Consumer Financial Protection Bureau (CFPB)

NAFCU's Regulatory Affairs Division provides up-to-date information on the Consumer Financial Protection Bureau (CFPB) and its effect on credit unions. NAFCU maintains a running dialogue with the CFPB to help mitigate new regulatory burdens for credit unions and ensure consumers’ continued access to credit union services.

Regulatory Alerts

2012

12-EA-08 - Confidential Treatment of Privileged InformationTreasury
12-EA-05 - International Remittance Transfers

2011 Regulatory Alerts on CFPB 

Final Regulations

12-EF-02 - International Remittance Transfers 

NAFCU Resources

Joint Letter on Remittance Transfer Rule
CFPB's Know Before You Owe Project for Residential Mortgages
TILA-RESPA Integration Project
Table of Regulations

CFPB Resources

Guidance Document
Policy on Ex-Parte Presentations in Rulemaking Proceedings
Progress Report
Semiannual Report of the CFPB
*Semiannual Regulatory Agenda and Fiscal Year 2011 Regulatory Plan*
Supervision & Examination Manual

Comment Letters

2012

April 16, 2012 - RESPA and TILA Integration Process
April 16, 2012 - Larger Participants in the Financial Services Market
April 13, 2012 - Treatment of Privileged Information
April 6, 2012 - Remittance Transfers
February 23, 2012 - Prototype Mortgage Disclsoure Forms at Settlement-Know Before You Owe Project
February 21, 2012 - Republishing of regulations implementing TILA
February 13, 2012 - Deposit Insurance
February 2, 2012 - Credit Union Advisory Board
January 30, 2012 - Credit Card Complaint Disclosure Policy   

Read 2011 Comment Letters

News

April 2012

CFPB seeking input on use of arbitration
More time to write CFPB on overdraft
Cordray details CFPB focus for CUs
NAFCU members at CFPB on mortgage servicing
Cordray set to address NAFCU webcast today
4 CU reps in CFPB review panel meeting
CFPB clarifies mortgage originator licensing issue
Bill to end HAMP, limit CFPB clear panel
CFPB affirms use of ECOA effects test
Shea urges CFPB focus on nondepository entities
Cordray headlines April 24 webcast
CFPB proposes to reverse CARD Act rule change on fees
Third-party providers in CFPB view
Financial student aid shopping tool from CFPB
CFPB drafting mortgage servicing rules
CFPB reports on consumer complaints
CFPB regs may curtail CU remittance transfers
NAFCU, CFPB discuss CU issues
CFPB eyes loan originator compensation rules

March 2012

NAFCU nominates 3 to Consumer Advisory Board
Members' input sought on CFPB, FinCEN rules
CFPB files in TILA suit, plans more
House clears CFPB privileged info bill
CFPB reports on debt collection complaints
CFPB drafts rule on privileged info
Bureau invites responses on reg streamlining
Members' input sought on overdraft fee practices
Kucey at CFPB small-biz panel meeting on mortgage disclosures
More mortgage rules to come from CFPB
CFPB accepting private student loan complaints
Becker targets Regs Z, E provisions for elimination by CFPB
CFPB taking complaints on checking accounts

February 2012 

Comments due April 30 to CFPB on overdraft
Lender cost info not helpful, NAFCU tells CFPB
CFPB forming consumer advisory group
CFPB looking at overdraft fees, disclosures
CFPB small-biz panel formed, eyes mortgage form
Shea urges CFPB to simplify Reg Z
CFPB tool to collect consumer input
Members' input sought on remittance proposal
NAFCU, CFPB discuss CU issues
Bureau targets debt collectors, reporting agencies
CFPB info protection bill on 2 tracks
Clarity needed on CFPB treatment of privileged information, Berger says
CFPB ups HMDA reporting threshold
CFPB turns to mortgage statements
Bureau FTEs to exceed 1,300 in 2013
Cordray attends first financial literacy meeting
CFPB publishes semiannual agenda
Petraeus welcomes mortgage servicing settlement
Fed proposed rules could get CFPB action
CFPB working on CU advisory group
Senate Republicans to challenge Cordray
NAFCU at Treasury, CFPB on financial literacy 
Cordray touts CUs to lawmakers  

January 2012

First CFPB report to Congress today
NAFCU notes complaint proposal concerns 
3rd round of mortgage closing disclosures out
Cordray grilled on CFPB plans
CFPB, FTC sign working agreement
CFPB issues final remittance transfer rules
CFPB to focus on payday lending
CFPB holds hearing on payday lending
CFPB to seek financial literacy info
CFPB announces diversity office 
DOJ issues opinion on Cordray appointment 
NAFCU, CFPB to meet over ability to repay
CFPB releases original exam procedures
Cordray agrees to testify on appointment
Cordray, Becker talk CU issues
Lawmakers question DOJ on Cordray appointment 
Obama sets focus on 'bad actors' 
Cordray: CFPB to take on nonbanks
Nonbank supervision program detailed
Cordray appointed CFPB director
Non-regulated providers to feel greatest impact  
Input sought on CFPB complaint process, more 
CFPB seeks Reg E Comments     

Read 2011 News