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CFPB

CFPB cites Chase for poor checking account notifications

CFPB cites Chase for poor checking account notifications

Bank hit with $4.6 million fine, other sanctions
S&P Global Market Intelligence, formerly S&P Capital IQ and SNL, is the premier provider of breaking news, financial data, and expert analysis on business sectors critical to the global economy. This article originally appeared on the SNL subscriber side of S&P Global's website.

Congressional members go after CFPB rule

House, Senate Republicans introducing resolutions to repeal arbitration rule
Signing mandatory arbitration agreements would become a barred practice under a new CFPB rule. Opponents are calling on Congress to overturn the controversial new rule.

Arbitration rule draws brickbats and likes

Long time coming, CFPB rule to affect new consumer contracts but not existing ones
CFPB keeps on going ...

CFPB keeps on going ...

Despite hostile Republicans, consumer protection agency plows ahead
The CFPB has begun publicly exploring the gathering of data on lending activities with women- and minority-owned businesses. This type of data has been collected on mortgage lending for many years and given rise to fair-lending lawsuits.

CFPB delving into small-business fair-lending

Consumer agency presses forward with Dodd-Frank mandate to gather race and gender data
Prepaid cards have challenges from newer technology and compliance costs, but some surprising trends uncovered in a new study highlight continuing potential.

Pending rule spreads prepaid compliance “wealth”

Consumer protections to impact prepaid credit industry beyond old boundaries
A controversial agency comes under a controversial executive order.

Bureau comes under a Trump action

CFPB covered by executive order on plan for reorganizing executive branch
Compliance expert Lucy Griffin warns that pendulums swing both ways, and bankers who count on permanent change forget that at their peril.

Regulatory relief: When the pendulum swings ...

… be careful or it will smack you when it swings back
Alternative data—nontraditonal measures of creditworthiness—could help "credit invisible" people, but some see dangers in adoption of new measures.

Bureau turns up debate on “alternative data”

CFPB holds hearings, seeks comments on benefits, risks
By definition a complaints report does not focus on good news, but some servicers have seen decreases in complaint rates. Others,however, have seen increases.

Mortgage servicing featured in bureau complaint tally

Report unpopular in industry shows some positives for some servicers
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