Agreement with CFPB also calls for company to provide $2 billion in principal reduction to underwater borrowers.
Multi-agency council suggests creation of risk management program for social tools.
A group of 26 U.S. senators wrote a letter to CFPB Director Richard Cordray urging him to delay new mortgage rules set to take effect in January 2014.
Alaska Democrat joins 25 GOP lawmakers in asking CFPB to delay new rules that take effect in January.
NAFCU, CUNA see minimum direct impact on credit unions but leveling of playing field.
Cash America must repay $14 million, told to change practices. Military targeting, robo-signing cited.
Rule issued Wednesday requires use of new, simplified disclosure forms in English or Spanish.
Standards are not mandates, agencies say.
NCUA, other regulators considering new standards as mandated by Dodd-Frank.
Steven Van Beek has left NAFCU to join the law practice of Howard & Howard at the firm’s office in the Detroit suburb of Royal Oak, Mich.