CFPB

• CFPB Seeks to Delay Credit Insurance Rule

  By Heather Anderson  |  May 15, 2013

  The Consumer Financial Protection Bureau has issued a proposed rule and request for comment regarding a temporary delay in the June 1 effective date of a final rule provision that would prohibit the financing of credit insurance into a mortgage.

• Banker Survey: CFPB’s QM Exemption Too Narrowly Defines 'Rural'

  By Heather Anderson  |  May 10, 2013

  ICBA says many of its rural members often make non-traditional loans that would not be allowed under proposed new rules.

• CFPB Delays Credit Insurance Rule to Clarify Language

  By Heather Anderson  |  May 9, 2013

  Provision was to take effect on June 1. CUNA has asked for extension until January.

• CFPB Doubles Remittance Compliance Time

  By Heather Anderson  |  May 8, 2013

  The Consumer Financial Protection Bureau released its final remittance rule April 28 and gave providers six months to comply, setting an Oct. 28 effective date. The bureau had originally proposed a 90-day compliance window following its release of the final rule.

• GSE Change Seen Minimal for Credit Union Mortgage Lenders

  By David Morrison  |  May 7, 2013

  Not much impact seen from Fannie Mae, Freddie Mac decision to buy only qualified mortgages after Jan. 10, 2014.

• Fannie and Freddie to Reject Non-QM Mortgages Starting January 2014

  By Heather Anderson  |  May 6, 2013

  FHFA said the GSEs will generally not buy loans that don't meet the CFPB's new "ability to repay rule."

• CFPB Sets Oct. 28 Remittance Compliance Date

  By Heather Anderson  |  April 30, 2013

  Bureau issues final rule Tuesday without any credit union-requested changes.

• CFPB Issues Final Rule Allowing Stay-at-Home Spouses Easier Access to Credit Cards

  By Marc Rapport  |  April 29, 2013

  Reg Z change will allow third-party income to be considered under CARD Act of 2009.

• CFPB’s Payday Lending Criticism Includes Banks, Credit Unions

  By Heather Anderson  |  April 24, 2013

  Bureau report takes on deposit advance loans but stops short of promising new rules.

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  Not So Fast: Democrat Waters Says She'll Fight Hensarling's Cordray Ban

  By Heather Anderson  |  April 23, 2013

  Rep. Maxine Waters says she'll invoke rules in response to House Financial Services Committee testimony ban by Texas Republican.