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CFPB Updates UDAAP Exam Manual To Target Discrimination - Finance and Banking

On March 16, 2022, the Consumer Financial Protection Bureau (CFPB) announced changes to its supervisory operations for the stated purpose of positioning the CFPB to better protect families and . ....

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CFPB Will Begin Using UDAAP Authority To Address Discrimination In Wide Array Of Consumer Financial Products - Finance and Banking

The CFPB has broad authority to examine bank and non-bank financial institutions for compliance with federal consumer financial law. ....

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CFPB Announces It Will Seek To Extend ECOA-Like Antidiscrimination Provisions Broadly To All Consumer Finance Activities - Consumer Protection

In an extraordinary announcement yesterday, the US Consumer Financial Protection Bureau (CFPB or Bureau) unveiled a broad expansion of its supervisory procedures to include. ....

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HUD Publishes Guidance Concluding That SPCPs Are Permissible Under The Fair Housing Act - Finance and Banking

Earlier this week, the U.S. Department of Housing and Urban Development (HUD)'s Office of General Counsel (OGC) published guidance on the Fair Housing Act's treatment of Special Purpose Credit Programs (SPCPs). ....

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Banking Agencies: Mortgage Servicers Should Prepare For Increased Scrutiny - Finance and Banking

The CFPB, OCC, FDIC, NCUA, and state financial regulators issued a statement this week ending the temporary supervisory and enforcement flexibility provided to mortgage servicers due to the COVID-19 pandemic by the agencies. ....

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