Cart

Inside the CFPB

February 14, 2022

View Archived Issues

CHLA Calls for Clarity on Supervision of Nonbanks

Smaller nonbanks don’t have the economies of scale to monitor how the CFPB might deviate from state interpretations of federal consumer mortgage rules and regulations, the Community Home Lenders Association said in a letter to the CFPB. Read More

HMDA RFI Prompts Strong Opinions on Data Collection

Trade associations said HMDA disclosure requirements impose a substantial financial burden on their members, while advocates pressed for more data to be collected and published. Read More

Ruling in CFPB’s Favor Raises Concerns for ABS

A ruling that securitization issuers can face enforcement for the actions of their servicers has prompted concerns among industry participants. Read More

Proposed Appraisal Practices Fail to Address Discrimination

Senior staff from across federal agencies, including the CFPB, have criticized the Appraisal Foundation's proposed changes to professional appraisal practices for not adequately addressing discrimination in the appraisal process. Read More

Depository Lenders Lead in Publishing DEI Information

Of the 104 mortgage companies included in the study, only six provided “high information” on their diversity and inclusion efforts. Read More

FDIC Details Priorities Under Acting Chair Gruenberg

The list includes updating the Community Reinvestment Act, reviewing bank merger rules, implementing Basel III standards and expanding engagement on crypto- and climate-related risks. Read More

Criminal Justice System Needlessly Adds to Financial Burden

In a new report, the CFPB describes how private companies undermine the ability for individuals to successfully transition from incarceration. Read More

Analysts Debate Usefulness of Payday Loan Regulation

According to one study, payday loans respond to supply and demand and don’t generally march upward to state maximums. However, Georgetown law professor Adam Levitin said the study coded state loan maximums incorrectly, invalidating the findings. Read More

Other News in Brief

Bank overdraft and NSF fee practices in easy-to-read, comparative table; Fourth Circuit overturns ruling on convenience fees; CFPB publishes HMDA data entry helper; five federal agencies launch campaign to tackle dating scams. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results