Tag Archives: CFPB reform

ABA Calls for Clarification on Fair Lending Standards in Letter to CFPB

In a comment letter to the Consumer Financial Protection Bureau today -- the ninth of 12 that the association will submit in response to the bureau’s ongoing feedback initiative -- ABA encouraged the bureau to update the regulations and related commentaries it inherited from other federal agencies on a regular basis as issues and questions arise and markets evolve.

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ABA, Trade Groups Urge Fixes to CFPB Remittance Rule

As part of the Consumer Financial Protection Bureau’s ongoing feedback initiative, ABA and its transaction banking subsidiary BAFT, joined by the Clearing House and the Consumer Bankers Association, urged the CFPB to make several much-needed rule changes to its remittance rule.

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ABA Urges CFPB to Ensure Rules are ‘Consistent with the Law’

The Consumer Financial Protection Bureau should consider whether the rules it has written since 2011 are “consistent with the law, clear, and whether they promote the financial interests of consumers in a strong, vibrant, and innovative market that offers the variety of financial products and services that consumers want and value,” the American Bankers Association said in a comment letter to the bureau today.

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CFPB Dismisses PHH Lawsuit

Consumer Financial Protection Bureau Acting Director Mick Mulvaney announced today that the bureau will drop its case against mortgage lender PHH Corp.

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ABA Urges CFPB to Abandon Public Complaint Database

In a comment letter to the Consumer Financial Protection Bureau today — the sixth of 12 the association will submit as part of the bureau’s ongoing feedback initiative — ABA urged the bureau to stop publishing individual consumer complaints and complaint narratives. The association pointed out that the practice of publishing individual complaints — which began under the bureau’s previous leadership ...

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