RSSCFPB seeks input on mortgage rule set to lapse
Last week, the Consumer Financial Protection Bureau issued an advanced notice of proposed rulemaking relating to the impending expiration of a mortgage rule that affects two large American guarantors.
Category Archives: Spotlight
CFPB symposium: How to implement UDAAP?
The Consumer Financial Protection Bureau recently held the first of a series of planned symposia on various regulatory themes, including a panel on how to practically implement the abusive standard.
UDAAP symposium: What does ‘abusive’ mean?
The Consumer Financial Protection Bureau this week held the first of a series of planned symposia on various regulatory themes. The first topic addressed was “unfair, deceptive, or abusive acts or practices”.
Kraninger: Wells Fargo needs to improve risk management
Banking giant Wells Fargo needs to improve its compliance with required improvements to its risk management program, according to a letter from the head of the Consumer Financial Protection Bureau.
Enforcement actions plummet under Trump appointees
Enforcement actions at the Consumer Financial Protection Bureau have dropped precipitously during the first three months of Director Kathy Kraninger’s tenure, according to a report from the Consumer Federation of America.
Proposed payday loan rule rewrite sparks backlash
A proposed change to the small-dollar lending rule at the Consumer Financial Protection Bureau has generated pushback from consumer advocates and support from the payday lending industry.
A look back at Mulvaney’s CFPB term
After roughly one full year at the helm of the Consumer Financial Protection Bureau, Mick Mulvaney stepped aside last month when Kathy Kraninger was confirmed by the Senate as the new director of the bureau. It remains to be seen precisely how Kraninger’s leadership will affect the bureau, but the record of Mulvaney’s tenure can now be assessed.
Democrats take charge of House finance committee
Rep. Maxine Waters (D-Calif.)
California Democrat Rep. Maxine Waters, who is likely to become head of the House Financial Services Committee, has long been a staunch ally of the Consumer Financial Protection Bureau.
CFPB supervision doesn’t decrease mortgage lending, Fed researchers say
Oversight from the Consumer Financial Protection Bureau hasn’t significantly decreased mortgages made by the nation’s largest banks. It has affected the kinds of mortgages those banks offer, however, say researchers at the New York Fed.
CFPB relaunches (smaller) advisory boards
After dissolving its three advisory boards earlier this year, the Consumer Financial Protection Bureau has formally reconvened them with new and fewer members who will serve shorter terms.
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