CFPB

USAA ordered to improve risk management, information security

02/15/19

The enforcement action from the OCC comes on the heels of a CFPB consent order that said USAA reopened customers' accounts without consent and neglected stop-payment requests.

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Speedier bank mergers; a new take on the Equifax hack

02/14/19

The time regulators take to decide on prospective deals has dropped sharply; a report says the cyberthieves were looking for info to help recruit spies.

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State AGs assail CFPB plan to build fintech sandbox

02/12/19

The bureau wants to further remove the threat of legal liability for firms that test products benefiting consumers, but the attorneys general say the agency cannot provide immunity from state law.

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'Oscar for best lobbyists goes to ... regional banks': Comments of the week

02/08/19

Readers respond to the Consumer Financial Protection Bureau's overhaul of its payday loans rule, debate reforms to Fannie Mae and Freddie Mac, consider regulatory exemptions for regional banks and more.

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BB&T, SunTrust to merge; ECB plans new bank stress test

02/07/19

The deal would be the biggest bank merger in more than a decade; banks would need to show how many days they could last with just cash on hand.

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CFPB takes big step toward unwinding payday lending rule

02/06/19

In a major victory for small-dollar lenders, the agency plans to rescind underwriting requirements that were the centerpiece of the rule drafted by a Democratic appointee.

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CFPB fines payday lender Cash Tyme for overcharging customers

02/05/19

The lender collected at least $21,800 that consumers did not owe and harassed borrowers' personal references, according to a CFPB settlement.

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GSE reform, CFPB underwriting rule are on collision course

02/04/19

Absent some policy change, nearly a third of the loans backed by Fannie Mae and Freddie Mac could be in violation of the Consumer Financial Protection Bureau's Qualified Mortgage rule in two years.

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CFPB’s innovation efforts hold promise

02/04/19

The bureau’s updated no-action-letter policy and “product sandbox” proposal are important steps in helping the industry adapt during this period of rapid change.

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CFPB offers new FAQ for TRID compliance

02/01/19

The Consumer Financial Protection Bureau has published a new "frequently asked questions" tool to help mortgage lenders with TILA-RESPA integrated disclosures compliance.

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