Monthly Archives: November 2013

CFPB Finalizes New Mortgage Forms

The Consumer Financial Protection Bureau (“CFPB”) has issued a final rule requiring lenders to use two new mortgage disclosure forms which the CFPB says “clearly lay out the terms of a mortgage for a homebuyer.” The forms combine and streamline disclosures under the Truth in Lending Act and the Real Estate Settlement Procedures Act. The […]

Cordray Provides CFPB Semi-Annual Update to Senate Banking Committee

Last week, Consumer Financial Protection Bureau (“CFPB”) Director Richard Cordray testified before the Senate Banking Committee in connection with the CFPB’s latest Semi-Annual Report to Congress, covering the period of April through September 2013. As professionals in the consumer financial services arena are well aware, 2013 has been a very busy year on the regulatory […]

CFPB Issues Call For Consumer Complaints about Debt Collection and Payday Lending

On Wednesday, Consumer Financial Protection Bureau (“CFPB”) Director Richard Cordray issued the call for consumers to submit complaints on debt collection experiences and on payday lending problems. The CFPB’s request for debt collection complaints coincides with the issuance of an Advance Notice of Proposed Rulemaking related to the debt collection industry. It has been clear […]