CFPB

CFPB at long last defines enigmatic ‘abusive’ standard

01/24/20

In the past, the agency cited the legal term in enforcement actions without stating what it meant, but Director Kathy Kraninger has sought to give the industry clearer guidance.

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CFPB backers tell high court that agency's structure is legal

01/24/20

Democratic lawmakers, state attorneys general and others filed briefs with the Supreme Court rebutting claims that the agency’s leadership structure is unconstitutional.

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A plan to give CFPB’s new task force some teeth

01/22/20

The new group should look at protecting consumer data and how nonprime financial consumers are treated through new regulations.

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4 questions as CFPB closes in on revamp of key mortgage rule

01/21/20

The agency is sending a strong message that it won’t rush to end an exemption for Fannie Mae and Freddie Mac while also signaling longer-term changes that will affect all lenders.

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CFPB to extend 'qualified mortgage' exemption for GSEs, report says

01/21/20

Director Kathy Kraninger has told lawmakers that the agency will delay the expiration of the so-called QM patch, now set for January 2021.

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Truist's logo, Wells vs. USAA redux, Visa's Plaid pickup: Top stories of the week

01/17/20

Truist emphasizes high-touch, high-tech focus with new logo; Wells Fargo loses another patent lawsuit to USAA; what the Visa-Plaid merger means for banks, fintechs; and more from this week's most-read stories.

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In rebuke of CFPB, states look to get tough on debt collectors

01/15/20

In another sign of state officials trying to outdo the Consumer Financial Protection Bureau, governors in California and New York want greater authority to license and oversee the debt collection industry.

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Lawyer picked to defend CFPB before high court backs agency structure

01/15/20

The Supreme Court appointed Paul Clement to represent the agency after the bureau’s current director questioned its constitutionality.

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Senate Dems urge CFPB watchdog to investigate restitution practices

01/14/20

In a letter to the agency's inspector general, the 15 lawmakers pointed to specific cases where they said the bureau departed from legal standards in deciding not to require restitution.

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Alternative data is not the enemy of underwriting

01/14/20

Regulators are beginning to recognize the importance of using alternative data to provide credit for the underbanked. Now is the time to expand its use across the industry.

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