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CFPB: Banks need to keep proof of consent for certain overdraft fees
The CFPB issued a circular that says a financial institution violates the Electronic Fund Transfer Act and Regulation E.
CFPB releases FAQs on ‘buy now, pay later’ products
The Consumer Financial Protection Bureau released frequently asked questions to help industry participants understand, implement, and comply with the requirements in Regulation Z for “buy now, pay...
CFPB targets rental, medical debt in latest report
The Consumer Financial Protection Bureau issued its annual report to Congress on debt collection, which focuses on medical debt and rental debt.
CFPB proposes amendment to remittance transfer rule
The Consumer Financial Protection Bureau issued a proposed rule with an amendment to disclosure requirements for certain international money transfers.
ICBA will continue the fight after court denies motion challenging 1071 rule
ICBA will continue fighting the Consumer Financial Protection Bureau’s 1071 small-business rule after a U.S. District Court denied ICBA’s legal challenge to the agency’s rulemaking.
CFPB report: Retail chains charging cash-back fees to customers using debit cards
The Consumer Financial Protection Bureau issued a report that said Americans are paying tens of millions of dollars in fees to access their own money when getting cash back at large retail stores...
ICBA urges CFPB to simplify rule on earned wage access products
ICBA told the Consumer Financial Protection Bureau that its proposed interpretive rule on “earned wage access” products defines “debt” too broadly.
CFPB releases beta test of small business lending platform
The Consumer Financial Protection Bureau announced the availability of the beta platform for the small business lending data collection rule pursuant to section 1071 of the Dodd-Frank Act.
ICBA appealing court ruling on CFPB’s 1071 rule
Following a district court decision denying ICBA’s lawsuit challenging the Consumer Financial Protection Bureau’s 1071 small-business rule, ICBA is now appealing the ruling.
Lawmakers: CFPB’s medical debt proposal will make health care more expensive
Republican members of the House Financial Services Committee said the Consumer Financial Protection Bureau’s proposal to remove medical debt from credit reports will make health care more expensive...
CFPB: federal rules apply to contract-for-deed arrangements
The Consumer Financial Protection Bureau issued an advisory opinion and research report on contracts for deed, a form of home seller financing.
CFPB updates small business lending instructions
The Consumer Financial Protection Bureau updated its 2025 Small Business Lending Filing Instructions Guide.
IRS forms coalition to combat growing scams
The Internal Revenue Service announced it has formed a coalition with state tax agencies and the tax industry to combat the growth of scams and schemes threatening taxpayers and tax systems.
CFPB says it will consider eliminating credit card late fee safe harbor
The Consumer Financial Protection Bureau said it plans to assess whether to eliminate the credit card late fee safe harbor under Regulation Z.
ICBA: Removing medical debt information from credit reporting won’t work
ICBA told the Consumer Financial Protection Bureau that its proposed rule to remove medical debt information from credit reporting will lead to inaccurate reports and hinder community banks’...
ICBA continues call for 1033 exemption in new article
The Consumer Financial Protection Bureau should exempt banks with less than $850 million in assets from its pending rule on sharing consumer financial data, ICBA told American Banker.
CFPB spotlights violations from recent exams
The CFPB said that its recent examinations revealed unfair, deceptive, or abusive acts at companies servicing auto loan and student loans; Fair Debt Collection Practices Act violations by debt...
CFPB proposes mortgage servicing rule
The Consumer Financial Protection Bureau issued a proposed rule to amend mortgage servicing rules under Regulation X.
ICBA Statement on Media Reports of CFPB Actions, Banking Agency Consolidation
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on media reports related to actions at the Consumer Financial Protection Bureau...
ICBA Congratulates Jonathan McKernan on CFPB Director Nomination
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on President Donald Trump’s nomination of Jonathan McKernan to serve as...
ICBA urging community banker outreach on stopping CFPB overdraft rule
ICBA is calling on community bankers to tell their members of Congress to stop the Consumer Financial Protection Bureau's overdraft rule.
CFPB’s 1071 rule again paused by court in ICBA case
A U.S. court of appeals temporarily paused the Consumer Financial Protection Bureau’s 1071 small-business rule and extended its compliance deadlines until further notice, as advocated by ICBA.
