Consumer Financial Protection Bureau Publishes First Risk|Based ...

Update on CFPB Small Business Lending Data Collection Rule ...

This insight provides a high-level overview and the first in a series of updates that address industry developments, ongoing litigation, and ...

Consumer Financial Protection Bureau on AI Worker Surveillance

On October 24, the CFPB issued Circular 2024-06, which warns companies using third-party consumer reports, particularly surveillance-based “ ...

The Consumer Financial Protection Bureau's New Approach

INTRODUCTION. On July 21, 2010, Congress authorized the formation of the first federal agency devoted solely to consumer financial ...

What new supervised institutions need to know about working with ...

The CFPB implements risk-based supervision through a “prioritization” approach to allocating our supervisory resources, which is described ...

CFPB Takes on Failure to Adopt "Common Data Security Practices"

The CFPB warned that data security shortcomings could subject financial services firms to unfairness claims under the CFPA—even if those ...

CFPB To Financial Companies: Beef-Up Data Protection Measures ...

As an initial matter, the Circular states that an actual data breach is not a prerequisite for an organization to violate the CFPA's prohibition ...

Consumer Financial Protection Bureau (CFPB) Overview

How the CFPB Helps Consumers · The first goal is to empower consumers to live better economic lives by creating tools and answering questions to help consumers ...

Advocacy Submits Comments on CFPB's Registry of Nonbank ...

On January 30, 2023, the Consumer Financial Protection Bureau (CPFB) published a notice of proposed rulemaking for the Registry of Nonbank ...

CFPB Announces Sweeping Data Broker Rulemaking - Jones Day

Speaking from the White House last week, CFPB Director Rohit Chopra announced the CFPB's intent to promulgate a new "data broker rulemaking." In ...

Consumer Finance Law: Understanding Consumer Financial ...

A global pandemic, ensuing economic decline, and mandated changes from the Dodd-Frank Act have provided greater challenges and opportunities in ...

Methodology for Determining Average Prime Offer Rates

... initial, fixed-rate period. The Consumer Financial Protection Bureau (CFPB) makes available the survey data used to calculate APORs. This Methodology first ...

2023 Consumer Financial Protection Bureau (CFPB) Language ...

The CFPB has also sought input from a range of stakeholders, including financial educators, community-based organizations, financial institutions, state and ...

What Is the Consumer Financial Protection Bureau (CFPB)?

First, the CFPB ensures that financial entities are compliant with federal financial regulations. ... based on your risk tolerance. Photo Credit: ...

US bank regulation under Trump: Basel in doubt, digital assets rise ...

CFPB: New rules at risk · Section 1033 — The CFPB released its final “open banking rule” on October 22, the culmination of an eight-year process ...

Updated Ability-To-Repay and Qualified Mortgage Requirements ...

... risk under the agency's enterprise risk-management program. NCUA's ... Consumer Financial Protection Bureau (CFPB). Subject. Mortgage Lending. To.

Commercial Lenders: Are You Getting Ready for the CFPB?

On March 30, 2023, the Consumer Financial Protection Bureau (“CFPB”) (finally) issued its Final Rule on Section 1071 — only one day ahead of ...

The CFPB's Final Rule on Personal Financial Data Rights

The Consumer Financial Protection Bureau (CFPB) has issued a final rule implementing Section 1033 of the Consumer Financial Protection Act ...

Independent Accountants' Report on the CFPB's Fiscal Year 2023 ...

Specifically, we found that the CFPB met the first two requirements by. (1) publishing an annual financial statement for the most recent fiscal ...

The CFPB Is Cleaning Up Junk Fees - Center for American Progress

This issue brief discusses three recent policies that the CFPB has put forward to 1) rein in exorbitant credit card late fees; 2) impose greater ...

CFPB Publishes First Application for Open Banking Standard-Setter

The Consumer Financial Protection Bureau (CFPB) is inviting public comments on the first application from an organization seeking recognition as an open ...