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- March 23, 2018On Wednesday, March 14, 2018, the CFPB issued its Request for Information (RFI) on the Bureau’s adopted regulations and new rulemaking authorities. This is the eighth in a series of RFIs announced as part of Acting Director Mick Mulvaney’s call for evidence to ensure the Bureau is fulfilling its proper and appropriate functions to best protect consumers. The next RFI in the series will address...March 22, 2018On Thursday, March 22, 2018, the CFPB issues its Request for Information (RFI) on the Bureau’s inherited regulations and inherited rulemaking authorities. This is the ninth in a series of RFIs announced from the Bureau in an effort to assess the overall efficiency and effectiveness of its rulemaking processes. The next RFI in the series will address the Bureau’s guidance and implementation...March 20, 2018On Tuesday, March 20, 2018, the CFPB issued a report on the 2017 activities of the Bureau and the Federal Trade Commission (FTC) to combat illegal debt collection practices. The annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA) details the agencies’ efforts to stop unlawful debt collection practices, including vigorous law enforcement, education and...March 20, 2018On Tuesday, March 20, 2018, the CFPB granted CBA extension requests. The CID comment letter is now due on April 26, the adjudication comment letter is now due on May 7, and the enforcement comment letter is now due on May 14. Please see the updated information on the following pages of the Bureau’s website: https://www.consumerfinance.gov/policy-compliance/notice-opportunities-comment/open-...March 15, 2018On Thursday, March 15, 2018, the OCC issued a press release stating that performance of first-lien mortgages remained largely unchanged during the fourth quarter of 2017 compared with a year earlier, according to the OCC’s quarterly report on mortgages. Highlights from the report are: 94.5 percent of mortgages included in the report were current and performing at the end of the quarter, compared...March 8, 2018On Thursday, March 8, 2018, the CFPB issued its final rule aimed at giving mortgage servicers more latitude in providing statements to consumers entering or exiting bankruptcy, as required by the CFPB’s 2016 mortgage servicing rule. The Truth in Lending Act requires mortgage servicers to provide periodic statements to borrowers, and the Bureau has developed sample forms for servicers to use. The...March 7, 2018On Wednesday, March 7, 2018, the CFPB issued its request for information on the Bureau’s rulemaking processes. This is the seventh RFI so far to come from the Bureau in an effort to assess the overall efficiency and effectiveness of its rulemaking processes. The next RFI will be released next week and address the Bureau’s adopted rules. The Bureau anticipates issuing RFIs on the following topics...February 22, 2018On Thursday, February 22, 2018, CBA met with Treasury staff to discuss their upcoming report on nonbank financial companies. This report is part of the Treasury’s effort to implement the President’s Executive Order on Core Principles for Regulating the U.S. Financial System. Treasury stated the report would cover consumer lending, servicing, payment and settlements, wealth management, and data...February 21, 2018CPE Credit-Eligible Sessions Below is a list of CBA LIVE 2018 sessions eligible for CPE Credits. For more comprehensive information about each session, view our interactive program here . Participants will earn 1.0 CPE credit offered for each 1-hour session. Monday, March 12, 2018 Managing Redlining Risk in Fair & Responsible Banking Dawn of a New Day: Regulatory Panel The Rise of Open...February 21, 2018On Wednesday, February 21, 2018, the CFPB released its fifth in a series of requests for information (RFI). The series of RFI's is part of Acting Directory Mick Mulvaney’s call for evidence to ensure the Bureau is properly fulfilling its function to protect consumers. This RFI will focus the Bureau’s external engagements, and the Bureau has also released the topics for the remainder of the RFIs...