The Consumer Financial Protection Bureau is launching a nationwide multimedia campaign to inform consumers who send money internationally about new protections they have under the Remittance Transfer Rules. The campaign includes a free webinar on Nov. 14.
The CFPB has amended the 2013 Escrows for Higher Priced Mortgages Rule. Our compliance team breaks down the changes to the final rule as it impacts county designations and consumer protections.
The CFPB has issued two new documents pertaining to the Truth in Lending Act.
President Obama signed the Honoring America’s Veterans and Caring for Camp Lejeune Families Act (H.R. 1627) into law on Aug. 6, 2012, extending Servicemembers Civil Relief Act protections for servicemembers.
The CFPB proposed two rules this week. The first is the culmination of more than a year’s worth of work testing and revising mortgage disclosure forms. The second expands the protections given members who enter into “high-cost” mortgage loans.
The CFPB has issued an advance notice of proposed rulemaking and is now seeking comment, data and information about general purpose reloadable prepaid cards. The bureau intends to issue a proposal to extend Reg E protections to cover GPR cards.