By a vote of 50 to 49, the Senate this week confirmed Kathleen Kraninger as the next director of the Bureau of Consumer Financial Protection. Kraninger replaces Mick … more Senate Confirms Kathleen Kraninger As BCFP Director
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BCFP “Call For Evidence” Initiative Generates 86,000 Public Comments
In a blog published this week, Kelly Cochran, assistant director for Regulations at the Bureau of Consumer Financial Protection (BCFP), said the Bureau is reviewing more than 86,000 public … more BCFP “Call For Evidence” Initiative Generates 86,000 Public Comments
BCFP Announces New Advisory Committee Members
The Bureau of Consumer Financial Protection (Bureau) appointed new experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory … more BCFP Announces New Advisory Committee Members
NRMLA Participates in Bureau Roundtable
Representatives from NRMLA participated in a recent roundtable hosted by the Bureau of Consumer Financial Protection to gather feedback on 12 Requests for Information (RFIs) issued by the … more NRMLA Participates in Bureau Roundtable
BCFP Announces New Office of Innovation Director
Bureau of Consumer Financial Protection Acting Director Mick Mulvaney selected Paul Watkins to lead the Bureau’s new Office of Innovation. Acting Director Mulvaney recently created the Office of … more BCFP Announces New Office of Innovation Director
NRMLA Suggests Ways to Improve BCFP Complaint Process
The Bureau of Consumer Financial Protection can streamline its consumer complaint process by distinguishing questions from legitimate complaints and allowing financial services companies to provide expedited responses in … more NRMLA Suggests Ways to Improve BCFP Complaint Process
NRMLA Comments on BFCP Consumer Education Initiatives
The Bureau of Consumer Financial Protection should provide consumers with more information about retirement planning and the role of home equity in funding longevity, but it should first … more NRMLA Comments on BFCP Consumer Education Initiatives
NRMLA Comments on BCFP Guidance and Implementation Support
Financial institutions should not be considered out of compliance if they choose not to follow informal (non-rule) guidance published by the Bureau of Consumer Financial Protection, according to … more NRMLA Comments on BCFP Guidance and Implementation Support
NRMLA Seeks Changes to LO Compensation and Disclosure Rules
The Bureau of Consumer Financial Protection should revise its outdated loan originator compensation rule to make clear that compensation may vary depending on the product being sold as … more NRMLA Seeks Changes to LO Compensation and Disclosure Rules
NRMLA Comments on CFPB Consumer Complaint Reporting
In a comment letter submitted to the Consumer Financial Protection Bureau this week, NRMLA questioned the Bureau’s legal authority to publish un-redacted consumer complaints on its web site and further … more NRMLA Comments on CFPB Consumer Complaint Reporting