Links in “Agencies”
- CFPB to Private Student Loan Lenders: Expand Refinancings
CFPB's leadership met with private student loan lenders last week to encourage them to do more to expand refinancing opportunities for troubled student loan borrowers. [1/14]
- House Committee Holds Hearing Today on QM Rule
House Financial Services Committee will hold hearing on how prospective and current homeowners may be harmed by the CFPB's Qualified Mortgage Rule. [1/14]
- 23,000 HAMP Modifications in November
U.S. Treasury reports 23,000 permanent loan modifications were completed under the Home Affordable Modification Program, bringing the total since the start of the program to 1.3 million. [1/14]
- NCUA Promotes Webinar on Serving Low-Income Members
The webinar, scheduled for 1/15/2014, covers topics that might be of interest to all financial institutions, including banks (CRA elements). Focus to be on second-chance loans and checking accounts, alternatives to payday loans, and value-added partnerships with municipalities and community service organizations. [1/14]
- Debt Collection Proposal Commentary Extended
CFPB gives two more weeks (2/28/2014) for commentary from interested persons. Extension also includes promotion of website for interactive commentary on new developments (www.regulationroom.org). [1/14]
- Interest Rate Risk Among Top Areas of NCUA Focus for 2014
Other areas the agency announces it will focus on in 2014 include cybersecurity threats, money services businesses, and private student lending. [1/13]
- CFPB Touts New Rules Launch
Regulatory agencies seem hesitant to add any new regulations as they promote the roll-out of 2014's mortgage rules. Cordray's remarks promote benefits to consumers as we go back to basics. Wonder how FIs see those basics? [1/13]
- CFPB Revised Key Mortgage Disclosures
CFPB revises HELOC Brochure, CHARM Booklet and Settlement Cost Booklet to meet upcoming changes in mortgage origination and servicing rules. FIs may use new booklets now or wait to exhaust old supplies, within reason. [1/10]
- FTC Delivers Strong What-Not-to-Do in Marketing
Ongoing regulatory battle against deceptive marketing includes latest FTC efforts against 10 dealerships for deceptive marketing practices. Review of complaints will provide marketing personnel insights into what not to do. [1/10]
- Cordray: CFPB is Not Anti-Free Market
CFPB enforcement is "not anti-free market â it's fairness," Cordray says in an interview on The Daily Show with Jon Stewart. [1/10]
