CFPB Makes International Money Transfers Easier for Certain Financial Institutions
The rule implements new protections under the Dodd-Frank Wall Street Reform and Consumer Protection Act that require remittance transfer providers to...
Newsroom archive
CFPB Adopts Rule for the Protection of Privileged Information
"We are committed to safeguarding the confidential information of the institutions we supervise to ensure the Bureau is best equipped to do its job and...
CFPB Seeks Further Comment on Ability-to-Repay Mortgage Rule
"Through our ability-to-repay rule, we want to ensure that consumers are not set up to fail with mortgages they cannot afford and we want to protect access...
CFPB Proposes Procedural Rule on Supervising Nonbanks that Pose Risks to Consumers
"This is an important step in the development of our nonbank supervision program," said CFPB Director Richard Cordray. "This proposal allows us to reach...
CFPB Considers Rules on Prepaid Cards
The Bureau's Advance Notice of Proposed Rulemaking seeks input on how to ensure that consumers' funds on prepaid cards are safe and that card terms and fees...
CFPB Considers Rules to Simplify Mortgage Points and Fees
These rules, which the CFPB expects to propose this summer and finalize by January 2013, would make it easier for consumers to understand mortgage costs and...
CFPB Seeks Public Comment on Amendment to Credit Card Act Rule
At issue in the lawsuit is the total amount of fees that a credit card issuer may require a consumer to pay with respect to a credit card account prior to...
CFPB Outlines Borrower-Friendly Approach to Mortgage Servicing
"The mortgage servicing rules we are considering reflect two basic, common-sense principles – no surprises and no runarounds," said CFPB Director Richard...
Consumer Financial Protection Bureau proposes rule for the protection of privileged information
The proposed rule is intended to provide supervised entities further assurances that providing privileged information to the Bureau will not adversely...
Consumer Financial Protection Bureau, Federal Trade Commission pledge to work together to protect consumers
"Entering this agreement with the FTC is important to making sure markets for consumer financial products are getting efficient and effective federal...
CFPB Adopts Rule to Protect Consumers Sending Money Internationally
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...
CFPB Releases Mortgage Origination Examination Procedures
These procedures are a field guide for CFPB examiners looking at mortgage originators in both the bank and nonbank sectors of the industry.
CFPB Launches Nonbank Supervision Program
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.
It’s Time To Simplify Financial Regulation
The very early feedback I’ve received indicates that the industry is eager for simplification.
A New Approach to the Regulation of Consumer Credit
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.
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