Links in “CFPB”
- CFPB Focuses on Checking Account Screening
The CFPB held a forum yesterday to gather information on the methods used by financial institutions to screen applicants for checking accounts. The CFPB is concerned that inaccurate information may prevent some consumers from being able to access this vital service. [10/9/14]
- CFPB Leads Discussion on Checking Account Access
CFPB Director Richard Cordray led a discussion related to access to checking accounts and how consumers are affected. A full overview of the forum is available here, and a video recording will soon be provided as well. [10/9/14]
- CFPB’s Third Verbal Q&A on New Loan Estimate Disclosures
Despite industry calls for a written Q&A, CFPB proceeds with its plan for only spoken Q&As on the new TILA-RESPA integrated disclosure rules. The third in the series addressed more than 30 technical questions. Here is a recap. In writing. [10/8/14]
- Inspector General: CFPB Rulemaking Process Just Fine
While many in the banking industry would disagree, the Office of the Inspector General has found the CFPB's rulemaking process mostly compliant, with relatively minor criticisms. [10/8/14]
- Something to Say about CFPB’s Proposed Changes?
Sixty-one days remain in the comment period for the CFPB's proposed rule to redefine and regulate larger participants within the automobile financing industry. The authority for such a change was granted as part of the Dodd-Frank Act. [10/8/14]
- FDIC, CFPB Seek to Protect Older Spanish-Speaking Adults
The FDIC and CFPB have teamed up to create a Spanish version of "Money Smart for Older Adults." This tool is designed to help older adults identify, respond to, and prevent financial exploitation. [10/8/14]
- TILA-RESPA Webinar Recap
Did you miss the CFPBâs most recent TILA-RESPA webinar? Lucky for you, a list of questions and answers has been prepared to summarize the webinar. [10/7/14]
- How Retroactive Are the New Mortgage Servicing Rules?
In Flagstar Bank's case, the CFPB effectively enforced certain loss-mitigation requirements of the new mortgage servicing rules for violations that occurred before the effective date using its UDAAP enforcement authority. [10/7/14]
- H&R Block Helps CFPB Help Consumers
H&R Block has agreed to help the CFPB in a pilot study related to tax-time saving. The CFPB wishes to educate consumers on the benefits of saving a portion of tax returns to improve long-term financial stability. [10/3/14]
- CFPB Signals Possible Initiatives on Mobile Homes
The Bureau released a white paper finding that manufactured home owners typically pay higher interest rates for their loans than site-built borrowers. Look for more data collection via HMDA and more efforts to protect mobile homeowners. [10/2/14]
