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In a sweeping announcement, the Consumer Financial Protection Bureau (CFPB) revoked nearly 70 interpretive rules, advisory opinions, and ...
The CFPB’s action has raised significant questions for financial institutions. For example, does the withdrawal of a particular guidance document mean that the current CFPB disagrees with the ...
“Between last week’s CFPB announcement that it is ... on April 11 to conduct a thorough review of guidance and more, resulting in the withdrawal that the acting director acknowledged ...
The CFPB's list includes potential changes to loan originator (LO) compensation requirements and discretionary mortgage ...
"We doubt that state legislators and regulators will change course as a result of the withdrawal of those policy statements," Newburger said. Current and former CFPB employees said the elimination of ...
A new report shows how the CFPB has helped service members and veterans who may be more susceptible to financial exploitation and scams.
Our policy has changed,” CFPB Acting Director Russ Vought ... against parties that don’t conform with the guidance amid this withdrawal won’t be prioritized. Guidance that goes beyond ...
The withdrawal of these documents is not necessarily final. While the CFPB will continue to review them, they should not be enforced in the meantime. The memorandum covers guidance related to ...
The NCLC’s new analysis, Continued Vitality of 67 Withdrawn CFPB Guidance Documents, explains that the Bureau’s withdrawal does not change the underlying statutes or regulations. Rather ...
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The CFPB, under acting director Russell Vought, withdrew its support of the 39 guidance documents in a notice published Monday in the Federal Register. Experts said the withdrawal of the documents ...
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