The Consumer Financial Protection Bureau issued a proposed rule on credit card late fees Wednesday morning. CUNA has major concerns with the proposal and wrote to the CFPB last week urging it to conduct a [...]
The Consumer Financial Protection Bureau’s (CFPB) rulemaking on personal financial data rights has the capacity to fundamentally transform financial services. That’s what CUNA submitted on Wednesday to the CFPB’s Small Business Advisory [...]
The CFPB Tuesday issued a request for information for its biennial report on the state of the consumer credit card market. Relatedly, the bureau is expected to release a proposed rulemaking this month addressing credit [...]
Happy Wednesday, compliance pals! I just returned from a long-weekend conference in New Orleans, and I feel a bit carb-loaded from all of the amazing food, but especially the beignets. Now that I’m back [...]
CUNA and other organizations called on the Consumer Financial Protection Bureau to comply with its statutory obligations under the Small Business Regulatory Enforcement Fairness Act (SBREFA) as part of a planned rulemaking concerning credit card [...]
The CFPB issued a proposed rule yesterday to require nonbanks subject to its supervisory authority to annually register with the CFPB regarding their use of certain terms and conditions in form contracts for consumer financial [...]
Federal agencies released their latest Unified Rulemaking Agenda this week with several items of concern to CUNA. The agenda includes actions the agencies plan to take in the near or long term but is not [...]
Federal agencies, including the NCUA and CFPB, released their fall 2022 regulatory agendas Wednesday. There are several NAFCU and credit union advocacy priorities included among the items, some of which have been previously introduced or [...]
The CFPB has finalized annual changes to asset-size exemption thresholds under the Home Mortgage Disclosure Act (HMDA) and Regulation Z based on the 8.6 percent increase in the average of the Consumer Price Index [...]
State attorneys general from both parties agree that the U.S. Supreme Court should consider whether the CFPB’s current funding scheme is legal. But that’s where the agreement ends. The state officials vehemently [...]
NAFCU Vice President of Legislative Affairs Brad Thaler wrote to the House Financial Services Committee (HFSC) ahead of today’s CFPB oversight hearing. In the letter, Thaler expressed NAFCU’s “thoughts on some current issues [...]
The CFPB on Monday proposed requiring nonbank financial firms to register with the agency when they are subject to consumer protection agency or court orders. The registry, which one consumer advocate called a “public rap [...]
The House and Senate are in session this week, and the Senate will consider nominations and the FY2023 National Defense Authorization Act. Federal government funding is also scheduled to expire at midnight Friday, and members [...]
CUNA supports the Consumer Financial Protection Bureau’s (CFPB) inquiry into the tech companies’ payments practices and strongly encourages the bureau to carefully examine and regulate these entities moving forward, it wrote in response to [...]
The CFPB has no authority to police discrimination in financial services and a federal court should swiftly make that abundantly clear, the U.S. Chamber of Commerce and banking trade groups said last week. “Through [...]
