Browsing: CFPB

Newsbytes ABA blasts misleading CFPB rhetoric on credit cards

ABA President and CEO Rob Nichols criticized the CFPB following a new report on “rigged” comparison-shopping results for credit cards and other financial products, saying the bureau’s continuing political rhetoric runs counter to what millions of U.S. cardholders actually experience.

Mortgage ABA comments on RESPA guidance

In the letter, ABA called on the bureau to rescind and revise the advisory opinion and reissue it for comment from all segments, including lenders, borrowers and settlement service providers. ABA also recommended that the bureau devote broader attention to reviewing and reforming the entirety of RESPA’s Section 8 provisions.

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