Chester County News and Community Website
WASHINGTON, D.C. — In a recent announcement, the Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board, and the Office of the Comptroller of the Currency revealed an adjustment to the …
Mortgage Appraisal Threshold Rises: Impact on Lenders and Borrowers Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has joined forces with several other federal financial regulatory agencies to propose a new rule aimed at establishing data standards for …
CFPB Proposed Rule: Enhancing Financial Data Interoperability for Seamless Oversight Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has introduced a new rule to regulate paycheck advance products, often marketed as “earned wage” products. The proposal aims to ensure …
CFPB Proposes Rule to Regulate Paycheck Advance Products Read More WASHINGTON, D.C. — Six federal regulatory agencies have announced a crucial new rule aimed at bolstering the credibility and integrity of automated valuation models (AVMs) used in mortgage valuations. This …
Federal Agencies Implement New Rule to Ensure Accuracy in Mortgage Valuations Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has extended the compliance deadlines for the small business lending rule, following a series of legal proceedings that temporarily halted its …
CFPB Extends Compliance Deadlines for Small Business Lending Rule Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) is moving forward with a proposed regulation designed to eliminate medical bills from a significant portion of credit reports. This significant …
CFPB Advances Proposal to Exclude Medical Debts from Credit Reports: A Catalyst for Higher Credit Scores and Loan Approvals Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a rule defining the qualifications for recognized industry standard-setting bodies. These bodies will issue standards that companies can use …
CFPB Finalizes Rule to Ensure Fair Industry Standards in Open Banking Read More
WASHINGTON, D.C. — The Federal Trade Commission (FTC) has announced final amendments to its longstanding Amplifier Rule, aiming to help consumers make direct comparisons of home entertainment amplifiers. This update …
FTC Updates Amplifier Rule to Aid Consumer Comparisons Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a rule to create a registry aimed at detecting and deterring corporate offenders who violate consumer laws. This new …
New CFPB Rule Targets Corporate Misconduct, Establishes Registry for Offenders Read More
WASHINGTON, D.C. — Aimed at addressing the impact of inflation, the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board recently announced updates to Regulation CC. These changes will …
Federal Reserve and CFPB Update Rules on Bank Fund Availability Amid Inflation Read More