ICBA supports resolutions to scrap CFPB overdraft rule
ICBA expressed support for a new congressional effort to invalidate the Consumer Financial Protection Bureau’s final rule on overdraft protection programs, saying it is a deeply flawed and harmful...
ICBA to Congress: Reverse Ill-Conceived and Counterproductive Arbitration Ruling
ICBA to Congress: Reverse Ill-Conceived and Counterproductive Arbitration Ruling ICBA sent letters to Congress in support of Sen. Mike Crapo’s (R-Idaho) and Rep. Keith Rothfus’s (R-Pa.)...
CFPB ratifies regulations following Supreme Court decision
CFPB ratifies regulations following Supreme Court decision The Consumer Financial Protection Bureau ratified most regulatory actions it took from Jan. 4, 2012, through June 30, 2020. The CFPB said...
CFPB directors may be removed at will, Supreme Court rules
CFPB directors may be removed at will, Supreme Court rules The U.S. Supreme Court ruled that the Consumer Financial Protection Bureau's single-director governance structure is unconstitutional and...
CFPB outlines consent order termination process
CFPB outlines consent order termination process The Consumer Financial Protection Bureau issued a policy statement outlining the process of applying for early termination of administrative consent...
ICBA to CFPB: Expand 'seasoned' QM plan
ICBA to CFPB: Expand 'seasoned' QM plan ICBA encouraged the CFPB to expand on its proposal to create a new category of "seasoned" qualified mortgages. ICBA encouraged the CFPB to expand on its...
Payment info in credit reports varies by account type: CFPB
Payment info in credit reports varies by account type: CFPB The share of installment-loan credit accounts with payment amount information furnished to credit reporting agencies has trended upward...
CFPB grants no-action letter for BofA small-dollar products
CFPB grants no-action letter for BofA small-dollar products The Consumer Financial Protection Bureau granted a no-action letter to Bank of America for certain small-dollar credit products for BofA...
CFPB, Colorado AG hosting joint office hours
CFPB, Colorado AG hosting joint office hours The Consumer Financial Protection Bureau and Office of the Colorado Attorney General announced joint office hours focused on financial innovation on...
CFPB issues resources on housing help
CFPB issues resources on housing help The Consumer Financial Protection Bureau released brochures, videos, and other resources to help consumers seeking mortgage and housing assistance during the...
CFPB updates HMDA filing guide
CFPB updates HMDA filing guide The Consumer Financial Protection Bureau released an update to its Filing Instructions Guide for HMDA data collected in 2021 and reported in 2022. The Consumer...
ICBA to CFPB: Guidance on abusive conduct doesn’t acknowledge other regulations
The CFPB’s policy statement that explains the legal prohibition on abusive conduct in consumer financial markets fails to acknowledge the myriad rules and regulations that apply to insured...
CFPB, OCC penalize BofA for re-presentment fees, other practices
The Consumer Financial Protection Bureau and OCC announced penalties against Bank of America for assessing multiple overdraft and non-sufficient-funds fees against customers for a single...
ICBA: Community banks not ‘furnishers’ under fair credit law
Community banks should not be classified as data furnishers when data brokers obtain consumer information from a bank, ICBA told the Consumer Financial Protection Bureau.
CFPB: Most consumer complaints target credit reports
The CFPB said more than three-quarters of its consumer complaints in 2022 focused on credit or consumer reporting, primarily related to inaccurate information on consumer credit reports.
CFPB hearing targeting medical billing
The Consumer Financial Protection Bureau said it will host a hearing next week on medical billing and collections issues, including medical credit cards and installment loans.
ICBA Commends Senate for Passing Resolution to Scrap CFPB’s 1071 Small-Business Reporting Rule
ICBA today commended the Senate for passing an ICBA-advocated resolution (S.J.Res.32) to nullify the CFPB’s Section 1071 small-business data collection and reporting requirements.
CFPB, DOJ: Law protects credit applicants regardless of immigration status
The Consumer Financial Protection Bureau and Justice Department said in a joint statement that all credit applicants are protected from discrimination under the Equal Credit Opportunity Act,...