Links in “CFPB”
- CFPB Requests Comments Regarding HMDA Information Collection
HMDA requires collection and reporting of information about mortgage loan originations and purchases. Information collection helps CFPB determine whether institutions are complying with HMDA's various provisions. CFPB has invited comments regarding the utility and burden of information collection. [11/10/15]
- CFPB Job Posting Signals Greater Attention to Business Lending
The CFPB is advertising a position with the title "Assistant Director for Small Business Lending Markets," a signal that the bureau may be stepping up its efforts to implement the small business lending data requirements of Dodd-Frank. [11/10/15]
- CFPB v. PHH: RESPA Round Three
The CFPB hits PHH Corp. for $109 million for its RESPA violations. An administrative law judge took that number down to $6.4 million this summer. The CFPB isn't giving up so easily and is overruling the recommendation. The case is controversial because it calls into question the legality of market services agreements. [11/10/15]
- Regulatory Agencies Propose Standards for Addressing Diversity Policies
The OCC, FDIC, CFPB and SEC have submitted a request for approval of a proposal that would call for financial institutions to make public their efforts to ensure the institution's diversity and inclusion in its workforce and procurement activities. [11/9/15]
- Cordray Uses Veterans Day to Call Attention to CFPB’s Servicemember Protection Efforts
CFPB's director says the bureau cares "deeply about protecting veterans and their families in the consumer financial marketplace." [11/9/15]
- CFPB Circling Minnesota Bank Over Overdraft Fees
$20 billion TCF Financial of Minnesota disclosed that the CFPB is looking into the opt-in practices associated with the company's checking account overdraft program. [11/6/15]
- Smart Phones May Be the Key to Banking Unbanked
The CFPB report highlights that 44% of unbanked individuals have smart phones. Mobile banking may be the key to banking them. [11/5/15]
- CFPB Makes Another Power Grab
Now the CFPB is extending its reach to include a college accrediting organization. [11/5/15]
- Complaint Report Highlights Credit Card Concerns
The CFPB released its monthly Complaint Report for the month of October. Credit card complaints are seemingly increasing, which may lead to increased CFPB scrutiny of related regulatory violations and unfair, deceptive, or abusive practices. [11/4/15]
- Vendetta Against Servicers Cooling?
Servicers have long been at the top of the CFPB's hit list. But the latest supervisory report contains signals that that may be changing. [11/4/15]
