Following the Supreme Court decision last week in Seila Law v. CFPB—which held that the bureau may continue to operate but that its single powerful director must be able to be removed at will by the president—the CFPB today ratified most regulatory actions it has undertaken between Jan. 4, 2012, and June 30, 2020.
Browsing: Compliance and Risk
The Consumer Financial Protection Bureau today issued a long-awaited final rule removing the prescriptive underwriting provisions from its 2017 small-dollar lending rule.
The Financial Crimes Enforcement Network today issued an advisory alerting financial institutions to imposter scams and money mule schemes connected to the coronavirus pandemic.
Your communications in times of crisis—what you say and how you say it—are just as important as being able to deliver the message.
The American Bankers Association today welcomed a bill authored by Sens. John Thune (R-S.D.), Jerry Moran (R-Kan.) and Todd Young (R-Ind.) that would streamline how consumers consent to receiving electronic documents, such as bank statements, account information and contracts.
The Consumer Financial Protection Bureau this week announced updates to its rulemaking agenda. Items on the agenda and their associated timelines were submitted to the Office of Management and Budget in early March, prior to the outbreak of the coronavirus and the subsequent economic downturn.
The Consumer Financial Protection Bureau today proposed to exempt certain higher-priced mortgage loans from a requirement under Regulation Z to establish escrow accounts for those loans, as required by the S. 2155 regulatory reform law.
The pandemic pointed out three major problems for risk professionals. Here is how to solve them.
Federal financial regulators today said they will ramp up their supervisory focus on banks’ transitions away from the London Interbank Offered Rate in 2020 and 2021.
The American Bankers Association today expressed support for the Federal Reserve’s removal of the six-per-month limit on transfers or withdrawals from savings deposit accounts under Regulation D while also raising concerns about the blurring of distinctions between such accounts and transaction accounts.