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CFPB - Banking Exchange
The program allows CFPB to authorize parameters for in-market testing of alternatives to required disclosures
The regulations would ensure nonbank financial companies adhere to the same rules as large banks and credit unions
The ABA has warned of concerns over implementation costs
The rule requires banks to collect and report data on credit applicants
The ABA and Bank Policy Institute also claim that Section 1071 data rules could negatively impact community-based lending
The CFPB should wait until the Supreme Court rules on its funding, say industry bodies
CFPB and OCC step in after investigation finds “double-dipping” and unauthorized accounts practices
The Consumer Financial Protection Bureau (CFPB) issued a special edition of its Supervisory Highlights that focuses on violations of law
ABA and ICBA criticize extra burdens on small businesses and community banks caused by final Section 1071 rule
‘Buy now, pay later’ products should be subject to the same rules as other forms of credit, says director Rohit Chopra
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