Consumer Financial Protection Bureau Announces Annual Dollar Thresholds in Truth in Lending Act Regulations for Certain Credit Transactions
Thresholds Apply to Transactions under the CARD Act, HOEPA, and Ability-to-Repay Mortgage Rule.
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Prepared Remarks of Richard Cordray, Director of the Consumer Financial Protection Bureau
Thank you for joining us. We are here in Kansas City, known as "the Heart of America," to discuss concerns about payday lending and other types of loans...
Consumer Financial Protection Bureau Proposes Rule to End Payday Debt Traps
Rule Would Require Lenders to Determine Whether Consumers Have the Ability to Repay Payday, Auto Title, and Certain Other High-Cost Loans.
CFPB Finalizes Rule to Improve Information About Access to Credit in the Mortgage Market
Bureau Takes Steps to Simplify the Reporting Process for Financial Institutions Today, the Bureau finalized a rule to improve information reported about the...
CFPB Provides Guidance About Marketing Services Agreements
Bulletin Highlights Risks of Agreements Violating Federal Prohibition on Mortgage Kickbacks The Bureau today issued a bulletin providing guidance to the...
CFPB Finalizes Rule to Facilitate Access to Credit in Rural and Underserved Areas
Bureau Extends Provisions to Cover More Community Banks, Credit Unions, and Other Creditors The Bureau today finalized several changes to its mortgage rules...
Agencies Issue Final Rule on Minimum Requirements for Appraisal Management Companies
Joint Release: Office of the Comptroller of the Currency Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Consumer...
CFPB Issues Proposal To Facilitate Access To Credit In Rural And Underserved Areas
Proposal Would Extend Provisions to Cover More Community Banks, Credit Unions, and Other Creditors The Bureau today proposed several changes to its mortgage...
CFPB Proposes Expanded Foreclosure Protections
Today, the Bureau proposed additional measures to ensure that homeowners and struggling borrowers are treated fairly by mortgage servicers. The proposal...
CFPB Finalizes Rule to Promote More Effective Privacy Disclosures
The Bureau today finalized a rule to promote more effective privacy disclosures from financial institutions to their customers. The new rule, which was...
CFPB Issues Bulletin to Prevent Runarounds in Mortgage Servicing Transfers
Bureau Highlights Risks in Transferring Loans Under Loss Mitigation Review Today, the Bureau is releasing a bulletin outlining expectations for mortgage...
Prepared Remarks of CFPB Deputy Director Steve Antonakes at the American Bankers Association Regulatory Compliance Conference
Thank you for the opportunity to speak with you today. I know that both those of us at the Bureau and those of you here today share common goals: a strong...
Written Testimony of Director Cordray Before the Senate Committee on Banking, Housing and Urban Affairs
Chairman Johnson, Ranking Member Crapo, and Members of the Committee, thank you for inviting me to testify today about the fourth Semi-Annual Report of the...
CFPB Releases Second Update of Exam Procedures for Mortgage Rules
Many of the new rules were directed by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The rules cover the various stages of a...
Agencies Issue Proposed Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements
The proposed exemptions are intended to save borrowers time and money and to promote the safety and soundness of creditors.
CFPB Finalizes April Clarifications to Mortgage Rules
Today, the Bureau finalized corrections, clarifications, and amendments to its Ability-to-Repay and mortgage servicing rules. Today's clarifications were...
The CFPB Issues Procedural Rule on Supervising Nonbanks that Pose Risks to Consumers
Nonbanks subject to the rule are companies that offer or provide consumer financial products or services but do not have a bank, thrift, or credit union...
CFPB Issues Proposed Modifications to Mortgage Rules
The proposal issued today would resolve questions that have been identified during the implementation process and would help the rules deliver their...
CFPB Releases Exam Procedures for New Mortgage Rules
The exam procedures offer financial institutions and mortgage companies valuable guidance on what the CFPB will be looking for as the rules become...
CFPB Finalizes Amendments to Ability-to-Repay Rule
Today, the Bureau finalized rules to facilitate access to credit by creating specific exemptions and modifications to the CFPB's Ability-to-Repay rule for...
CFPB Revises Rule Protecting Consumers Sending Money Internationally
The remittance rule creates a comprehensive consumer protection regime for remittance transfers sent by consumers in the United States to individuals and...
The CFPB Amends Card Act Rule to Make it Easier for Stay-at-Home Spouses and Partners to Get Credit Cards
Today's amendment, first proposed by the Bureau in October 2012, allows credit card issuers to consider income that a stay-at-home applicant, who is 21 or...
The CFPB Issues Civil Penalty Fund Rule
The rule creates a transparent process for allocating money from the Bureau's Civil Penalty Fund to compensate victims harmed by a person or company that...
CFPB Finalizes Credit CARD Act Rule
Today's final rule is in response to a federal court ruling last year that had granted a preliminary injunction to block a part of the Board's 2011 rule...
CFPB Lays Out Implementation Plan for New Mortgage Rules
Both consumers and industry will win when the new rules are understood, applied, and carried out evenly and effectively. Mortgage borrowers, who have dealt...