Jul 14, 2021 | Federal Regulation, News
CFPB Consumer Complaint Bulletin Highlights Consumer Difficulties During Pandemic Earlier this month, the Consumer Financial Protection Bureau (CFPB) released a complaint bulletin highlighting difficulties consumers faced throughout the COVID-19 pandemic concerning...
Jul 2, 2021 | Federal Regulation, News
CFPB Acting Director Uejio Nominated for HUD Assistant Secretary Last week, President Biden nominated acting director of the Consumer Financial Protection Bureau (CFPB) Dave Uejio to serve as an assistant secretary of the Department of Housing and Urban Development...
Jun 25, 2021 | Congressional Legislation, Federal Regulation, News
House Votes to Overturn True Lender Rule, Sending Repeal to President’s Desk Yesterday, House lawmakers voted to pass legislation overturning the Office of the Comptroller of the Currency’s (OCC) “true lender” rule issued in October, which governs partnerships...
Jun 23, 2021 | Federal Regulation, News
CFPB Restarts MLA Exams The Consumer Financial Protection Bureau (CFPB) recently issued an interpretive rule that reasserts its authority to use Military Lending Act (MLA) exams to protect servicemembers from overpaying for financial services. The CFPB started...
Jun 9, 2021 | Banks & Credit Unions, Federal Regulation, News
Acting Comptroller Hsu Says No Plans to Review Valid When Made Rule Michael Hsu, Acting Comptroller of the Currency, recently said the Office of the Comptroller of the Currency (OCC) will not review the “valid when made” rule initially implemented during the Trump...
May 31, 2021 | Banks & Credit Unions, Federal Regulation, News
OCC Report Details Risks and Effects of Pandemic on Federal Banking System The Office of the Comptroller of the Currency (OCC) recently released its “Semiannual Risk Perspective for Spring 2021” which highlights the main issues surrounding the effects of the COVID-19...
