CFPB Announces Plan to Issue ANPR on Consumer-Authorized Access to Financial Data

The Consumer Financial Protection Bureau announced that it plans to issue an advance notice of proposed rulemaking (ANPR) later this year on consumer-authorized access to financial records.

The Consumer Financial Protection Bureau announced that it plans to issue an advance notice of proposed rulemaking (ANPR) later this year on consumer-authorized access to financial records.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-anpr-consumer-authorized-access-financial-data/

CFPB Takes Action to Help Employers Develop Emergency Savings Programs to Boost Worker Financial Resilience

The Consumer Financial Protection Bureau announced that it issued a Compliance Assistance Statement of Terms Template (CAST Template) under its Compliance Assistance Sandbox (CAS) Policy to Build Commonwealth, Inc (Commonwealth).

The Consumer Financial Protection Bureau announced that it issued a Compliance Assistance Statement of Terms Template (CAST Template) under its Compliance Assistance Sandbox (CAS) Policy to Build Commonwealth, Inc (Commonwealth).

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-help-employers-develop-emergency-savings-programs/

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/

Consumer Financial Protection Bureau Issues No-Action Letter to Facilitate Housing Counseling Services for Prospective Home Buyers

CFPB granted a no-action letter to Bank of America, N.A. regarding the bank’s funding arrangements with housing counseling agencies certified by the U.S. Department of Housing and Urban Development.

CFPB granted a no-action letter to Bank of America, N.A. regarding the bank’s funding arrangements with housing counseling agencies certified by the U.S. Department of Housing and Urban Development.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-no-action-letter-to-facilitate-housing-counseling-services/

Director Kraninger’s Speech at Innovation Policies Launch Event

 The Bureau is also tasked with the mission of facilitating innovation and access to financial products and services for consumers. To achieve this portion of our mission to protect consumers, the Bureau has been updating our innovation policies and en…

 The Bureau is also tasked with the mission of facilitating innovation and access to financial products and services for consumers. To achieve this portion of our mission to protect consumers, the Bureau has been updating our innovation policies and engaging with a variety of stakeholders, as well as collaborating with other federal, state, and global regulators on these issues. 

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/director-kraningers-speech-innovation-policies-launch-event/

CFPB and State Regulators Launch American Consumer Financial Innovation Network

 The Consumer Financial Protection Bureau (Bureau), working in partnership with multiple state regulators, launched the American Consumer Financial Innovation Network (ACFIN), a network to enhance coordination among federal and state regulators to faci…

 The Consumer Financial Protection Bureau (Bureau), working in partnership with multiple state regulators, launched the American Consumer Financial Innovation Network (ACFIN), a network to enhance coordination among federal and state regulators to facilitate financial innovation.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/bureau-state-regulators-launch-american-consumer-financial-innovation-network/