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The proposed rule is intended to provide supervised entities further assurances that providing privileged information to the Bureau will not adversely...
"Entering this agreement with the FTC is important to making sure markets for consumer financial products are getting efficient and effective federal...
Under the new rule, remittance transfer providers will generally be required to disclose the exchange rate and all fees associated with a transfer so that...
These procedures are a field guide for CFPB examiners looking at mortgage originators in both the bank and nonbank sectors of the industry.
This will be an extension of the CFPB’s bank supervision program that began last July and will ensure that banks and nonbanks follow federal consumer financial laws.
The very early feedback I’ve received indicates that the industry is eager for simplification.
By
Elizabeth Warren
For the first time ever, both banks AND non-bank lenders will be subject to federal examination to ensure that they are all playing by the same rules.
By
Elizabeth Warren
