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News & Headlines

CFPB Harmonizes Regs B and C

The CFPB yesterday modified the Equal Credit Opportunity Act (Regulation B) to provide flexibility for lenders around the collection of applicants’ demographic data under the Home Mortgage Disclosure Act (Regulation C).

CFPB Issues Small Entity Compliance Guide on Arbitration Rule

The Consumer Financial Protection Bureau on Friday released a small entity compliance guide on the bureau’s final rule drastically constricting the use of mandatory arbitration agreements in consumer financial contracts.

FTC Confirms Investigation into Equifax Breach

The Federal Trade Commission yesterday confirmed that it has opened an investigation into the Equifax data breach disclosed last week.

Congress Passes Debt Ceiling, Harvey Relief, Flood Insurance Package

The House on Friday voted on a legislative package that suspends the debt ceiling and funds the federal government through Dec. 8 and provides $15 billion in disaster relief for Hurricane Harvey victims.