Links in “CFPB”

Protections sought for military families through Military Lending Act that will see payday lenders having to conform to limits on interest rates (36%), rollovers, rights protection and limits on allotment system for repayment. [9/18]

CUNA has added a CFPB Mortgage Rules page to the Compliance Resource section of its website. This new resource consolidates a host of information ad tools to assist with compliance with the new mortgage rules and includes eGuides, archived webinars, and Q&As. [9/17]

Rather than abandoning lucrative credit card add-on services after receiving hefty fines from the CFPB, certain lenders are coming back with variations on the theme in an effort to test how much wiggle room there is with regulators. [9/17]

In the CFPB's semi-annual report, Director Cordray is questioned by committee members on a wide range of topics, from its data-collection efforts to its expenditures. [9/16]

Questioner asks if CFPB affects loans for business purposes and not on a primary residence. Here is the response. [9/16]

Key topics covered include substantial servicing requirements including delinquency handling, loss-mitigation application handling, forebearance plans and error resolution. Finalized definitions of rural/underserved, small creditor provided. Requirements on financing of credit insurance premiums noted. Ongoing pressure on January 2014 builds. [9/16]

CFPB issues warning and guidance on payroll card usage and consumer protections. EFTA impact presented for FI handling. [9/13]

CFPB's Cordray indicates that the CFPB is assessing how the ability-to-pay model might be applied beyond mortgages and credit cards. [9/13]

While regulatory reform is an area of contention in Washington, survey finds that the electorate overwhelming favors it as well as the CFPB. [9/13]

Agency warns banks and other companies that payroll cards can be an option, but cannot be forced on employees. [9/13]