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Home » Topics » Inside the CFPB » Regulation

Regulation
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Rohit Chopra Mum on Potential Changes to QM Rule

November 8, 2021
Sam Manas
The CFPB’s new director showed an interest in the question of qualified mortgage standards, but gave no indication as to whether the rule would see significant changes in the coming months.
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‘Algorithmic Redlining’ a Focus in Fair Lending Enforcement

November 8, 2021
Sam Manas
In congressional hearings, CFPB Director Rohit Chopra doubled down on his concerns about “algorithmic redlining,” indicating that lenders can expect more robust enforcement on the practice.
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CFPB Paying Close Attention to Servicers’ Foreclosure Actions

November 8, 2021
Sam Manas
The CFPB reiterated that, as COVID-19-related forbearance protections expire, it will be keeping close watch on servicers’ actions.
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Other News in Brief

November 8, 2021
Sam Manas
New York to apply CRA standards to nonbanks; CFPB announces 2022 regulatory thresholds under TILA; CFPB issues advisory opinion on mistaken identity matching.
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Fair Lending and Servicing a Top Priority for CFPB

October 25, 2021
Brandon Ivey
The CFPB under Rohit Chopra is expected to be much more aggressive regarding fair lending and fair servicing than under his predecessors.
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CFPB Joins FTC, NC DOJ in Defense of Fair Credit Reporting Act

October 25, 2021
Dennis Hollier
The bureau filed a joint amicus brief with the Federal Trade Commission in a case that seeks to use a section of the Communications Decency Act to avoid prosecution under the Fair Credit Reporting Act.
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Other News in Brief

October 25, 2021
Brandon Ivey
Seila Law ends Supreme Court quest; compliance date of 2017 rule delayed again; CFPB joins other regulators on LIBOR statement; CFPB seeks clarity on Regulation O; consumers seek regulation of earned wage access products.
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CFPB Activity to Rise with Chopra Holding the Reins

October 11, 2021
Brandon Ivey
With the Senate confirming Rohit Chopra as CFPB director, industry participants are preparing for regulatory whiplash after relaxed enforcement and rulemaking during the Trump administration.
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Hopes, Dreams for Actions by CFPB Conveyed to Chopra

October 11, 2021
Brandon Ivey
Rohit Chopra’s confirmation as CFPB director prompted a surge of statements from industry stakeholders. The sentiments include requests for action and compliments.
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The CFPB in Charge of Bank Mergers? A Bill Appears…

October 11, 2021
Paul Muolo
Should the CFPB have a say in bank M&As? Bankers will tell you no, but a new bill introduced on Capitol Hill opens up such a possibility.
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