Links in “Agencies”
- Auto Lending: CFPB Fires Second Shot Over the Bow
Why the CFPB may have issued a second warning on discrimination in auto lending and what may be coming next. [11/14]
- Zip-pitydoodah: CFPB Goes Final on Homeownership Counseling Selection Methods
High-Cost Mortgage and Homeownership Counseling Amendments for TILA and RESPA go final with homeownership counseling list provided using data made available by the HUD or CFPB based on applicant Zip Code. [11/14]
- OCC Heralds CDFIs (and for Good Measure)
Comptroller's remarks speak to remarkable advantages (i.e., waiver on ability to repay rules) of Community Development Financial Institutions given by OCC in lending as well as rationale for support due to measured impact on low- and moderate-income areas. [11/14]
- FTC Flunks AssertID’s Facebook COPPA Request
Denial by FTC against AssertID method of parental verification via social-graph verification for Childrenâs Online Privacy Protection (COPPA) Rule consent failed on inadequate support for effectiveness. [11/14]
- Homeownership Counseling List Requirements
CFPB's final HOEPA rule includes a requirement to provide mortgage applicants a list of HUD-approved housing counseling agencies. [11/13]
- City of Columbus’ Citizens’ Complaints Cross over to CFPB
CFPB partners with City of Columbus to connect consumers with the CFPB to ask questions and submit complaints about financial products and services. [11/13]
- OCC Publishes Standards for Independent Consultants
The OCC wants its banks to know that they remain the final say on their enforcement orders, not an independent consultant. Moreover, the new standards focus on enforcement orders and related scenarios where a consultant is required, due diligence in selection, guidelines for consultant work plans, contracts and oversight with respect to EOs. [11/13]
- NASCUS Advocates for Small Lender Access to Secondary Mortgage Market
Reading/listening between the lines, it seems clear that NASCUS, which focuses on smaller credit unions, would like more coordination with CFPB given the impact of upcoming mortgage regulations on small CUs. At risk is the secondary mortgage market and access for small CUs. [11/13]
- CFPB Examination Procedures for Remittance Transfers
The final rule went into effect Oct. 28. Are you up to speed? [11/12]
- CFPB Looks to Contain Debt Collection Practices
CFPB poses 162 questions regarding debt collection industry in advance of significant rule making designed to bring debt selling and collection industry into uniformity and less problematic for consumers. [11/12]
