CFPB Extends Compliance Dates for Small Business Lending Rule
The CFPB issued an interim final rule to extend compliance deadlines for the Section 1071 small business lending rule.
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CFPB Takes Action Against Repeat Offender Freedom Mortgage Corporation for Violating Law Enforcement Order and for Housing Data Errors
The CFPB filed a proposed order that would require Freedom Mortgage Corporation to pay a $3.95 million penalty for submitting error-riddled mortgage loan data.
CFPB Launches Process to Recognize Open Banking Standards
Today, the CFPB finalized a rule outlining the qualifications to become a recognized industry standard setting body, which can issue standards that companies can use to help them comply with the CFPB’s upcoming Personal Financial Data Rights Rule.
Prepared Remarks of CFPB Director Rohit Chopra at the White House on Data Protection and National Security
Director Chopra at the White House on Data Protection and National Security.
2023 HMDA Data on Mortgage Lending Now Available
The Home Mortgage Disclosure Act (or "HMDA") Modified Loan Application Register (or "LAR") data for 2023 are now available on the Federal Financial Institutions Examination Council’s (or "FFIEC") HMDA Platform for HMDA filers.
CFPB Emite Directrices para Regir los Resultados Arreglados de Comparaciones de Tarjetas de Crédito y Otros Productos Financieros
CFPB explica como las compañías que operan herramientas de comparación de productos financieros, pueden violar la ley cuando favorecen a ciertos productos o prestamistas, porque reciben comisiones por ello.
CFPB Issues Guidance to Rein in Rigged Comparison-Shopping Results for Credit Cards and Other Financial Products
The CFPB explained how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks.
CFPB Director Rohit Chopra Releases a Statement in Response to President Biden’s Executive Order To Protect Americans’ Sensitive Personal Data
CFPB Director Rohit Chopra releases a statement in response to President Biden’s Executive Order to protect Americans’ sensitive personal data.
CFPB Report Finds Large Banks Charge Higher Credit Card Interest Rates than Small Banks and Credit Unions
The Consumer Financial Protection Bureau (CFPB) today reported on the first set of results from the newly updated Terms of Credit Card Plans survey.
CFPB Orders Bank of America to Pay $12 Million for Reporting False Mortgage Data
The Consumer Financial Protection Bureau (CFPB) today ordered Bank of America to pay a $12 million penalty for submitting false mortgage lending information to the federal government under a long-standing federal law.
Prepared Remarks of CFPB Director Rohit Chopra at the Global Financial Innovation Network’s Annual General Meeting
The CFPB notes that there are a few things that routinely come up, especially related to ensuring that startups and new businesses can emerge, bring their services to market, and challenge incumbents.
CFPB Proposes New Federal Oversight of Big Tech Companies and Other Providers of Digital Wallets and Payment Apps
The Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps.
CFPB propone normativa para supervisar al Big Tech
CFPB propone supervisar a las grandes compañías no bancarias que ofrezcan servicios como billeteras digitales y aplicaciones de pago.
CFPB Proposes Rule to Jumpstart Competition and Accelerate Shift to Open Banking
The Consumer Financial Protection Bureau (CFPB) proposed a rule that would accelerate a shift toward open banking, where consumers would have control over data about their financial lives and would gain new protections against companies misusing their data.
CFPB Proposes Rule to Jumpstart Competition and Accelerate Shift to Open Banking
The Consumer Financial Protection Bureau (CFPB) proposed a rule that would accelerate a shift toward open banking, where consumers would have control over data about their financial lives and would gain new protections against companies misusing their data.
Prepared Remarks of CFPB Director Rohit Chopra on the Proposed Personal Financial Data Rights Rule
Director Chopra discussed the CFPB’s proposed rule to activate a dormant authority under a 2010 law to accelerate much-needed competition and decentralization in banking and consumer finance by making it easier to switch to a new provider.
CFPB demanda al infractor reincidente Freedom Mortgage Corporation por entregar información falsa a reguladores federales
La CFPB presenta una demanda ante un tribunal federal en la que alega que Freedom Mortgage Corporation presentó datos sobre sus préstamos hipotecarios, los cuales son exigidos por la ley, que estaban plagados de errores.
CFPB Sues Repeat Offender Freedom Mortgage Corporation for Providing False Information to Federal Regulators
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal court today, alleging that Freedom Mortgage Corporation submitted legally-required mortgage loan data that was riddled with errors.
CFPB Mortgage Report Finds Jumps in Closing Costs and Denials for Insufficient Income, Growing Proportion of Cash-Out Refinances
Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on residential mortgage lending activity and trends.
Statement of CFPB Director Rohit Chopra on Mortgage Market Activity and Trends
Today, the CFPB issued its annual report on Home Mortgage Disclosure Act data.
CFPB Issues Guidance on Credit Denials by Lenders Using Artificial Intelligence
Today, the Consumer Financial Protection Bureau (CFPB) issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence and other complex models.
CFPB Report Shows Workers Face Risks from Employer-Driven Debt
The CFPB published a report highlighting the risks employer-driven debt poses to workers.
Datos del 2022 en crédito hipotecario están disponibles
El FFIEC anunció que están disponibles datos de crédito hipotecario del 2022, reportados bajo la Ley HMDA por 4,460 instituciones financieras nacionales.
FFIEC Announces Availability of 2022 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) announced the availability of data on 2022 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,460 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies.
Agencias solicitan comentarios sobre normativa de tasaciones automáticas
Seis agencias solicitaron comentarios del público sobre normativa diseñada para garantizar credibilidad e integridad en modelos usados en tasaciones de bienes raíces.