RSS
On Jan. 22, the Consumer Financial Protection Bureau delayed the implementation of its final international remittance transfer rule to give the public time to comment on proposed changes intended to address community bankers’ concerns.
Credit union advocates are encouraging the Consumer Financial Protection Bureau to give them favorable treatment over other kinds of financial institutions, such as mortgage lenders.
The Consumer Financial Protection Bureau released its final rule on compensation for mortgage originators on Jan. 22.
With the ability-to-repay rule and qualified mortgage rule release just a week ago, on Jan. 10, the Consumer Financial Protection Bureau has now released an additional set of rules for mortgage servicing.
The Consumer Financial Protection Bureau published its final “ability to repay” mortgage rule on Jan. 10, 2013. This long-anticipated rule becomes effective on Jan. 10, 2014.
While meetings with the Consumer Financial Protection Bureau have brought community bankers in Illinois cautious optimism about future regulation from the agency, a meeting with the Bureau did not comfort bankers in Indiana.
As the number of smaller banks declines, the number of banks exempted from the Home Mortgage Disclosure Act also declines.
While at first the CFPB Community Bank Advisory Council appeared to be a public relations maneuver, bankers attending the council’s meetings have found Consumer Financial Protection Bureau Director Richard Cordray and his staff responsive to their concerns.