Tag Archives: CFPB

Post-crisis Wall Street reform actions were aimed at preventing larger banks from engaging in risky financial practices. How have smaller institutions been affected?

Three government agencies have jointly issued a proposal detailing the methodology that will be used to determine the thresholds at which certain small loans will be exempt from TILA.

President Obama met with Sen. Elizabeth Warren, the primary architect of the Consumer Financial Protection Bureau and a champion of Wall Street reform, over the weekend to talk about how far the American financial system has come since the crisis.

The Consumer Financial Protection Bureau celebrated its fifth birthday on Thursday, July 21. Five years in, those in the mortgage industry continue the fierce debate on whether the Bureau is helping or harming the industry.

A few months ago, three-quarters of the U.S. House of Representatives urged the CFPB to exempt credit unions from its rulemakings. Now, a majority of U.S. Senators are petitioning the Bureau.

In the midst of a heated debate in Congress where Republicans are trying to replace Dodd-Frank with a proposal of their own, a poll showed bi-partisan support for greater financial accountability and tougher regulation.

The exemption that allows some financial institutions to skip sending annual privacy notices to consumers could soon be history, if the Consumer Financial Protection Bureau gets its way.

Violations were relatively small, but significant enough for the CFPB to require corrective action.

Ohio native and head of the CFPB Richard Cordray is not formally on Hillary Clinton's list for vice president. But some Democrats think he should be.

The Bureau reported violations due to deficient technology and process breakdowns as a result of numerous examinations of mortgage servicers since the CFPB’s new servicing rules went into effect in January 2014.