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CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May | JD Supra
JD Supra· 1 day 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· 5 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 ...
Updated: CFPB Extends Sec. 1071 Compliance Deadlines After Surviving Community Financial | JD Supra
JD Supra· 5 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 ...
Supreme Court Upholds CFPB Funding Structure, Clears Way for Payday Lending Rule Implementation | JD...
JD Supra· 5 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 ...
CFPB Targeting ‘Lack of Competition’ in Credit Reporting, Credit Scores
PYMNTS.com· 5 days agoIn prepared remarks for a speech at a Mortgage Bankers Association conference, CFPB Director Rohit...
Supreme Court rules against payday lenders in favor of Consumer Financial Protection Bureau
theGrio via AOL· 7 days agoThe case was brought by payday lenders who object to a bureau rule that limits their ability to...
Chopra says he is ‘open to’ reviewing the LO comp rule
HousingWire via Yahoo Finance· 5 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· 5 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 ...
Phantom Debt & BNPL: What New Regulations Mean For Pay Later Industry
Forbes· 1 day agoRecent data from the Federal Reserve Bank of New York reveals a troubling trend in credit card...
MBA Secondary 2024 LIVE BLOG – State of Mortgage Markets, Rates, Regs, Lenders
The Basis Point via Yahoo Finance· 5 days agoThis post originally appeared on The Basis Point: MBA Secondary 2024 LIVE BLOG – State of Mortgage...