The guidance will ease fears of over-stepping discrimination provisions for lenders interested in starting SPCPs, which various stakeholders believe hold promise in addressing racial homeownership gaps.

The CFPB has finalized a rule requiring open- and closed-end creditors to transition to a new index. The rule goes into effect on April 1 and provides examples of indices that are acceptable.

The usually discreet FDIC board has seen a procedural disagreement turn into news, with members of Congress weighing in. The argument is falling along partisan lines.

Buy now, pay later offerings are embedding themselves in consumer behavior, and the CFPB has taken notice.

Access Funding fined for misleading consumers; appellate court denies CFPB’s rehearing request; CFPB whistleblower webpage updated; New York attorney general eyeing servicer violations.

The Civil Penalty Fund has not been used for consumer education or financial literacy for some years. Advocates say it is time to fund the education function.

A new Urban Institute report shows that owner-occupied purchase lending in predominantly minority areas, especially by banks, was disproportionately low. The same was true for loans to minority borrowers.

A significant increase in renewal volume combined with system upgrades left a portion of NMLS users unable to complete renewals. Meanwhile, some filers had to be refunded for incorrectly charged payments. CSBS provided guidance on how to proceed.

Two CBA executives argued that regulation by enforcement means compliant behaviors can change at a moment’s notice and cause confusion for the industry as firms try to interpret enforcement outcomes. Rulemaking and guidance, they believe, is the way to go.

A partner at Alston & Bird said the bureau’s orders to six tech firms operating payment systems may have violated the Paperwork Reduction Act. The rule requires months of public outreach and OMB approval before information collection requests can be sent.