A platform that can affect a company's reputation--whether it carries consumers' compliments or complaints--must be carefully constructed so it successfully performs its function without unintended negative consequences, CUNA noted in a comment letter to the Consumer Financial Protection Bureau.
Information on student loan servicing practices, particularly involving hurdles to paying back loans, is the subject of a request for information issued by the Consumer Financial Protection Bureau Thursday.
Discussion of a bill to provide a temporary liability safe harbor for the Consumer Financial Protection Bureau’s upcoming mortgage disclosure rule will highlight a hearing conducted today by the U.S. House Financial Services subcommittee on housing and insurance.
Rep. Steve Pearce (R-N.M.), along with Rep. Brad Sherman (D-Calif.), introduced a bill last week that would provide a temporary delay in enforcement and a liability safe harbor period under the Consumer Financial Protection Bureau’s (CPFB) Truth in Lending Act-Real Estate Settlement Procedures Act (TILA-RESPA) integrated disclosures rule. The rule currently has an implementation date of Aug. 1; the bill would put a safe harbor in place until Jan. 1, 2016.
Comments from proposals ranging from the National Credit Union Administration’s definition of “small entity” to the Consumer Financial Protection Bureau’s consumer complaint database are due throughout the month of May.
CUNA continues to have grave concerns with the Federal Accounting Standards Board credit impairment proposal, concerns it expressed in a letter to National Credit Union Administration Chair Debbie Matz Tuesday.