CFPB

CFPB's final payday rule should be ready in spring, agency says

11/21/19

In an update of its rulemaking agenda, the bureau said it "expects to take final action in April 2020" on a proposal that would rescind strong underwriting requirements.

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CFPB to assess effectiveness of mortgage disclosure rule

11/20/19

The agency will review the TRID regulation, which combined disclosure requirements of two separate laws, as part of a mandate to evaluate major policies five years after their effective date.

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How much should banks fear a Democratic victory in 2020?

11/17/19

The financial policy views of progressive candidates atop the presidential field are sure to worry bankers, but it would be difficult for any new president to implement sweeping regulatory changes.

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As CFPB prepares to end QM patch, Congress tries to soften the blow

11/12/19

Fannie Mae and Freddie Mac’s exemption from the Qualified Mortgage rule is on borrowed time, but a House bill would allow lenders to use the mortgage giants’ guidelines for documenting borrower income.

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HUD promotes former CFPB official criticized for blog posts

11/08/19

Eric Blankenstein, who resigned from the Consumer Financial Protection Bureau in May after the discovery of his racially charged writings, was named acting executive vice president of Ginnie Mae.

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'It makes my head explode': Comments of the week

11/07/19

Readers react to Sen. Warren calling for banks to fund her Medicare plan, a proposal requiring big-bank CEOs to testify before Congress, federal regulators missing Trump-appointees on their board and more.

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'We don't need to be scared by sunshine': Industry backs CFPB rule

11/06/19

At a forum convened by the CFPB, several bank and fintech executives argued that long-delayed rules required under the Dodd-Frank Act can help fight discrimination and shine a light on unsavory practices in the market for small-business credit.

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Washington flexes its muscles on small-business lending

11/05/19

The CFPB, OCC and FDIC are signaling a renewed focus on the sector after regulation of it fell more to the states in recent years.

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As federal fintech regulatory plans founder, a push for alternatives

11/05/19

Many in the space are seeking the creation of a "flexible" supervisory regime that relies on existing authorities and a hands-off approach from state agencies, but such a plan faces an uphill battle.

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What CFPB’s day in court will mean for FHFA

11/04/19

The Supreme Court is ready to weigh in on the CFPB’s leadership structure, but both agencies are facing similar constitutional challenges, suggesting a broader impact of any decision.

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