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Inside the CFPB

November 18, 2024

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Chopra to Push More Exams Before Trump Takes Office

In the final weeks before the new Republican administration takes over, the CFPB’s rulemaking process is expected to slow, but enforcement activity could increase, according to industry attorneys. Read More

CFPB Set for Major Upheaval in Second Trump Term

Among the changes expected in Trump 2.0, a new bureau director, and a focus on technical requirements of statutes and regulations and less aggressive statutory and regulatory interpretations. Read More

MBA Details Reasoning for Proposed RESPA Changes

The proposed changes, the trade group said, will help decrease costs and inefficiencies for both lenders and consumers. Read More

NCLC Asks CFPB, States to Subject HEIs to Mortgage Laws

Home equity investment products are “loans masquerading as obligation-free cash,” according to the National Consumer Law Center. Read More

CFPB Fines Navy Federal Over Overdraft Practices

The credit union agreed to pay $95 million in consumer refunds and fines to resolve a CFPB investigation that found the company illegally charged overdraft fees. Read More

ACA Files Lawsuit Challenging CFPB Medical Debt Guidance

The bureau’s advisory opinion on medical debt collection practices violates the Administrative Procedure Act as it creates new rules, according to an association representing credit and collection professionals. Read More

CFPB Calls on States to Fill Gaps in Data Privacy Laws

The CFPB is asking states to heighten their efforts to tighten data privacy protection and close gaps with federal laws. Read More

Fed Details RESPA Escrow Account Issues at Banks

Federal Reserve examiners found that all Real Estate Settlement Procedures Act violations it encountered at banks in 2023 were tied to escrow account requirements. Read More

Other News in Brief

CSBS is taking a close look at loan officer education compliance; CFPB fines Global Tel Link $3 million; CFPB releases details from student loan survey; pilot study by CFPB finds differences in how lenders treat minorities that own small businesses; Comerica Bank files lawsuit challenging CFPB investigation; Fifth Circuit denies request to reopen case against CFPB’s payday lending rule. Read More

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