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Inside the CFPB
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Republican AGs Say CFPB Structure Unconstitutional

August 12, 2019
Yemeng Yang
A dozen Republican state attorneys general asked the Supreme Court to review the challenge to the CFPB’s structure, stating their belief the bureau directorship is unconstitutional.
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Dems Call For the Ouster of Former CFPB Official

August 12, 2019
Yemeng Yang
Democratic lawmakers have called for the removal of Eric Blankenstein, currently a HUD official, after it was found that he likely abused his authority at the CFPB in dealing with a controversy tied to his racially-charged writings of the past.
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CFPB Guidance on Providing Loan Estimates Under TRID

August 12, 2019
Yemeng Yang
The CFPB issued a new set of frequently asked questions on whether lenders should provide loan estimates in particular cases under the integrated mortgage disclosure rule.
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CFPB Extends Comment Period for Two Proposals

August 12, 2019
Yemeng Yang
The CFPB has extended the comment period for its debt-collection proposal by 30 days and has reopened the comment period for its HMDA threshold proposal until October.
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Other News in Brief

August 12, 2019
Yemeng Yang

CSBS Stresses Need for Compliance Culture at Nonbanks

August 12, 2019
Yemeng Yang
The Conference of State Bank Supervisors in a new white paper encourages nonbank lenders to self-report violations to examiners and build a strong compliance culture.
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Eric Blankenstein May Have Abused His Position: CFPB OIG

August 1, 2019
Yemeng Yang
The former CFPB fair lending chief may have abused his authority in dealing with a controversy tied to his racially charged writings more than a decade ago.
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GSE ‘Patch’ Set to Expire in 2021

July 29, 2019
Yemeng Yang
The CFPB will allow the GSE “patch” to expire as scheduled in January 2021. Industry stakeholders demand a transition plan to avoid a disruption in the market.
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Equifax Fined $700 million for 2017 Data Breach

July 29, 2019
Yemeng Yang
Equifax agreed to pay up to $700 million to settle federal and state claims regarding its massive 2017 data breach. Consumers can file claims to receive cash reimbursement of up to $20,000 per consumer.
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GAO Raises Need to Define Standards for Credit Reporting

July 29, 2019
Yemeng Yang
The Government Accountability Office has recommended the CFPB inform the credit reporting agencies its supervisory expectations to help them better comply with the law. Efforts to reform the current credit reporting system continue in Congress.
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