stay informed with the latest news and analysis from across the financial services industry.
On July 20, the Bureau published its Spring 2017 rulemaking agenda as part of the Spring 2017 Unified Agenda of Federal Regulatory and Deregulatory Actions. The preamble states that the information is current as of April [...]
Speculation that CFPB Director Richard Cordray is going to run for Ohio governor continues to intensify. On July 19, Jeremy Pelzer reported that Ohio Supreme Court Justice Bill O'Neill told media sources that he [...]
On July 19, 2017, the CFPB published its final arbitration rule in the Federal Register. The rule has an effective date of September 18, 2017 and a mandatory compliance date of March 19, 2018. Under [...]
On July 19, 2017, the CFPB issued HMDA Loan Scenarios to provide additional guidance to the industry on reporting transactions under the revised HMDA rule. Most provisions from the revised rule will take effect on January [...]
On July 10, the CFPB issued its much-anticipated final arbitration rule which prohibits covered entities from including mandatory arbitration clauses in contracts that block class-action litigation. The rule will become effective 60 days after [...]
Earlier this week, CFPB Director Richard Cordray acknowledged the possibility that the Bureau’s arbitration rule could be rolled back by a CRA vote but claimed that he did not factor Congressional opposition into his [...]