2021 Compliance Priorities, Updated
A quarter into the year, a quick check on how key areas are changing, with some important suggestions.
Browsing: UDAAP
CFPB Rescinds 2020 Policy Statement on ‘Abusive’ Practices Under UDAAP
The Consumer Financial Protection Bureau today rescinded a January 2020 policy statement that clarified the bureau’s approach to citing and challenging “abusive” conduct in supervision or enforcement actions.
Compliance Priorities for 2021
In light of the challenges throughout 2020, a high compliance priority will be ensuring that your interactions with your borrowers are above reproach.
CFPB Policy Statement Provides Clarity on ‘Abusive’ Practices Under UDAAP
The Consumer Financial Protection Bureau today issued a policy statement outlining how it intends to cite and challenge “abusive” conduct in supervision or enforcement actions.
CFPB to Host Symposium on UDAAP’s ‘Abusive’ Standard
As previewed earlier this year by CFPB Director Kathy Kraninger, as part of its effort to clarify the meaning of “abusive acts or practices,” the bureau will host a symposium on June 25 in Washington, D.C.
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.
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.
CFPB Updates Rulemaking Agenda for Fall 2018
The Consumer Financial Protection Bureau yesterday updated its rulemaking agenda for the remainder of 2018.
Mulvaney: CFPB to Provide Clarity on UDAAP Standard
The Consumer Financial Protection Bureau will likely issue a rule to define what kinds of practices it considers “abusive” under the Dodd-Frank Act, providing greater clarity to the controversial UDAAP standard created by the statute, Acting Director Mick Mulvaney said today.
Fed Launches Consumer Compliance Supervision Bulletin
The Federal Reserve has launched a new Consumer Compliance Supervision Bulletin that will share information about examiners’ observations and other developments related to consumer protection.