Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CFPB Previews 2014 Regulatory Hot Spots
WASHINGTON (12/5/13)--The Consumer Financial Protection Bureau unveiled its rulemaking agenda for the next six months and highlighted its intent to go forward on a proposed rule on prepaid card products, and more thorough examinations of debt collection practices, payday loans and deposit advance products, and overdraft programs.

These near-term regulatory priorities are outlined in the CFPB's Fall 2013 rulemaking agenda released this week.

The CFPB said it has been gathering significant information on these topics, and will "intensify work on these projects in 2014, for instance by testing consumer disclosures in connection with prepaid products and debt collection."

Streamlining and modernizing regulations that the CFPB inherited from other agencies will also be a focus in the coming months, the CFPB said. "Specifically, we expect to issue a proposal regarding the notices that consumers receive each year from their financial institutions to explain the companies' information sharing practices," the CFPB added. Several commenters suggested the CFPB work to reduce unwanted paperwork for consumers and unnecessary regulatory burdens, "at least where a financial institution limits the sharing of information with third-parties and has not changed policies."

For more on the CFPB agenda, use the resource link.
Other Resources

CFPB Release
RSS print
News Now LiveWire
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
14 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
17 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
18 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
18 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
18 hours ago