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Congress Votes to Scrap CFPB Small Business Lending Data Rule

Congress Votes to Scrap CFPB Small Business Lending Data Rule

The ABA and ICBA have praised Congress’ decision to nullify the rule
BoA Pays $12M Fine for Mortgage Data Misreporting

BoA Pays $12M Fine for Mortgage Data Misreporting

The CFPB has levied the fine for failing to collect information on some mortgage applications
CFPB Approves First Step for Mortgage Disclosures Project

CFPB Approves First Step for Mortgage Disclosures Project

The program allows CFPB to authorize parameters for in-market testing of alternatives to required disclosures
CFPB Proposes Extending Supervision to Nonbank Payment Providers

CFPB Proposes Extending Supervision to Nonbank Payment Providers

The regulations would ensure nonbank financial companies adhere to the same rules as large banks and credit unions
ABA Criticizes Proposed CFPB Rule On Personal Finance Data

ABA Criticizes Proposed CFPB Rule On Personal Finance Data

The ABA has warned of concerns over implementation costs
Senate Passes Resolution Against CFPB Small Business Rule

Senate Passes Resolution Against CFPB Small Business Rule

The rule requires banks to collect and report data on credit applicants
CRA Lending Will Suffer If Capital Requirements Rise, Banks Argue

CRA Lending Will Suffer If Capital Requirements Rise, Banks Argue

The ABA and Bank Policy Institute also claim that Section 1071 data rules could negatively impact community-based lending
Banking Groups Push for Delay 1071 Rule

Banking Groups Push for Delay 1071 Rule

The CFPB should wait until the Supreme Court rules on its funding, say industry bodies
Bank of America Fined $250M Over ‘Illegal’ Fees

Bank of America Fined $250M Over ‘Illegal’ Fees

CFPB and OCC step in after investigation finds “double-dipping” and unauthorized accounts practices
Overdraft and NSF Fees Continue to Draw the Ire of Regulators as the CFPB Escalates its Scrutiny of So-Called “Junk Fees”

Overdraft and NSF Fees Continue to Draw the Ire of Regulators as the CFPB Escalates its Scrutiny of So-Called “Junk Fees”

The Consumer Financial Protection Bureau (CFPB) issued a special edition of its Supervisory Highlights that focuses on violations of law
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