The final rule would have rescinded procedures that require a state official to notify the bureau when they take action to enforce the Consumer Financial Protection Act.
Pawnshop settles MLA lawsuit; CFPB won’t reissue a medical debt collection AO; federal judge vacates medical debt rule; CFPB places a top staff member on leave; OCC will no longer examine for disparate impact liability; FDIC releases the top regulatory violations for 2024.
The trade group’s call comes weeks after the CFPB hinted it may look to rescind its loan originator compensation rule.The trade association's new white paper comes weeks after the CFPB hinted it may look to rescind the LO Comp rule altogether.
Other courts could also determine that the CFPB’s withdrawn guidance can still be considered in legal matters, according to attorneys at the law firm of Holland & Knight.
The CFPB now estimates that only 5.8% of the U.S. adult population in 2010 was without a credit record — a decrease from an 11.0% estimate published by the bureau in 2015.