The consumer watchdog is considering making nonbank financial institutions “register” with the agency. Details? Not many.

The National Community Reinvestment Coalition and 39 other trade groups have called for Utah-based TAB Bank’s Community Reinvestment Act rating to be downgraded over its partnership with a nonbank retail installment lender.

ACE Cash Express, a payday lender, is being sued by the CFPB for concealing free repayment plans from borrowers. The PE-owned ACE denies the charges.

The government watchdog has called on the Comptroller of the Currency to revamp some of its redlining examination tools. Specifically, OCC should give time frames for a planned information repository and update its procedures to account for new statistical analysis techniques.

A new Office of Oversight; credit repair organizations want human trafficking rule changed; court sets Section 1071 rule deadline; CFPB says using credit reports requires permissible purpose; BofA fined: CFPB to clarify on earned wage access.

The CFPB’s spring regulatory agenda had only one mortgage-related item: automated valuation models. The bureau expects to issue a proposed rule on the matter in December.

The CFPB could shake up standards for QMs, revising provisions established near the end of the Trump administration.

The business group has launched a media campaign targeting CFPB Director Rohit Chopra over his aggressive regulatory agenda. If left unchecked, Chopra’s actions will harm consumers and the economy, the Chamber of Commerce warned.

In an interpretive rule, the CFPB affirmed states’ ability to enforce fair credit reporting laws that reflect challenges and risks affecting their local economies and residents.

The bureau plans to review a Federal Reserve immunity provision that safeguards credit card issuers from enforcement scrutiny if they set late fees at a particular level.