CFPB drafts financial aid shopping sheet

The “complex and confusing process of taking out student loans” and the resulting serious financial hardship caused by student loan debt have prompted the Consumer Financial Protection Bureau to draft a one-page “financial aid shopping sheet.”

Single director vs. commission argument continues

In the nearly two months since members of Congress held a confirmation hearing for nominee Rich Cordray, little has changed in the debate over appointing a director of the Consumer Financial Protection Bureau.

Expert outlines ways to prevent UDAAP problems

A hot topic among bankers and bank regulators lately has been UDAAP – Unfair, Deceptive or Abusive Acts or Practices. To gain insight into what more stringent UDAAP requirements might mean in the future for community banks, CFPB Journal interviewed Jo Ann Barefoot, co-chair of Treliant Risk Advisors.

CFPB introduces examination manual

On Oct. 13, the Consumer Financial Protection Bureau released its first Supervision and Examination Manual, the guide that CFPB examiners will use in exams with 111 banks, thrifts and credit unions with total assets over $10 billion.

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