2021) In another summary prepared this week, NASCUS outlines a bulletin issued by the bureau April 6 detailing its expectations for mortgage servicers’ engagement with borrowers in the...