Links in “CFPB”
- Why the CFPB Matters, Even If It’s Not Your Regulator
It's not just big banks that should be paying attention to the CFPB's moves; also, a rare opportunity to hear from Meryl Streep and Anne Hathaway in a compliance blog. [7/12]
- CFPB at Public Field Hearing: Consumers Need Options Against Debt Collectors Who Break the Law
In a field hearing in Maine, CFPB director lays out how consumers can use action letters to communicate with debt collectors and how they can submit a complaint to the CFPB if they believe they are harmed by illegal conduct; CFPB also releases two new bulletins on debt collection practices. [7/12]
- Caveat Lender! CFPB Goes Final on ATR & Foreclosure Protection
CFPB 161-page Final Rule clarifies issues on Ability-to-Repay and Rights in Foreclosure aimed at "facilitating the mortgage industry's compliance." [7/11]
- CFPB: Rounding Up Debt Collectors
Powerful connection to UDAAP makes this must-reading for all direct and indirect Debt Collectors and related Departments/Functions.
Related: FTC issues largest Debt Collection Penalty of $3.2 million. See http://www.ftc.gov/opa/2013/07/nco.shtm [7/10]
- CFPB in Hot Seat Over Consumer Account Information Collection
CFPB's Antonakes faced intensed questioning yesterday from House Subcommittee upset after he denied that the agency collects zip codes for consumer account holders, only to have that statement contradicted by the presentation of a contract between the CFPB and Experian that specifies that the zip code information is being provided to the agency; committee members also concerned about two government watchdog reports that cite deficiencies in the CFPBâs data security program. [7/10]
- Like Checklists? Then You’ll Love CFPB’s Dodd-Frank Readiness Guide
Part II of new guide offers a checklist tool for self-assessment in determining your CUâs progress towards compliance with the new mortgage rules. [7/10]
- Dodd-Frank Readiness Guide Now Available
CFPB issues a Dodd-Frank Mortgage Readiness Guide to assist financial institutions with the new mortgage rules; guide also discusses the review process examiners will use to verify compliance and includes a âreadiness questionnaire.â [7/9]
- CFPB’s Wish List
In case you didn't know the CFPB plans on being busy in 2013 and beyond. Check out their Proposals in various stages. Highlights include new HMDA, Privacy, Debt Collection and a whole lot more. [7/9]
- In CFPB’s Crosshairs: Debt Collection and Payday Lending
Among other items on CFPB's docket: consumer outreach and research on debt collection issues and payday lending. [7/8]
- New Combined Mortgage Disclosures Expected in the Fall
CFPB announces that new combined TILA/RESPA disclosure rule should be issued this fall; however, the CFPB notes that the implementation date would likely not be until sometime after the other new mortgage rules take effect in January 2014. [7/8]
