CFPB Summaries
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Equal Credit Opportunity Act (Reg. B) Revocations/Change of Terms
CFPB Summary: Advisory Opinion re: Equal Credit Opportunity Act (ECOA) Revocations/Change of Terms 12 CFR Part 1002 The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion to affirm that... -
Procedural Rule Summary: Supervisory Authority Over Certain Nonbank Covered Persons Based on Risk Determination; Public Release of Decisions/Orders
CFPB Summary: Procedural Rule and Request for Comments re: Supervisory Authority Over Certain Nonbank Covered Persons Based on Risk Determination; Public Release of Decisions/Orders 12 CFR Part 1091 The Consumer... -
Bulletin 2022-05: Unfair and Deceptive Acts or Practices That Impede Consumer Reviews
CFPB Summary – Bulletin 2022-05: Unfair and Deceptive Acts or Practices That Impede Consumer Reviews 12 CFR Chapter X The Consumer Financial Protection Bureau (Bureau) is issuing this bulletin to remind... -
Bulletin 2022-04: Compliance Bulletin re: Mitigating Harm from Repossession of Automobiles
CFPB Summary – Bulletin 2022-04: Compliance Bulletin re: Mitigating Harm from Repossession of Automobiles 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) issued a compliance bulletin regarding repossession... -
Bulletin 2022-02: Compliance Bulletin on the EFTA Compulsory Use Prohibition and Government Benefit Accounts
CFPB Summary – Bulletin 2022-02: Compliance Bulletin on the Electronic Fund Transfer Act’s Compulsory Use Prohibition and Government Benefit Accounts 12 CFR Part 1005 The Electronic Fund Transfer Act (EFTA)... -
Summary: Notice and Request for Comment Regarding the CFPB’s Inquiry Into Buy-Now-Pay-Later (BNPL) Providers
CFPB-2022-0002: Notice and Request for Comment Regarding CFPB’s Inquiry into Buy-Now-Pay-Later (BNPL) Providers In December 2021, the Consumer Financial Protection Bureau (CFPB) opened market monitoring orders, inquiring into Buy-Now-Pay-Later (BNPL)... -
2022 Truth in Lending (Regulation Z) Annual Threshold Adjustments (Credit Cards, HOEPA, and Qualified Mortgages)
21-RA-10 2022 Truth in Lending (Regulation Z) Annual Threshold Adjustments (Credit Cards, HOEPA, and Qualified Mortgages) December 2021 The CFPB has published its Truth in Lending (Regulation Z) Annual Threshold... -
Small Business Lending Data Collection
Summary: CFPB Proposal Regarding Small Business Lending Data Collection The Consumer Financial Protection Bureau (CFPB) issued a notice of proposed rulemaking seeking comment on its proposal to implement the small... -
Truth in Lending (Regulation Z); Impact of the 2021 Juneteenth Holiday on Certain Closed-End Mortgage Requirements
CFPB Summary re: Truth in Lending (Regulation Z); Impact of the 2021 Juneteenth Holiday on Certain Closed-End Mortgage Requirements 12 CFR Part 1026 Summary: The Consumer Financial Protection Bureau (Bureau)... -
Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents
CFPB Summary re: Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents 12 CFR Chapter X Summary: The Consumer Financial Protection Bureau (Bureau) issued this interpretive rule to explain... -
21-RA-06 CFPB Delays Mandatory Compliance Date of General Qualified Mortgage (QM) Final Rule Under Truth in Lending Act
21-RA-06 CFPB Delays Mandatory Compliance Date of General Qualified Mortgage (QM) Final Rule Under Truth in Lending Act June 2021 Earlier this year, NCUA issued Regulatory Alert 21-RA-01 to provide... -
Request for Information/Comment on Financial Institutions’ Use of Artificial Intelligence/Machine Learning
CFPB Summary: Request for Information/Comment on Financial Institutions’ Use of Artificial Intelligence/Machine Learning Docket No. CFPB-2021-0004 Prepared by the Legislative & Regulatory Affairs Division April 2021 The OCC, Federal Reserve...