Posts Tagged ‘CFPB’

CFPB issues CUNA-opposed proposal on credit card late fees

CFPB issues CUNA-opposed proposal on credit card late fees

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 [...]

CUNA makes recommendations for CFPB personal data rights rulemaking

CUNA makes recommendations for CFPB personal data rights rulemaking

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 [...]

CFPB seeks input on trends in consumer credit card market

CFPB seeks input on trends in consumer credit card market

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 [...]

CFPB must convene SBREFA panel for credit card fee rulemaking

CFPB must convene SBREFA panel for credit card fee rulemaking

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 [...]

CFPB proposed rule targets nonbank contracts

CFPB proposed rule targets nonbank contracts

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 [...]

Overdraft, Section 1071 items on Unified Rulemaking Agenda

Overdraft, Section 1071 items on Unified Rulemaking Agenda

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 [...]

NCUA, CFPB release fall rulemaking agendas

NCUA, CFPB release fall rulemaking agendas

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 [...]

CFPB raises HMDA, Reg Z thresholds for 2023

CFPB raises HMDA, Reg Z thresholds for 2023

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 AGs battle over CFPB constitutionality

State AGs battle over CFPB constitutionality

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 writes to HFSC ahead of CFPB oversight hearing

NAFCU writes to HFSC ahead of CFPB oversight hearing

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 [...]

CFPB director testimony, crypto collapse hearings this week

CFPB director testimony, crypto collapse hearings this week

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 [...]

Careful examination, regulation needed for big tech payments products

Careful examination, regulation needed for big tech payments products

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 [...]

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