RSSCFPB makes progress on effort to simplify RESPA and TILA forms
The Consumer Financial Protection Bureau is proposing changes to Reg X (Real Estate Settlement Procedures Act) and Reg Z (Truth in Lending Act).
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CFPB considering options related to CARD Act’s ability to pay provision
The Consumer Financial Protection Bureau is in the process of reviewing public comments submitted in relation to the Bureau’s enforcement of the CARD Act, including its controversial “ability to pay” provision.
CFPB concerned about trends in market for reverse mortgages
Responding to a provision in the Dodd-Frank Act requiring the Consumer Financial Protection Bureau to study reverse mortgages, the CFPB released this report June 28.
Senior staff changes made
The Consumer Financial Protection Bureau announced several high-level staff changes last week.
CFPB publishing data about credit card complaints
The Consumer Financial Protection Bureau announced June 19 that it is publishing data surrounding consumer complaints on credit cards, and that it plans to publish information about other kinds of complaints in the future.
Recess appointment heightens CFPB’s sense of urgency
The advocacy group Judicial Watch, recently obtain documents through a Freedom of Information filing which show that Richard Cordray, Director of the Consumer Financial Protection Bureau, acknowledged the constitutional uncertainty surrounding his recess appointment by President Obama.
CFPB re-opens comments on ability-to-repay
The Consumer Financial Protection Bureau is re-opening the comment period on a proposed rule that addresses new ability-to-repay requirements for mortgages, as well as the definition of “qualified mortgage.”
Ability to repay/QM: A review
The Consumer Financial Protection Bureau is expected to soon release an “ability to repay” proposed rule, which is likely to prominently detail the attributes of a “qualified mortgage” (QM).
CFPB targets prepaid cards
Prepaid cards are the latest focus of the Consumer Financial Protection Bureau.
GAO: Strengthen payroll procedures
A May 21, 2012 report from the Government Accountability Office identified seven internal control issues that the Consumer Financial Protection Bureau should consider fixing.
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