CFPB

Trump signs resolution killing CFPB arbitration rule

11/01/17

With little fanfare, President Trump officially nixed the rule prohibiting financial firms from including mandatory arbitration clauses.

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CFPB sees risks in longer-term auto loans

11/01/17

The Consumer Financial Protection Bureau said 42% of car loans issued in the last year had a repayment term of six years or more, a huge leap over the 26% of car loans that had such longer terms in 2009.

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Success of CFPB data-sharing guidance relies on how it is enforced

11/01/17

Following the release of the nonbinding statement of policy, regulators still have an important role to play in making sure the industry achieves an effective data-sharing model.

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What type of data is fair in credit models?

10/31/17

Additional data such as college major enhances the ability to provide credit to thin-file consumers. But could it create other issues?

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Can words used in loan applications reveal creditworthiness?

10/31/17

Text analysis holds the promise of improving lenders’ ability to evaluate which borrowers will repay, but it also carries substantial risks.

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Gridlock in D.C. dims community bankers' hopes for sweeping reg reform

10/31/17

Political stalemates have convinced many executives that relief will only comes when agency leaderships turns over.

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CFPB launches mortgage performance tool to track delinquencies

10/30/17

The new tool tracks both serious and general delinquencies down to a county level and features interactive charts and graphs.

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Cordray's personal appeal to Trump: Save the arbitration rule

10/30/17

CFPB Director Richard Cordray sent a letter to President Trump Monday asking him to veto a Republican resolution to nullify the bureau's arbitration rule.

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Here’s what bankers are fearing this Halloween season

10/30/17

It's been a decent year for banks, especially given the industry's return on assets hit a 10-year high. But there are signs it might not last. With Halloween near, here is a look at some potentially frightening developments that could keep bankers up at night.

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How the CFPB rule was killed; Wells hung out to dry by storm

10/27/17

Small banks targeted a handful of GOP senators; bank may lose more than $450 million, mainly due to its Puerto Rico auto finance unit.

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