CFPB

• CFPB Files Formal Request for Private Student Loan Information

  By Heather Anderson  |  February 21, 2013

  Bureau posted request in the Federal Register on Thursday and said it will use the information to develop recommendations for policymakers.

• Eight More States Petition D.C. Court to Join Dodd-Frank Suit

  By Heather Anderson  |  February 14, 2013

  Alabama, Georgia, Kansas, Montana, Nebraska, Ohio, Texas and West Virginia would join Oklahoma, South Carolina and Michigan in challenge to CFPB, FSOC.

• CFPB Will Provide Rule Summaries, Guidance and Exam Checklists for CUs

  By Heather Anderson  |  February 13, 2013

  Effort addresses rules finalized last month on qualified mortgages, ability to repay.

• Cordray Addresses Remittances, Mortgage Rules at NCUA Webinar

  By Heather Anderson  |  February 13, 2013

  Both NCUA Chairman Debbie Matz and Consumer Financial Protection Bureau Director Richard Cordray revealed developments in ongoing regulatory issues during a Feb. 5 webinar in which both answered questions from their credit union audience.

• Cordray: Regulators Shouldn’t Steer Lenders to Qualified Mortgages

  By Heather Anderson  |  February 8, 2013

  Director tells CFPB briefing that new rules aren’t intended to pressure lenders into meeting QM standards on all mortgages.

• CFPB Rules Overturn Seen as Unlikely

  By Heather Anderson  |  February 6, 2013

  Although the District of Columbia Circuit Appeals Court invalidated President Barack Obama’s recess appointments to the National Labor Relations Board and potentially overturned the board’s decisions since early 2012, credit unions shouldn’t assume the ruling means the CFPB will meet the same fate, said NAFCU President/CEO Fred Becker.

• Cordray: Opposing Comments Delayed Mortgage APR Rule

  By Heather Anderson  |  February 5, 2013

  But Dodd-Frank requires fees and closing costs to be included in calculations, so bureau finding a way, director said.

• Cordray: CFPB Will Not Increase Exemption in Final Remittance Rule

  By Heather Anderson  |  February 5, 2013

  Bureau director tells NCUA webinar that he expects final rule this month or next, compliance to begin in May or June.

• Senate Bill Would Replace CFPB Director With Five-Member Commission

  By Heather Anderson  |  February 1, 2013

  Kansas Republican Moran says measure would make CFPB similar in structure to SEC, add accountability and oversight.

• CFPB, NCUA Webinar Coming Tuesday

  By Marc Rapport  |  February 1, 2013

  Topics for Debbie Matz and Richard Cordray include Ability-to-Repay, qualified mortgage rules.