CFPB Summaries
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CFPB Final Rule Summary on Industry Standard Setting (Personal Financial Data Rights)
Final Rule on Industry Standard Setting (Personal Financial Data Rights) 12 CFR Part 1033 The Consumer Financial Protection Bureau (CFPB) finalized (in part) its proposed rule on consumer data rights... -
Circular 2024-03: Unlawful and unenforceable contract terms and conditions
NASCUS Summary re: Consumer Financial Protection Bureau Circular 2024-03 The Circular was issued on June 4, 2024 and can be accessed here. The Bureau issued CFPB Circular 2024-03 to emphasize... -
CFPB Request for Information Regarding Fees Imposed in Residential Mortgage Transactions
NASCUS Summary re: CFPB Request for Information Regarding Fees Imposed in Residential Mortgage Transactions CFPB-2024-0021 The Consumer Financial Protection Bureau issued a Request for Information (RFI) seeking comment from the... -
CFPB Interpretive Rule on Application of Regulation Z to Digital User Accounts that Access Buy Now, Pay Later Loans
NASCUS Summary re: CFPB Interpretive Rule on Application of Regulation Z to Digital User Accounts that Access Buy Now, Pay Later Loans 12 CFR Part 1026 The Consumer Financial Protection... -
CFPB Final Rule: Credit Card Penalty Fees (Regulation Z)
CFPB Summary: Final Rule re: Credit Card Penalty Fees 12 CFR Part 1026 The Consumer Financial Protection Bureau (CFPB) amends Regulation Z (which implements the Truth in Lending Act) to... -
Summary: CFPB Supervisory Appeals Process 12 CFR Chapter X
Summary re: CFPB Supervisory Appeals Process 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) is updating its internal supervisory appeals process for institutions seeking to appeal a compliance... -
CFPB Summary: CFPB Proposed Rule on Personal Financial Data Rights
12 CFP Parts 1001 and 1033 The Consumer Financial Protection Bureau (CFPB) is proposing a rule to implement personal financial data rights under the Consumer Financial Protection Act of 2010... -
Fees for Instantaneously Declined Transactions (NSF fees)
CFPB Summary re: Fees for Instantaneously Declined Transactions (NSF fees) 12 CFR Part 1042 The CFPB issued a proposed rule that would prohibit covered financial institutions from charging fees, such... -
Summary on the CFPB Proposed Rule on Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications
Summary re: CFPB Proposed Rule on Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications 12 CFR Part 1090 The Consumer Financial Protection Bureau (CFPB) proposes a... -
Consumer Information Requests to Large Banks and Credit Unions
CFPB Summary re: Consumer Information Requests to Large Banks/Credit Unions 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) issued this Advisory Opinion regarding Section 1034(c) of the Consumer... -
Circular 2023-03: Adverse Action Notification Requirements and the proper use of the CFPB’s sample forms provided in Regulation B.
Consumer Financial Protection Bureau (CFPB) Summary re Consumer Financial Protection Circular 2023-03: Adverse Action Notification Requirements and the proper use of the CFPB’s sample forms provided in Regulation B. The... -
CFPB Summary: Interagency Proposal on Quality Control Standards for Automated Valuation Models
CFPB Summary re: Interagency proposal on quality control standards for automated valuation models The OCC, Board, FDIC, NCUA, CFPB, and FHFA invite comment on a proposed rule to implement the...