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Inside the CFPB
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Short Takes: Bill Dallas Speaks / FoA’s New Reverse Product / A Blow-Out Earnings Number from Freddie? / Fannie? / No Permanent President for Ginnie, Still / Former FHLB Chicago Exec Named President of CU Mortgage Firm

October 29, 2018
Paul Muolo and Brandon Ivey
On Wednesday, Freddie Mac will release third-quarter results...
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ECOA Rulemaking Likely to Limit the Use of Disparate Impact

October 29, 2018
The CFPB is expected to limit the use of disparate-impact analysis under the Equal Credit Opportunity Act, as the agency intends to rewrite the ECOA rule, according to attorneys tracking the issue.
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CFPB Sets Timeline to Implement Changes in Dodd-Frank Reform Bill

October 29, 2018
The CFPB will focus its rulemaking efforts on implementing directives from the Dodd-Frank reform act over the next 12 months, according to the agency’s latest rulemaking agenda.
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CFPB Settles ‘Abuse’ Claim, but Then Says it May Refine the Term

October 29, 2018
The CFPB recently settled with a Tennessee-based payday lender for debt-collection practices, finding some of its activities were “abusive.”
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State AGs Criticize CFPB’s Plans for Trial Disclosure Sandbox

October 29, 2018
A dozen state attorneys general asked the CFPB to withdraw or make substantial modifications to its proposed trial disclosure program.
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CFPB Expands Spanish Glossary of Financial Terms for LEP Borrowers

October 29, 2018
The CFPB recently updated its Spanish glossary of common financial terms in order to help borrowers who do not have a command of English.
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Industry and Consumer Groups Call for ATR Rulemaking on PACE Loans

October 29, 2018
A collection of industry and consumer advocacy groups jointly urged the CFPB to expeditiously start rulemaking to expand ability-to-repay requirements to Property Assessed Clean Energy (PACE) loans.
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CFPB Narrows Scope of Pending Rulemaking on Payday Lending

October 29, 2018
The CFPB said it will focus on ability-to-repay provisions as it tries to overhaul its controversial rule on payday, title and high-cost installment lending.
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Mortgage Complaints Continued to Decline by Double Digits in 3Q18

October 29, 2018
Mortgage-related consumer complaints filed with the CFPB continued to plunge in the third quarter, according to a new Inside the CFPB analysis. [Includes one data chart.]
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Democrats, States Keep the Heat on Mulvaney to Enforce the MLA

October 29, 2018
Democrats on Capitol Hill and state attorneys general are continuing their campaign to get the CFPB to enforce the Military Lending Act.
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