Links in “CFPB”

The CFPB released a 19-page report addressing the rising mortgage debt for older Americans. The Bureau recommends making mortgage payoff dates a part of retirement plans, avoiding long-term loans that could impact retirement, and considering post-retirement income and expenses. [5/8]

ABA issues its recommendations for how the CFPB could improve its proposed debt collection survey, from distinguishing between creditors collecting their own debt (as opposed to third-party collectors) to shortening the list of 77 questions. [5/8]

The CFPB proposes a rule to promote more effective privacy disclosures from FI to their customers. The proposal includes constant access to privacy policies, limited data sharing, comparison shopping, and being cheaper for companies to notify consumers of privacy practices. If FI's share information unaffiliated third parties they are not eligible. [5/7]

A look at the ingredients of a well-developed fair lending program, according to the CFPB in its second Fair Lending Report recently issued to Congress. [5/6]

Government Accountability Office takes CFPB to task for its shoddy internal controls. CFPB's director concurs, saying that the agency is implementing "corrective actions to resolve and mitigate the significant deficiencies identified." [5/6]

The CFPB proposes amendments to several mortgage rules issued in 2013. The proposed rule would provide an alternative definition for small servicers for certain nonprofit entities, amend existing exemptions from the ability-to-repay rule for certain nonprofit entities, and provide a limited cure mechanism for the points and fees limit that applies to qualified mortgages. [5/6]

The GAO's audit for fiscal years 2013 and 2012 shows significant deficiencies in the CFPB’s internal control over financial reporting and provides four recommendations to improve oversight and controls. [5/5]

Here's why the CFPB's self-described "minor" changes to mortgage rules may not be so minor after all. [5/5]

A brief recap of the CFPB's Fair Lending Report, including guidance on how lenders may self-assess their own compliance with ECOA and HMDA. [5/5]

The CFPB is looking to provide tools and guidance to better protect children in the foster care system from credit reporting problems that could compromise their future credit. Key guidance promotes understanding and resolution of credit reporting limitations and errors as well as protections provided for foster care youth. [5/2]