Links in “CFPB”
- Consumer Complaint Database Expands
CFPB announces an expansion of the database to include credit reports and money transfers; complaints now also categorized by state. [6/3]
- FTC and CFPB to Shed Light on Debt Collection
All day (June 6, 2013) seminar on Debt Collection practices will be streamed online for registered attendees. A must-attend for debt collection departments. [5/29]
- The CFPB’s Powerful Tool Keeps Building
The Complaint data is now searchable by state with Credit reporting and money transfer complaints added as a bonus. [5/31]
- CFPB Delays Effective Date for Rule Concerning Lump Sum Credit Insurance Premiums
The CFPB has delayed the effective date from June 1, 2013 to January 14, 2014 for a new rule so that it can further clarify issues related to lump-sum credit insurance payments for certain mortgage loans. Â [5/31]
- CFPB Delays Implementation of Single-Premium Insurance Prohibition
Confusion over the final rule, originally scheduled to be implemented June 1, 2013, leads agency to push the implementation date back to January 2014 and analyze issue further. [5/31]
- House Dems Put Auto Lending Enforcement Heat on CFPB
House committee presses agency for more info about its enforcement options against auto lenders that consistently give higher dealer markups to minority borrowers. [5/31]
- Does Your CU Qualify for Exemption from Mortgage Ability-to-Pay Rule?
CFPB issues final rule establishing an exemption for small CUs from mortgage ability-to-pay provisions; rule also finalizes provisions dealing with the prohibition against financing certain insurance provisions for mortgage loans. [5/30]
- Prohibition Delayed
CFPB delays amendment prohibiting creditors from financing certain credit insurance premiums in connection with certain mortgage loans until January 2014. [5/29]
- Ability to Repay Gets CFPB Smoothification
The nearly 300 pages of Addendum may bring into possible doubt CFPB's stated commitment to "working with industry and consumers for a smooth transition to the new rules." [5/30]
- Recapping CFPB’s Credit Card Rule Amendments for Stay-at-Home Spouses
The four key takeaways from the 86-page final rule. [5/29]





