CFPB Resource Center

  • November 1, 2013
    Senators Question CFPB’s Indirect Auto Lending Bulletin On October 30, 2013, Sens. Rob Portman (R-OH) and Jeanne Shaheen (D-NH) lead a bipartisan group of 22 Senators in a letter to CFPB Director Cordray regarding the Bureau’s March 21, 2013, bulletin on indirect auto lending. The letter echoes concerns raised this summer by members of the House of Representatives. The Senators call for...
  • October 25, 2013
    CFPB Issues Remittance Exam Procedures On Tuesday, October 22, 2013, the CFPB announced the publication of exam procedures and a small entity guide for the remittance rules, which take effect on October 28, 2013. The CFPB also announced the launch of an eRegulations tool, a web-based version of the Bureau’s rules. Regulation E, including the remittance rule, is the first regulation to be included...
  • October 18, 2013
    CFPB Issues Bulletin, Interim Rules to Clarify Mortgage Servicing Requirements On Tuesday, October 15, 2013, the CFPB released a bulletin and interim final rule providing additional guidance on the mortgage servicing rules issued in January. The guidance addresses several issues, such as communications with family members of deceased barrowers, contact with delinquent borrowers, and the treatment...
  • October 11, 2013
    Enforcement Attorneys Will Not be Present at CFPB Examinations On Wednesday, October 9, 2013, The Wall Street Journal reported that the Consumer Financial Protection Bureau (CFPB) indicated it is changing its policy regarding enforcement attorney involvement in the examination process. Beginning November 1, 2013, CFPB enforcement attorneys will no longer be present at examinations. Industry...
  • October 4, 2013
    CFPB Releases Second Annual CARD Act Report On Wednesday, October 2, 2013, the CFPB issued a report on the effects the Credit Card Accountability Responsibility and Disclosure (CARD) Act has had on the consumer credit card market. The report details how the Act has reduced penalty fees and made the cost of credit cards clearer to consumers. The report found the total cost of credit declined by...
  • September 27, 2013
    Bipartisan Policy Center Releases Report Analyzing CFPB’s Progress On Tuesday, September 24, 2013, the Bipartisan Policy Center, a DC-based think tank, released a report entitled , “The Consumer Financial Protection Bureau: Measuring the Progress of a New Agency.” The report reviews the CFPB’s progress since its inception two years ago, providing recommendations for improvements. It covers the...
  • September 20, 2013
    CFPB Finalizes Additional Changes to Mortgage Rules On Friday, September 13, 2013, the CFPB finalized several amendments to the mortgage lending and servicing rules released earlier this year. The Bureau announced the proposed amendments in June in response to questions and suggestions from industry participants. The rules go into effect in January of 2014. The amendments are as follows:...
  • September 13, 2013
    Director Cordray Testifies Before House Financial Services Committee On Thursday, September 12, 2013, Director Cordray testified before the House Financial Services Committee on the Consumer Financial Protection Bureau’s (CFPB) Semi-Annual Report to Congress, which covers the last six months of 2012. In his opening statement, Chairman Hensarling highlighted the lack of checks and balances on the...
  • September 6, 2013
    CFPB Names Steven Antonakes Deputy Director On Wednesday, September 4, 2013, the CFPB officially named Steven Antonakes its deputy director. He has served as the Bureau’s acting deputy director since January. CBA President and CEO, Richard Hunt, issued a statement congratulating Antonakes, adding, “CBA looks forward to continuing to work with the CFPB and him in the coming months and years.” CFPB...
  • August 30, 2013
    CFPB Consumer Advisory Board to Meet The CFPB has announced on its blog that the Consumer Advisory Board will meet on September 18, 2013 in Itta Bena, Mississippi, to discuss “innovate strategies for improving consumer access to credit, information, and financial resources.” Director Cordray is scheduled to give remarks, and the event is open to the public. CFPB Announces Student Debt Report...

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