Among the more than 20 bills that the House Financial Services Committee was scheduled to mark up Wednesday, October 11, was a bill to provide a "Madden fix" as well as several others relevant to consumer financial services...more
10/13/2017
/ Banking Sector ,
Consumer Bankruptcy ,
Data Collection ,
Depository Institutions ,
Disclosure Requirements ,
Financial Services Committee ,
Financial Services Industry ,
Gramm-Leach-Blilely Act ,
HMDA ,
Interest Rates ,
Legislative Agendas ,
Madden v Midland Funding ,
Manufactured Housing ,
Mortgage Loan Originators ,
Non-Bank Lenders ,
Online Marketplace Lending ,
Operation Choke Point ,
Payday Loans ,
Privacy Notice Rule ,
Proposed Legislation ,
Risk Management ,
Truth in Lending Act (TILA)
According to Politico, the CFPB, OCC, Fed and FDIC have launched a review of bank sales practices, with the reviews to be conducted as special reviews rather than as part of the regular examination process....more
10/28/2016
/ Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Depository Institutions ,
FDIC ,
Federal Reserve ,
Loans ,
OCC ,
Sales ,
Small Business ,
Wealth Management
The CFPB announced yesterday that it had reached a settlement with Regions Bank regarding claims that the bank unlawfully charged overdraft fees to customers who had not opted-in for overdraft coverage. The matter is the...more
The CFPB has issued a final rule that extends for five years (until July 21, 2020) the temporary exception in its remittance transfer rule that allows insured depository institutions to estimate fees and exchange rates in...more
The CFPB has issued a proposal to extend for five years the temporary exception in its remittance transfer rule that allows insured depository institutions to estimate fees and exchange rates in certain circumstances. The...more
On December 3, the CFPB’s Ombudsman Office issued its second annual report covering the Office’s activities during fiscal year 2013 (October 1, 2012 through September 30, 2013). The role of the Ombudsman’s Office is to assist...more