CFPB Names New Members to Community Bank Advisory Council
The Consumer Financial Protection Bureau today announced the appointment of new members to its Community Bank Advisory Council.
Browsing: CFPB reform
CFPB to Make ABA-Advocated Changes to Complaint Database
The Consumer Financial Protection Bureau will continue to publish a database of consumer complaints, but it will make several key changes to increase transparency and provide full context for consumers, the agency announced today.
Report: CFPB Will Not Defend Its Leadership Structure in Court
The Consumer Financial Protection Bureau will not defend the constitutionality of its leadership structure—with a single powerful director who can be removed by the president only “for cause,” not at will—according to letters sent by CFPB Director Kathy Kraninger.
Kraninger Outlines Supervisory Burden Reduction Efforts at ABA RCC
The federal banking agencies are working to reduce excessive supervisory burdens through automation and shared data submission, Consumer Financial Protection Bureau Director Kathy Kraninger said today at the ABA Regulatory Compliance Conference in New Orleans.
A Community Banker’s Voice at the CFPB
On the latest episode of the ABA Banking Journal Podcast, Minnesota community bank CEO Bryan Bruns talks about what community banking looks like in his market, his bank’s recent anniversary and his role as a member of the Consumer Financial Protection Bureau’s Community Banker Advisory Board.
CFPB Pledges More Transparency in Civil Investigative Demands
The Consumer Financial Protection Bureau today announced that it will change its policy on civil investigative demands to improve transparency.
CFPB’s Kraninger Signals Next Steps on Clarifying ‘Abusive’ Standard in UDAAP
The Consumer Financial Protection Bureau will take the next step in its effort to clarify the meaning of “abusive acts or practices” under Section 1031 of the Dodd-Frank Act, CFPB Director Kathy Kraninger said today in her first public remarks.
CFPB to Focus on ‘Prevention of Harm’ Under Kraninger’s Leadership
The Consumer Financial Protection Bureau will focus on “the prevention of harm” under her leadership, CFPB Director Kathy Kraninger said in her first appearance before Congress since being named head of the agency.
Compliance in 2019: What to Expect and Where to Focus
From HMDA to CRA and from fair lending to anti-money laundering, 2019 promises to be a busy year in the world of compliance.
ABA, Groups Welcome CFPB ‘Sandbox’ Proposal
In a letter to the Consumer Financial Protection Bureau today, ABA and three other trade groups offered their support for the bureau’s proposed changes to its 2016 no-action letter policy and its proposal to establish a “sandbox” where banks and nonbank fintech firms can test new products, services and delivery mechanisms.