Links in “CFPB”

The CFPB released a guide for policymakers seeking to improve the K-12 financial education model. The Guide offers tools, information, and insights on how to enhance K-12 financial education. Although the guide was written for policymakers, it is designed to benefit all individuals involved in financial education. [4/8/15]

A panel discussion in New York City featuring several CFPB representatives covered several noteworthy items. For one, the number of examiners in the CFPB's Office of Supervision has roughly doubled in the past year. [4/8/15]

A major emphasis from the Fed Board's watchdog group to the CFPB on employment diversity is the need to improve tracking of workforce data. (Also see Risk Watch 55 for more key takeaways for financial institutions from the Office of Inspector General's report.) [4/7/15]

The CFPB has introduced a new consumer publication that replaces the “Settlement Cost Booklet” or “Special Information Booklet.” Here's what mortgage lenders need to know about it. [4/7/15]

With the CFPB’s crackdown on payday lenders, some in Congress are suggesting that the U.S. Postal system could present an alternative avenue for consumers who need access to short-term cash.  The postal service’s brick and mortar delivery system is an attractive option, but does it really make sense to use a 19^th century business model to serve the “unbanked?” [4/6/15]

The CFPB has recently issued another edition of its Supervisory Highlights  for the period July 2014 through December 2014.  Credit unions should take a moment to review the report as it highlights the areas on focus by the agency’s examiners and discusses the types of problems they found. [4/6/15]

The CFPB's proposal doesn't just make it harder to make short-term, low-dollar loans; it makes collecting them harder, too. Here's a recap of the collection practices rules in the CFPB proposal. [4/6/15]

Since receiving stinging reports of racial disparity, the CFPB has been given an audit from the the Office of Inspector General on how to improve its diversity and inclusion efforts. What can financial institutions learn from the report? [4/3/15]

The CFPB announced the availability of the new RESPA Special Information Booklet now under the title of “Your Home Loan Toolkit: A Step-by-Step Guide." This version of the Booklet incorporates statutory amendments and the Loan Estimate and Closing Disclosure from the Bureau's final rule, Integrated Mortgage Disclosures Under the Real Estate Settlement Procedures Act (Regulation X), and the Truth in Lending Act (Regulation Z) (Integrated Disclosures Final Rule). [4/3/15]

Dodd-Frank explicitly denies the CFPB authority to set usury limits, but the 36% rate trigger for the CFPB's payday loan proposal does just that. [4/3/15]