CashCall Seeks Dismissal of $134M CFPB Penalty

By: ameer@trustedteam.com

The company filed a motion for relief in its lawsuit with the CFPB, after the bureau allegedly pulled out of a deal to vacate civil money penalty applied to...

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Higher home-care spending by states linked to greater aging-in-place outcomes

By: ameer@trustedteam.com

Researchers examined state investments in home- and community-based services (HCBS) and associated changes in where older adults lived.

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Bill Would Simplify TILA-RESPA Requirements

By: ameer@trustedteam.com

Sen. Scott Fitzgerald, R-WI, introduced a bill with TRID amendments as part of his plan to increase the supply of housing.

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California’s Nonbank CRA Effort Shifts to Fair Housing

By: ameer@trustedteam.com

California lawmakers are moving away from an effort to impose Community Reinvestment Act requirements on nonbanks.

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CFPB Complaint Portal Changes Ruffle Consumer Advocates

By: ameer@trustedteam.com

Two-factor authentication is one of the new requirements for consumers to be able to submit complaints with the CFPB; will consumers go through the trouble?

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House Committee Advances Bill Favoring Credit Resellers

By: ameer@trustedteam.com

If enacted, the Fair Credit Reporting Reseller Accuracy Act would ensure that credit report resellers report data to the “maximum accuracy possible.” The bill has bipartisan support.

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Warren Questions Johnson’s Role in Dropped Capital One Lawsuit

By: ameer@trustedteam.com

Sen. Elizabeth Warren, D-MA, wants to know whether Brian Johnson, CFPB director nominee and an executive at Capital One, had a role in the bureau’s decision last year to...

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Illinois Enacts Broad BNPL Regulation

By: ameer@trustedteam.com

The regulation goes beyond subjecting traditional buy now, pay later lenders to underwriting requirements.

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CFPB to ‘Streamline’ Regulations, Help Small Businesses

By: ameer@trustedteam.com

The CFPB is planning a number of rulemaking activities across financial sectors. Many of the actions aim to reduce regulatory burdens.

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Traders see 50% chance that Warsh Fed hikes rates this month

By: ameer@trustedteam.com

Traders see a U.S. interest-rate hike later this month as a coin toss, with a renewed rise in oil prices and hawkish commentary from Federal Reserve officials auguring a...

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