CFPB

Fight over CFPB arbitration rule may just be starting

07/10/17

With the ink barely dry on the Consumer Financial Protection Bureau's final arbitration rule, defenders and critics of the rule were already girding for a congressional fight over its ultimate fate.

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CFPB finalizes TRID update without a fix for compliance 'black hole'

07/07/17

The Consumer Financial Protection Bureau's final rule to formalize guidance on a number of TILA-RESPA Integrated Disclosures compliance points omits an originally proposed fix for the so-called black hole that's created when a mortgage closing is delayed.

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NCUA chief to Cordray: Drop CFPB oversight for big CUs

07/06/17

National Credit Union Administration Chairman J. Mark McWatters said dropping Consumer Financial Protection Bureau oversight of credit unions would free up CFPB resources.

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CFPB hits credit repair execs for $2M over illegal fees

06/27/17

Executives at four former credit repair companies agree to pay $2 million for charging consumers millions in illegal advance fees.

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The downside of scaling back the CFPB complaint database

06/26/17

Financial firms say the database is unreliable and would like to see it removed from public view. But the industry would also lose access to competitive insights that can be gleaned from the massive trove of consumer complaints.

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White House seeking good listeners for top regulatory spots: Official

06/22/17

President Trump plans to tap nominees to head the independent financial regulators that will be more willing to listen to industry than past heads, a senior White House official said Thursday.

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Regulators find common ground with lawmakers on reg relief

06/22/17

Federal regulators supported several changes the banking industry has been seeking in an appearance before the Senate Banking Committee on Thursday, acknowledging the need to limit the Volcker Rule and better define systemically important banks.

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Lawmakers won't let Wells forget account scandal

06/21/17

For Democrats, the scandal is a prominent symbol of big-bank misbehavior, while Republicans want to use it to show the shortcomings of the CFPB.

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Why more real estate firms are now offering mortgages

06/21/17

Traditional partnerships with lenders have been eroded by compliance strains and new incentives to control more of the homebuying transaction.

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Why Cordray needs to go; a rift in bitcoin land

06/21/17

The Wall Street Journal enumerates the reasons why President Trump needs to fire the CFPB director; the bitcoin market is sharply divided over whether it’s a currency or a store of value.

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