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CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May | JD Supra
JD Supra· 3 days agoOn May 13, 2024, the CFPB and Federal Reserve Board ("FRB") jointly announced adjusted dollar amounts relating to the availability of customer funds. In 2019, the
CFPB Remarks on SCOTUS Decision; Extended 1071 Small Business Lending Compliance Dates | JD Supra
JD Supra· 6 days agoLast week, the CFPB held a virtual press conference to address industry questions regarding the status of pending matters. The CFPB noted that multiple ...
Supreme Court Upholds CFPB Funding Structure, Clears Way for Payday Lending Rule Implementation | JD...
JD Supra· 6 days agoThe issue centered on the manner in which Congress decided to fund the CFPB when it created the agency as part of the Dodd-Frank Act in 2010. The agency is organized under ...
Updated: CFPB Extends Sec. 1071 Compliance Deadlines After Surviving Community Financial | JD Supra
JD Supra· 6 days agoUPDATE: Minutes after the below QuickStudy was published, the CFPB declared that it will issue an interim final rule to extend compliance deadlines for ...
CFPB Targeting ‘Lack of Competition’ in Credit Reporting, Credit Scores
PYMNTS.com· 6 days agoIn prepared remarks for a speech at a Mortgage Bankers Association conference, CFPB Director Rohit...
Chopra says he is ‘open to’ reviewing the LO comp rule
HousingWire via Yahoo Finance· 6 days agoAnd he would be willing to reexamine the decade-old rule that prohibits LOs from misclassifying lead...
SCOTUS Upholds CFPB Funding Mechanism | JD Supra
JD Supra· 6 days agoIn a landmark decision issued on May 16, the Supreme Court held that the Consumer Financial Protection Bureau’s (CFPB) funding mechanism is constitutionally sound, as it does ...
MBA Secondary 2024 LIVE BLOG – State of Mortgage Markets, Rates, Regs, Lenders
The Basis Point via Yahoo Finance· 6 days agoThis post originally appeared on The Basis Point: MBA Secondary 2024 LIVE BLOG – State of Mortgage...
Troutman Pepper Weekly Consumer Financial Services Newsletter - May 2024 # 3 | JD Supra
JD Supra· 5 days agoOn May 20, the Consumer Financial Protection Bureau (CFPB) took action against Western Benefits Group for allegedly charging illegal advance fees for student loan debt relief ...
How The Constitution Was Weaponized Against America’s Poorest Borrowers
Forbes· 4 days agoAmerica’s 12 million payday loan borrowers are off the radar screen of high finance, but their fee...