The Implications of the CFPB’s Proposed Rule on Data Brokers for Third Party Originators

The CFPB’s proposed rule to regulate data brokers as consumer reporting agencies under the FCRA could reshape how third-party originators access and use consumer data. With stricter compliance requirements, reduced data access and increased liability risks, TPOs face both significant challenges and opportunities to differentiate through enhanced transparency and data integrity. read more

DEC 4, 2024 - 5:52 am

CFPB Extends Compliance Dates for Section 1071

The Consumer Financial Protection Bureau (CFPB) issued an interim final rule to extend compliance deadlines for the small business lending rule. The recent interim final rule follows the recent Supreme Court decision in CFPB v. CFSA. read more

JUN 28, 2024 - 6:22 am

Regulators Offer Guidance for Troubled Debt Restructurings

The Fed, FDIC, NCUA, OCC, CFPB and state banking regulators issued an interagency statement for financial institutions working with borrowers affected by the coronavirus. FASB concurs with the approach. read more

MAR 23, 2020 - 7:00 am