Tag Archives: CFPB

Wednesday, April 23, 2014

CFPB report reveals issues that may default student loan borrowers

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The CFPB released a report on Tuesday that revealed having a co-signer on a student loan may inadvertently allow a student loan servicer to put the borrower into default, even if payments have been made on time. According to the … Read More…

Monday, April 21, 2014

CFPB releases guide on TILA-RESPA integrated disclosure requirement

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The CFPB released a TILA-RESPA guide last week as a companion to its compliance guide for small entities, providing instructions on the completion of loan estimate and closing disclosure forms. The CFPB guide, which is presented in question-and-answer format, provides … Read More…

Thursday, April 17, 2014

CFPB proposes revisions to international money transfer rules

Remittance Money transfer

The CFPB proposed revisions on Tuesday to its international remittance rule as part of an effort to ensure financial institutions have adequate time to provide the required disclosures. “It is critical that we are able to protect consumers who send … Read More…

Monday, April 14, 2014

Coats introduces bill to protect credit unions, banks from CFPB overreach

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Sen. Dan Coats (R-Ind.) introduced a bill on Thursday to give credit unions and community banks some relief from what he called “crippling financial regulations” enacted following the 2008 financial crisis. Coats’ bill, supported by the Indiana Credit Union League … Read More…

Monday, April 7, 2014

CFPB to ramp up oversight of nonbank auto lenders

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CFPB Deputy Director Steven Antonkes said last week the agency will move ahead with a proposal to expand the regulator’s supervisory authority to cover nonbank auto lenders as part of an effort to address fair lending risks. “For some time … Read More…

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