RSSCFPB delays QM rule compliance date
The Consumer Financial Protection Bureau formally delayed the mandatory compliance date of the General Qualified Mortgage final rule from July 1, 2021 to October 1, 2022.
Author Archives: CFPB Journal staff report
CFPB supports CDC eviction moratorium
The Consumer Financial Protection Bureau issued an interim final rule in support of the eviction moratorium instituted by the Centers for Disease Control and Prevention.
CFPB files complaint against debt-settlement company
The Consumer Financial Protection Bureau has filed a complaint against online debt-settlement company SettleIt, Inc., over alleged abusive acts or practices.
CFPB proposes foreclosure ban
The Consumer Financial Protection Bureau wants to ban foreclosures until 2022, according to a recent proposal. The agency’s notice of proposed rulemaking would amend Regulation X to institute a pre-foreclosure review period that would generally prohibit servicers from starting foreclosure until after December 31, 2021.
Uejio signals aggressive stance on payday lending
The Consumer Financial Protection Bureau is likely to take an aggressive approach to payday lending, according to a blog post from Acting Director Dave Uejio.
CFPB releases FDCPA report
The Consumer Financial Protection Bureau focused on debt collection requirements during the pandemic, according to this year’s report to Congress on the administration of the Fair Debt Collection Practices Act.
CFPB rescinds abusiveness policy statement
In another Biden era change, the Consumer Financial Protection Bureau has retracted a policy statement it issued last year on the ‘abusive’ standard of the Dodd-Frank Act. “Going forward, the CFPB intends to exercise its supervisory and enforcement authority consistent with the full scope of its statutory authority under the Dodd-Frank Act,” the bureau said.
CFPB delays QM compliance date
The Consumer Financial Protection Bureau wants to push back the mandatory compliance date of the General Qualified Mortgage final rule from July 1, 2021 to October 1, 2022.
CFPB sues ‘predatory’ immigration services company
The Consumer Financial Protection Bureau has filed a case against Libre, an immigrant services company, over what the agency called a “predatory immigrant-services scam.”
Acting director: CFPB will prioritize consumer input
The Consumer Financial Protection Bureau will center consumer voices, wrote Acting Director Dave Uejio in a blog post outlining priorities for the agency’s Division of Consumer Education and External Affairs.
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