Chopra resists requests to define ‘junk fees’ with specificity
Under pressure from Republican lawmakers to define what he meant by “junk fees”—a term coined by the bureau as part ...
Tag: Dodd-Frank
CFPB to examine nonbanks for consumer risks
The Consumer Financial Protection Bureau today said it would invoke a “largely unused” authority under the Dodd-Frank Act to directly ...
Podcast: James Ballentine reflects on his career in banking advocacy
After 22 years at ABA, the association's top lobbyist James Ballentine will soon retire. In this special episode of the ...
Biden taps Michael Barr to be Fed vice chairman for supervision
President Biden on Friday announced that he will nominate Michael Barr to serve as the next vice chairman for supervision ...
Trade groups: CFPB’s revised adjudication rules ‘a step in the wrong direction’
The CFPB’s newly revised rules of practice for administrative adjudication are “a step in the wrong direction,” expanding the powers ...
Compliance priorities on the horizon for 2022
New focuses and directions at the agencies are on the way, but a few themes have been clear and consistent.
House bill would extend CFPB supervisory authority to nonbank small biz lenders
As the CFPB looks to implement Section 1071 of the Dodd-Frank Act—which calls for the collection of small business lending ...
Republican Lawmakers Call for Changes to CFPB’s Section 1071 Proposal
Three GOP lawmakers today raised concerns about the CFPB’s pending rulemaking to implement Section 1071 of the Dodd-Frank Act.
ABA: CFPB Section 1071 Proposal Is ‘Unnecessarily Far-Reaching’
While expressing support for fair lending laws and regulations, ABA and the state bankers associations yesterday raised concerns about the ...
Regulators Signal No Changes to QRM Definition
The FDIC board yesterday determined that no changes will be made to the definition of “qualified residential mortgage” and related ...
