Consumer Financial Protection Bureau Issues Final Rule on Small Dollar Lending

The Consumer Financial Protection Bureau today issued a final rule concerning small dollar lending in order to maintain consumer access to credit and competition in the marketplace.

The Consumer Financial Protection Bureau today issued a final rule concerning small dollar lending in order to maintain consumer access to credit and competition in the marketplace.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-final-rule-small-dollar-lending/

Consumer Financial Protection Bureau Ratifies Prior Regulatory Actions

The Consumer Financial Protection Bureau today ratified most regulatory actions the Bureau took from January 4, 2012 through June 30, 2020.

The Consumer Financial Protection Bureau today ratified most regulatory actions the Bureau took from January 4, 2012 through June 30, 2020.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-ratifies-prior-regulatory-actions/

CFPB Director Kraninger Announces Deputy Director; Additions to Executive Team

Consumer Financial Protection Bureau Director Kathleen L. Kraninger today announced that Thomas Pahl will serve as the Deputy Director of the Bureau.

Consumer Financial Protection Bureau Director Kathleen L. Kraninger today announced that Thomas Pahl will serve as the Deputy Director of the Bureau.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-director-kraninger-announces-deputy-director-additions-executive-team/

Consumer Financial Protection Bureau Files Suit Against Loan Doctor and Edgar Radjabli for Deceptive Acts and Practices in Marketing a Savings CD Account

The Consumer Financial Protection Bureau filed a lawsuit against My Loan Doctor LLC, a Delaware financial-services company operating in West Palm Beach, Florida and New York City and doing business as Loan Doctor, and its founder, Edgar Radjabli.

The Consumer Financial Protection Bureau filed a lawsuit against My Loan Doctor LLC, a Delaware financial-services company operating in West Palm Beach, Florida and New York City and doing business as Loan Doctor, and its founder, Edgar Radjabli.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-files-suit-against-loan-doctor-edgar-radjabli-deceptive-acts-practices/

CFPB Announces Consumer Financial Protection Week, Virtual Events Nationwide

The Consumer Financial Protection Bureau announced the launch of Consumer Financial Protection Week which will take place from July 14, 2020, through July 17, 2020.

The Consumer Financial Protection Bureau announced the launch of Consumer Financial Protection Week which will take place from July 14, 2020, through July 17, 2020.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-announces-consumer-financial-protection-week-virtual-events/

Consumer Financial Protection Bureau Issues Proposed Rule on Escrow Exemptions for Certain High-Priced Mortgage Loans

The Consumer Financial Protection Bureau issued a notice of proposed rulemaking that would amend Regulation Z to provide a new exemption available to certain insured depository institutions and insured credit unions from the requirement to establish es…

The Consumer Financial Protection Bureau issued a notice of proposed rulemaking that would amend Regulation Z to provide a new exemption available to certain insured depository institutions and insured credit unions from the requirement to establish escrow accounts for certain higher-priced mortgage loans.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-proposed-rule-escrow-exemptions-high-priced-mortgage-loans/

CFPB, OCC Host Virtual Innovation Office Hours

The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency will host joint, virtual Innovation Office Hours, July 29-30, as part of the American Consumer Financial Innovation Network.

The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency will host joint, virtual Innovation Office Hours, July 29-30, as part of the American Consumer Financial Innovation Network.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-occ-host-virtual-innovation-office-hours/

CFPB Announces Tech Sprints To Empower Consumers, Reduce Regulatory Burden

The Consumer Financial Protection Bureau (Bureau) announced the Bureau’s first-ever Tech Sprint series to reduce regulatory burden and improve consumer understanding and engagement of financial services and products.

The Consumer Financial Protection Bureau (Bureau) announced the Bureau’s first-ever Tech Sprint series to reduce regulatory burden and improve consumer understanding and engagement of financial services and products.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/tech-sprints/

FFIEC Announces Availability of 2019 Data on Mortgage Lending

The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on 2019 mortgage lending transactions at 5,508 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).

The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on 2019 mortgage lending transactions at 5,508 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/ffiec-announces-availability-2019-data-mortgage-lending/

CFPB Issues Interpretive Rule on Method for Determining Underserved Areas

The Consumer Financial Protection Bureau issued an interpretive rule to provide guidance to creditors and other persons involved in the mortgage origination process about the way in which the Bureau determines which counties qualify as “underserved” fo…

The Consumer Financial Protection Bureau issued an interpretive rule to provide guidance to creditors and other persons involved in the mortgage origination process about the way in which the Bureau determines which counties qualify as “underserved” for a given calendar year.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-interpretive-rule-method-determining-underserved-areas/