Dodd-Frank Consumer Protection
CFPB Considers Rules to Simplify Mortgage Points, Fees and Loan Originator Compensation
Consumer Protection The Consumer Financial Protection Bureau, or CFPM, outlined rules it is considering that would simplify mortgage points and fees and bring greater transparency to the mortgage loan origination market. These rules, which the CFPB expects to propose this summer and finalize by January 2013, are meant to make it easier for consumers to understand mortgage [...] Read more →
CFPB Examining Arbitration
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has launched a public inquiry into how consumers and financial services companies are affected by arbitration and arbitration... Read more →
CFPB Promises Enforcement Against Discriminatory Lending Practices
Banking, Consumer Protection The CFPB has reminded lending institutions under its jurisdiction it is responsible for enforcing the Equal Credit Opportunity Act. In public statements, officials of the CFPB... Read more →
CFPB Issues Guidance Regarding Service Providers
Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has released a bulletin clarifying that financial institutions under Bureau supervision may be held responsible for the actions... Read more →
CFPB Considers Reg Z Changes Regarding Limits on Fees Before Account Opening
Consumer Protection The Bureau of Consumer Financial Protection, or CFPB, is proposing to amend Regulation Z, which implements the Truth In Lending Act, and the official interpretation to the... Read more →
CFPB Outlines Borrower-Friendly Approach to Mortgage Servicing
Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has outlined rules it is considering that it believes will help protect mortgage borrowers from being hit by costly surprises or... Read more →
CFPB Permits Contributions to Qualified Plans Under Loan Originator Compensation Rules
Banking, Consumer Protection The Consumer Finacial Protection Bureau, or CFPB, has issued a bulletin in response to several inquiries the CFPB has received regarding the payment of compensation to loan... Read more →
CFPB Sharing Complaints With FTC
Banking, Consumer Protection The Dodd-Frank Act requires the CFPB to share consumer complaint information with the Federal Trade Commission, or FTC, and other state and federal agencies. Last August, the... Read more →
CFPB Begins Accepting Complaints on Student Loans
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, is now accepting complaints from borrowers having difficulties with their private student loans. The CFPB will assist all... Read more →
CFPB Proposes Rule for the Protection of Privileged Information
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has issued a proposed rule that would codify protections for privileged information submitted to the CFPB by the financial... Read more →