Links in “CFPB”
- Keep It Secret, Keep It Safe
The CFPB released a bulletin concerning the confidentiality of supervisory information (CSI). The bulletin details definitions, examples and legal restrictions surrounding CSI. [1/28/15]
- Is Financial Education the Key?
The CFPB thinks so, and this is why. [1/28/15]
- Trade Group to DoD: CFPB’s Study on Servicemember Lending Doesn’t Pass Muster
The ABA cries foul in a recently released letter to the Department of Defense about the CFPB's study about the extension of high-cost credit to servicemembers. It alleges the report is incomplete and flawed, and does not meet the bureau's own evidence-based standards. [1/26/15]
- CFPB Beefs Up
The CFPB announced the addition of several new members to leadership positions within the bureau including Assistant Director of Enforcement, Deputy Chief Operating Officer, Northeast Regional Director of Supervision Examination, and Chief Human Capital Officer. [1/26/15]
- CFPB Prepping New Overdraft Rule
It looks like the CFPB is planning to come out with a proposed rule on overdraft protection by summer of this year. It is anticipated that the new rule may include an expansion of opt-out rights to overdrafts created by check and ACH transactions. [1/23/15]
- Piece of Cake? Understanding the CFPBâs Proposed Rule on Prepaid Accounts
The CFPBâs proposed rule on prepaid accounts is more complex and broader in scope than you may realize. Get the facts to determine how the proposed rule may impact your operations before you prepare your comments, which are due by March 23. [1/22/15]
- House Sets Sights on CFPB, Operation Choke Point
The House Financial Services Committee has set forth its plan to closely monitor the activities of the CFPB, the Department of Justice's Operation Choke Point, and more. [1/22/15]
- Prepare for the CFPB… Before It’s Too Late
Emphasized time and time again, the CFPB will not be letting go of expectations for written compliance programs anytime soon. This blog post highlights key insights into creating such a program and preparing for the CFPB. [1/21/15]
- CFPB Emphasizes Consumer Education
A new blog post from the CFPB highlights seven elements that impact the price consumers pay for credit. This is one of many efforts put forth by the CFPB to educate consumers in the lending process. [1/21/15]
- Win-Win Changes from the CFPB
The CFPB has finalized two minor changes to the "Know Before You Owe" mortgage disclosure requirements. Director Richard Cordray emphasizes that these changes will "make it easier for creditors," while also protecting consumers. [1/21/15]
