At the end of 2012, the CFPB released a final rule intended to speed up final issuance of pending rules by literally circumventing the publication
In July 2012, the Consumer Financial Protection Bureau (CFPB) announced a proposed rule which would replace the current disclosure forms mortgage loan applicants obtain under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA).
On August 15, 2012, the CFPB released two proposed rules that would implement provisions of the Dodd-Frank Act.
The CFPB released the final part of its new remittance rule which amends the prior rule in a number of ways and grants relief to certain remittance transfer providers.
Less than one week after it was announced that the CFPB’s prolific rulemaking unitthe Office of Regulationswas losing its Assistant Director to private practice, the CFPB announced a replacement as well other changes in its senior management.
The CFPB announced changes to its Spring 2012 proposals regarding loan originator (LO) compensation rules and mortgage origination requirements in a proposal published on August 17, 2012.
On August 9, the Consumer Financial Protection Bureau (CFPB) released two sets of proposed rules that will substantially impact the mortgage servicing industry.
On August 7, 2012, the CFPB released the final version of the new remittance transfer rule.
The CFPB filed its first enforcement action in federal court on July 18 under seal.
On July 16, the CFPB issued a final rule defining large credit reporting agencies as entities subject to its supervision.