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...

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...

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...

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...

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 ...

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...

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...

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...