Wednesday, October 3, 2018 Consumer Financial Protection Bureau Lawsuit Legal Trade Groups Sue CFPB over Arbitration Rule "Credit News 24" The American Bankers Association, the U.S. Chamber of Commerce, the Consumer Bankers Association, the Financial Services Roundtable and seve...
Tuesday, October 2, 2018 Consumer Financial Protection Bureau Regulation Regulatory Burden Arbitration Rule Could Raise the Cost of Credit by 25 Percent "Credit News 24" A study by the Office of the Comptroller of the Currency (OCC) found that the Consumer Financial Protection Bureau’s arbitration rule is lik...
Tuesday, August 28, 2018 Compliance Consumer Financial Protection Bureau Mortgages CFPB Temporarily Raises HELOC Reporting Threshold, Makes HMDA Technical Corrections "Credit News 24" The Consumer Financial Protection Bureau (CFPB) on Thursday issued a final rule making several technical corrections and clarifications to t...
Tuesday, July 10, 2018 Consumer Financial Protection Bureau Enforcement Actions Examinations NCUA NCUA to CFPB Exempt Large CUs from CFPB Exam and Enforcement Authority "Credit News 24" National Credit Union Administration Chairman J. Mark McWatters on July 6 wrote Consumer Financial Protection Bureau (CFPB) Director Richard...
Tuesday, June 26, 2018 Consumer Financial Protection Bureau Legislation Trade Groups Support Structural Change in CFPB to Five-Member Commission "Credit News 24" In a June 22nd joint letter to House and Senate Appropriations Committee leadership, 22 financial and business trade associations supported ...
Thursday, June 14, 2018 Consumer Financial Protection Bureau FDIC Federal Reserve Legal NCUA Regulation Treasury Recommendations Could Impact Credit Unions and NCUA "Credit News 24" The United States Department of the Treasury (Treasury) released on June 12th a report, A Financial System that Creates Economic Opportuniti...
Friday, May 25, 2018 Consumer Financial Protection Bureau Dodd Frank Act NCUA Regulatory Burden McWatters to CFPB: Provide Reg Relief to CUs "Credit News 24" In a May 24th letter to Consumer Financial Protection Bureau (CFPB) Director Cordray, Acting National Credit Union Administration (NCUA) Cha...
Friday, May 11, 2018 Consumer Financial Protection Bureau Dodd Frank Act CFPB Seeks Information on the Small Business Lending Market "Credit News 24" The Consumer Financial Protection Bureau (CFPB) has issued a request for information on various aspects of the market for small business loa...
Friday, April 27, 2018 Consumer Financial Protection Bureau Dodd Frank Act Legislation Rep. Luetkemeyer Reintroduces CLEARR Act "Credit News 24" Rep. Blaine Luetkemeyer (R-Mo.) on April 26 re-introduced the CLEARR Act (H.R. 2133), which would provide relief from certain rules and regu...
Saturday, March 31, 2018 Consumer Financial Protection Bureau Disclosures Private Deposit Insurance Privately Insured Credit Unions Regulation GAO: Privately Insured CUs Comply with Disclosure Requirements; But Rules Can Be Clarified "Credit News 24" The Government Accountability Office (GAO) reported that privately insured credit unions largely complied with the Bureau of Consumer Financ...