CFPB makes GSE patch extension official

The Consumer Financial Protection Bureau issued a final rule to extend the Government-Sponsored Enterprise patch until the mandatory compliance date of a final rule amending the General Qualified Mortgage loan definition in Regulation Z. 

CFPB settles with auto lender

The Consumer Financial Protection Bureau settled with Lobel Financial Corporation over allegations of unfair practices in violation of the Consumer Financial Protection Act.

Proposed small business data collection rules would exclude smaller lenders

Under a new set of proposals from the Consumer Financial Protection Bureau, smaller lenders would be excluded from small business data collection requirements. The proposals are part of the implementation of section 1071 of the Dodd-Frank Act, which requires that data be collected and reported for small-business lending as well as lending to women- and minority-owned businesses.

CFPB settles with mortgage companies

The Consumer Financial Protection Bureau has settled with a pair of mortgage companies over deceptive advertisements targeted at servicemembers and veterans.

CFPB reaches $122 million settlement with TD Bank

In a settlement with the Consumer Financial Protection Bureau, TD Bank will pay a $25 million fine and $97 million in restitution to roughly 1.42 million customers affected by the bank’s illegal overdraft fees.

CFPB proposes new QM category

The Consumer Financial Protection Bureau wants to create a new category of “seasoned” qualified mortgages in order to “encourage innovation and help ensure access” to the mortgage credit market.

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