A number of different reasons lead to decline.
Credit reporting agencies and the ability to filter complaints by state also added to bureau offering.
CFPB on Wednesday issued an amended final qualified mortgage rule that provides new exemptions for small lenders.
NAFCU has added CFPB Director Richard Cordray to the speaker list for its 46th annual conference set for July 9-13 at the Hynes Convention Center in Boston.
Last week Credit Union Times, via CUTimes.com, broke the story that former Oregon Senator Rick Metsger was going to the be the White House’s nominee to fill the vacant seat on the NCUA Board, later confirmed by the administration.
If recent history is any indicator, nomination to the NCUA Board is no assurance of joining the NCUA Board, at least not quickly.
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.
Provision was to take effect on June 1. CUNA has asked for extension until January.
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.
FHFA said the GSEs will generally not buy loans that don't meet the CFPB's new "ability to repay rule."