Some of the traits of companies that score well in examiners’ reviews of compliance management systems: top executives that are actively involved in compliance, dynamic policies and procedures, and quick, thorough investigations into consumer gripes. 

The bureau said tenant-screening reports often contain “wrong, misleading, or old” information and that renters have little recourse.

Last month’s appeals court decision that the CFPB’s funding structure is unconstitutional has created a lot of uncertainty.

The bureau moved one step closer in its long-awaited consumer-permissioned data sharing rule, releasing an outline of proposals to small business representatives.

The bureau has sent notice that financial services firms need to stay on their toes regarding data security or risk violating the Consumer Financial Protection Act.

A firm’s organizational structure and the way information is shared can have implications for the likelihood of compliance problems.

Broeksmit criticizes CFPB at annual MBA conference; Senate Democrats ask for remittance rule revisions; bureau reopens payment service comments; CFPB says student borrower finances worsening.

The American Financial Services Association defended its members following a report from the Center for Responsible Lending that criticized “high-cost installment loans.”

The request for information drew responses from a handful of labor unions and employer trade groups from a variety of industries.

CSBS names new policy and supervision chief; CFPB studies student banking; bureau sues remittances firm; DOJ settles discrimination claims with bank; Regulation F MVNs are optional; bureau states clearly false data don’t belong on credit reports.