The draft CFPB Reform Act, which is backed by CFPB Acting Director Russell Vought and House Republicans, seeks to bring the agency under the appropriations process, among other reforms.
The bureau has called for feedback regarding the TILA-RESPAIntegrated Disclosure rule, issues involving reverse mortgages and fee disclosure tolerance thresholds.
Brandon Milhorn, president and CEO of the Conference of State Bank Supervisors, said technology can completely change how state examinations are conducted.
Federal agencies warned that lending to non-work-authorized individuals presents elevated credit risks because their ability to generate income and maintain employment may be subject to greater uncertainty.
Former CFPB enforcement leaders launch law firm; Democrats question CFPB complaint portal changes; New California agency led by former CFPB Director Rohit Chopra launches.
Freddie Mac servicers will have to transition from the monthly foreclosure reporting cycle of its old EDR system to a “near real-time” system based on key events.