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Vindicated by Supreme Court, CFPB director says bureau will add staff, consider new rules on banks
Associated Press Finance via Yahoo Finance· 7 days agoThe opinion reversed a lower court's ruling and drew praise from consumer advocates, as well as some...
Phantom Debt & BNPL: What New Regulations Mean For Pay Later Industry
Forbes· 8 hours agoRecent data from the Federal Reserve Bank of New York reveals a troubling trend in credit card delinquencies, particularly among young adults. Americans collectively owe an estimated $1.12 trillion ...
Updated: CFPB Extends Sec. 1071 Compliance Deadlines After Surviving Community Financial | JD Supra
JD Supra· 4 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 Remarks on SCOTUS Decision; Extended 1071 Small Business Lending Compliance Dates | JD Supra
JD Supra· 4 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· 4 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 ...
Supreme Court rules against payday lenders in favor of Consumer Financial Protection Bureau
theGrio via AOL· 6 days agoThe case was brought by payday lenders who object to a bureau rule that limits their ability to...
CFPB Targeting ‘Lack of Competition’ in Credit Reporting, Credit Scores
PYMNTS.com· 4 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· 4 days agoAnd he would be willing to reexamine the decade-old rule that prohibits LOs from misclassifying lead...
Consumers, Financial Services Win With CFPB Making Rules of Road
Bloomberg Law· 7 days agoThe challenge to the now 13 year-old agency was brought by a trade association representing payday lenders and was based on the CFPB’s supposedly unaccountable funding mechanism ...
SCOTUS Upholds CFPB Funding Mechanism | JD Supra
JD Supra· 4 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 ...