Links in “CFPB”
- 16 Trade Associations Lend Support to TRID Hold-Harmless Bill
A bill that would provide a hold-harmless period through the end of the year for the CFPB's TILA-RESPA integrated disclosures regulation receives the support of 16 trade associations, including those from both the banking and credit union industries. [5/7/15]
- CFPB, DOD Threaten Small Dollar Loans
According to NCUA Chair Debbie Matz, new regulations proposed by the CFPB and Department of Defense could put at risk credit unionsâ ability to offer members small, reasonably priced loans as alternatives to payday loans. The DOD proposal, for example, would cap the loan rate at 36% including fees, which would cause many credit union loan rates to exceed the cap. [5/7/15]
- Are You Wearing a Cloak of Invisibility?
- Changes Are Ahead for Servicemembers’ Payday Lending Options
Recent regulatory proposals from the Defense Department and the CFPB may cause significant changes to payday lending options available to military members through credit unions. [5/6/15]
- Challenge to CFPB’s Constitutionality Fails
A divided D.C. Circuit Court affirms the dismissals of a lawsuit challenging the constitutionality of the CFPB on technical grounds. [5/5/15]
- Is Anybody Safe from the CFPB?
The CFPB has taken action against a land-development company, International Land Consultants, Inc. for misrepresenting marketing material to consumers regarding the state of the roads it was developing. [5/4/15]
- CFPB Shuts Out Congressman from Committee Meeting; Congressman Responds with Open Meeting Bill
The CFPB denied a request of Congressman Sean Duffy to attend its Consumer Advisory Committee meeting. In response, the Congressman introduced a bill, the Bureau Advisory Transparency Act, which would open all the CFPB's advisory committees to the public. [5/4/15]
- What Cordray Missed: Payday Lending Rules Would Kill Payday Lenders
CFPB Director Cordray made his opening remarks to a room of payday lenders, then left. The rest of the session featured a succession of payday lenders trying to convey to CFPB officials that its proposed rules would wipe out their industry. [5/1/15]
- What’s in the CFPB’s Fair Lending Report?
Here's a breakdown of what's in the CFPB's recent report of its 2014 fair lending activities, which resulted in $224 million in remediation. [4/30/15]
- More than a Slap on the Wrist for Regions Bank
Regions Bank was charged $7.5 million by the CFPB for illegally charging overdraft fees to consumers who had not opted-in for such coverage. This is the first time the CFPB is taking enforcement actions against an institution under the rules that prohibit fees to be charged under such conditions. [4/29/15]
