Browsing: CFPB

Newsbytes CFPB issues guidance for enforcing Section 1071 rule

The CFPB has issued guidance for how the agency plans to enforce its final rule implementing Section 1071 of the Dodd-Frank Act, which requires the collection and reporting of credit application data for small businesses, including women-owned and minority-owned small businesses.

Mortgage ABA seeks mortgage loan originator rule reforms

While well-intentioned, the Truth in Lending Act’s mortgage loan originator rules are extremely complex and continue to cause considerable compliance challenges due to their prescriptive and detailed restrictions on compensation for loan originators, ABA said in a letter to the CFPB.

1 2 3 5