Supervisory guidance

The Consumer Financial Protection Bureau has issued a statement on supervisory and enforcement practices regarding certain large loans under the regulations for Payday, Vehicle Title, and Certain High-Cost Installment Loans.

The Bureau does not intend to cite a violation in an examination or bring an enforcement action against a credit card issuer seeking to provide certain forms of relief during a phone call when the issuer does not obtain a consumer’s E-Sign consent.

The Bureau is issuing this statement to inform creditors of the Bureau’s flexible supervisory and enforcement approach during the COVID-19 pandemic regarding the timeframe within which creditors complete their investigations of consumers’ billing error notices.

The Bureau is issuing non-binding policy guidance relating to a three-day period of early compliance with the 2016 Final Rule.

Truth in Lending Act (TILA) and Regulation Z require credit card issuers to submit their currently-offered credit card agreements to the Bureau.

Policy guidance on supervisory and enforcement considerations relevant to mortgage brokers transitioning to mini-correspondent lenders.

This bulletin to provides guidance to lenders regarding the homeownership counseling list requirement finalized in the High-Cost Mortgage and Homeownership Counseling Amendments to the TILA (Regulation Z) and Homeownership Counseling Amendments to the RESPA Housing Counselor Amendments Final Rule (2013 HOEPA Final Rule).

CFPB Bulletin 2013-12.