The CFPB has proposed a rule that aims to simplify the Home Mortgage Disclosure Act reporting requirements for financial institutions. Institutions that produce fewer than 25 mortgages a year would be exempted from reporting requirements.
Las Vegas conferences, NCUA oversight, interest rate risk, the fixed asset cap, taxes and the CFPB take hits in this editor's column.
Study on overdrafts caused by debit transactions also finds courtesy pay services drastically increase fees paid by consumers.
CFPB director appears before a congressional subcommittee to discuss whistleblowers' discrimination claims.
While the proposed rule exempts institutions that book fewer than 25 mortgages annually, it also includes new reporting requirements.
Both consumers and the entities about which they complain will post their stories online.
Regulator says borrowers' heirs can be added to a mortgage without triggering ability-to-repay rules.
GE Capital Bank must repay $169M for discrimination and $56M for deceptive marketing.
Operation Choke Point investigation could result in better transparency for all financial regulators.
Oklahoma senator opposes the CFPB's $185M renovation project during a Banking Committee hearing.