Tuesday, October 11, 2016 - 15:09
Eric C. Peck - NMP Editor in Chief
Original article can be found HERE.
A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit has called for the President to remove the single-director structure of the Consumer Financial Protection Bureau (CFPB), calling the appointment unconstitutional. In the 110-page ruling, the U.S. Court of Appeals called for limits to the power of the president, and disband the CFPB’s current single-director power structure.
We expect to add additional regulations and to update existing regulations when they change!
This Week in Washington
Thursday, March 17, 2016
ORIGINAL ARTICLE CAN BE FOUND HERE.
The Consumer Financial Protection Bureau (CFPB) announced that the Federal Reserve will be hosting a webinar on the TILA-RESPA Integrated Disclosure (TRID) rule, also known as Know Before You Owe, at 2 p.m. EDT Tuesday, April 12. This is the CFPB’s second webinar since the rule was implemented Oct. 3, 2015. The first post-implementation webinar took place on Tuesday, March 1.
Anyone who would like to participate in the webinar can register here.
Good Tuesday morning from our nation’s capital! I’m happy to be in attendance alongside the nearly 5,000 credit union professionals at this year’s CUNA Governmental Affairs Conference (GAC). GAC is a tremendous opportunity to network with others in the industry and share stories of the #CUdifference with our legislators and regulators.
As always, CUNA has done a great job of putting together a jam packed agenda here in Washington, D.C. As a result, I’ll keep today’s post brief. You know, it’s funny. I can actually hear my regular readers (all three of them) breathing a collective sigh of relief.
The Consumer Financial Protection Bureau openly acknowledged that the transition to new mortgage-disclosure requirements presents a major challenge for lenders, saying it will give them some leeway in upcoming exams.
"We're very aware of the significant challenges the industry has faced in order to get into compliance with this rule," said Allison Brown, a program manager in mortgage servicing in the CFPB's office of supervision policy.
Monday, February 8, 2016 - 12:19
By: Phil Hall
THE ORIGINAL ARTICLE CAN BE FOUND HERE.
Cam Newton wasn’t the only one that kept getting tackled during the Super Bowl. In a surprise running commentary while the big game was in progress, the Consumer Financial Protection Bureau (CFPB) used Twitter to criticize Quicken Loans’ Super Bowl advertisement for its Rocket Mortgage technology.
Financial regulators are pushing banks and credit unions to improve consumer access to low-risk checking accounts.
The Consumer Financial Protection Bureau (CFPB) will announce Wednesday a plan to urge the nation’s 25 largest retail banks for offerings without overdraft fees.