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Inside the CFPB

November 22, 2021

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CFPB Seeks Tech Talent to Match Private Sector

But acquiring that talent is going to be an enormous challenge for the bureau given that it cannot compete with compensation levels in the private sector. Read More

New Guidance at CFPB Targets ‘Revolving Door’

The CFPB said it will apply heightened scrutiny to matters and decisions where a regulated entity has employed or retained the services of a former bureau employee. Read More

CFPB Financial Reports Earn Perfect Scores in GAO Audit

The Government Accountability Office said the CFPB’s fiscal 2020 and fiscal 2021 financial statements were in accordance with generally accepted accounting principles. Read More

CFPB Seeks Feedback on HMDA’s Effectiveness

The bureau is seeking public input on the data collected under HMDA and information to help it conduct an assessment of the rule. Read More

Regulators Resume Enforcing Reg. X Timing Requirements

Federal and state agencies are back to fully enforcing communication timing requirements found in Regulation X. However, they will consider the impact of COVID-19 when deciding supervisory and enforcement actions. Read More

Chopra Seeks Feedback on Small-Business Loan Data

CFPB Director Rohit Chopra was open to feedback on the topic in his congressional hearings. Reactions to the rule have been mixed. Read More

OIG Finds Weaknesses in CFPB Supervision Activities

The CFPB needs to improve the effectiveness of its quality management program in order to strengthen its supervision activities, the Federal Reserve Office of Inspector General said in a recent report. Read More

Senators Ask for Action on Credit Reporting Agencies

Senate Democrats called on the CFPB to increase oversight of credit reporting agencies. The CFPB director, though, is skeptical of creating a government-run credit reporting agency. Read More

Other News in Brief

FCC releases reassigned numbers database; CFPB sues pawnshops for MLA violation; CFPB official explains action against payment platforms. Read More

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