Sen. Johnson points out that a drafting error in the Dodd-Frank Act led to the current interpretation, which includes mortgage brokerage compensation in the 3% points and fees test. News
The Consumer Financial Protection Bureau on Thursday proposed a series of regulatory relief measures for small institutions, especially those in rural areas, to help them provide credit while they try to follow the agency's tough mortgage rules. News
The Consumer Financial Protection Bureau soon will release its first draft of regulations aimed at governing a wide range of short-term loans - including credit backed by car titles, some installment loans and often-criticized payday loan. Collection & Credit Risk
WASHINGTON The Consumer Financial Protection Bureau is seeking to permanently ban a credit provider in Texas from offering any services because of allegations that it ran a "sham credit card" business. Collection & Credit Risk
The Consumer Financial Protection Bureau and Financial Services Roundtable have launched a public-private initiative to promote effective financial education across the U.S. Collection & Credit Risk
WASHINGTON – The Consumer Financial Protection Bureau on Friday announced four appointments to the agency’s leadership team. Collection & Credit Risk
Complaints filed with the Consumer Financial Protection Bureau in 2014 totaled 39,185, a number that should rise by a few hundred as the totals are refined in the coming weeks. Collection & Credit Risk
The CFPB’s rapid pace is likely to continue this year as it tackles some of its trickiest areas yet, including payday loans, debt collection and overdraft protection, which are likely to have a significant impact on the financial services arena. News
Complaints about debt collection are growing among service members. There are now more than 11,000 complaints from service members, veterans and military families since the CFPB began accepting them 18 months ago. Collection & Credit Risk
Many observers agree that one of the most significant rulemakings slated for this year from the Consumer Financial Protection Bureau will be on debt collection. Depending on how it structures its proposal, the plan could capture a broad range of companies that have a hand in the credit reporting system. Collection & Credit Risk
