Links in “CFPB”

In response to requests from congress, Cordray responds in a letter that the CFPB is examining possible discrimination beyond the housing and auto finance market. [6/25]

Testifies that community bank lenders who retain the full risk of a borrower’s default should be presumed to have determined a borrower’s ability to repay. [6/24]

Asks for rationale for on fair lending guidelines for auto lenders over concerns that they may weaken competition by limiting consumer's ability to negotiate with the dealer to obtain lowest financing terms. [6/24]

Credit unions have been anxiously waiting for the last of the new mortgage rules to be issued; however, CFPB Director says that the Bureau is still reviewing industry comments about the effect that the combined TILA/RESPA disclosures will have on loan closings. [6/20]

300 new hires this year, 300+ to come in 2014; 40% heading to division of Supervision, Enforcement, and Fair Lending. [6/19]

Partnership with City of Boston is likely the first of many to come. How strong is your complaint response and resolution system? [6/19]

Section 5 looks at linking checking accounts to savings accounts and Reg. D issues. [6/17]

CFPB consolidates all of its implementation material for the new mortgage rules on a new Regulatory Implementation Page; site incldes compliance guides, educational videos, and quick reference guides. [6/14]

Seven segments include such guidance on common types of elder financial exploitation, scams targeting veterans and homeowners, medical identity theft and more. [6/14]

Joint FDIC and CFPB publication seeks to promote practical knowledge to reduce financial abuse of elderly. Promotion by FIs encouraged. [6/12]