Becky Nelson – Page 2

Thanks to CFPB, tax refund loans will end

Banks’ “refund anticipation loans” will be history as of April 30.

CFPB plans more amicus briefs – but is it worth their time?

The Consumer Financial Protection Bureau has filed an amicus brief in the 10th Circuit U.S. Court of Appeals in Denver, Colo., arguing that certain borrowers who did not receive important disclosures mandated by the Truth in Lending Act may cancel their loans so long as they notify the lender of their intent to cancel within three years.

CFPB clarifies compensation rules

Financial institutions may compensate mortgage loan originators out of a profit pool derived from loan originations, according to a Consumer Financial Protection Bureau bulletin.

Nominations due March 30 for CFPB Advisory Board

Bankers may nominate themselves or others for the Consumer Financial Protection Bureau’s Consumer Advisory Board (CAB) through Friday, March 30, 2012.

Bureau launches ‘Ask CFPB’

Consumers can scroll through a list of questions, organized into categories, or can ask a new question. Ask CFPB is launching with 350-plus questions and answers, with more to come.

Former CU leader to lead new CFPB office

The CFPB’s new Office of Financial Empowerment is open for business, with a former credit union industry leader as its head.

CFPB launches overdraft fee inquiry

The Consumer Financial Protection Bureau is taking regulatory concerns about checking account overdraft fees to the next level.

An update on CFPB issues for community banks

In a new publication Dodd-Frank and Community Banks: Your Guide to 12 Critical Issues, the American Bankers Association covers key areas such as capital, housing (QM and QRM), interchange, preemption and more.

Work begins on mortgage statement prototype

The Consumer Financial Protection Bureau is busy drafting a new model form for mortgages: the monthly statement that borrowers receive with the details of their loans.

Industry weighs in on CFPB reform bills

A House subcommittee hearing on Feb. 8 gave the banking industry a chance to comment on three bills that would make changes to the Consumer Financial Protection Bureau.