Page 35 - Cfpb News Today

Federal Financial Institutions Examination Council FFIEC Appraisal Subcommittee ASC held its first hearing on appraisal bias on January 24, 2023 at Consumer Financial Protection Bureau CFPB headquarters. FFIEC federal interagency body comprised of Federal Reserve System.

The threshold for the obligation has been lowered to 25 closed-end mortgage loans originated in each of the two preceding calendar years, according to a bulletin published on the OCC's website.

A core issue in the upcoming fight over late fees involves what data is being collected on card issuers' costs and losses associated with late payments.

Consumer Financial Protection Bureau CFPB released updated version of Mortgage Servicing Examination Manual. Manual outlines “the types of information that CFPB examiners gather to evaluate mortgage servicers’ policies and procedures; assess whether servicers are complying.

WASHINGTON (dpa-AFX) - The Consumer Financial Protection Bureau (CFPB) is proposing a rule that would slash excessive credit card late fees that cost American families about $12 billion each year.The

Following Biden's announcement last year to crack down on junk fees, the CFPB built on that with a new rule to "save families billions of dollars."

Faced with the potential invalidation of CFPB’s funding structure, the top lobbyist for mortgage companies asks Congress to write the agency’s rules into law.

The Consumer Financial Protection Bureau's data-access rule could create an uneven playing field because banks and credit unions are examined by regulators but hundreds of nonbank fintechs are not.

Consumer Financial Protection Bureau issued a Consumer Financial Protection Circular reminding financial institutions are covered persons that negative option marketing can be a violation of the Consumer Financial Protection Act, pursuant to the CFPB’s authority.

In a July 2022 stipulated order, the CFPB agreed to issue a final rule implementing Section 1071 of the Dodd Frank Act by March 31, 2023. But in its 2022 Fall Rulemaking Agenda, the CFPB indicated that it may issue its final rule in January 2023.