CFPB Director Cordray talks HMDA exemptions and more

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Bloomberg News Donnelly noted that last year, 70 senators signed a letter urging Richard Cordray, the director of the Consumer Financial. week that would exempt financial institutions from the HMDA.

Salomone continued, “While we are appreciative of the CFPB’s active engagement on this important issue and facilitating a functional regulatory environment for mortgage transactions, we are.

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Obama appointed Richard Cordray to be the first Director of the CFPB. Subsequently, after first being nominated in July 2011 and again in January 2013, the U.S. Senate confirmed the nomination of Richard Cordray on July 16, 2013, and Director Cordray was sworn in as the first Senate-confirmed Director of the CFPB on July 17, 2013.

CFPB expands rural and underserved exemption for small banks. Thu, Mar 24, 2016. “The Consumer Bureau today has acted to implement the recent law that extends to more small creditors the specific provisions for operating in rural or underserved areas,” said CFPB director richard cordray. “This rule provides broader eligibility for.

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"You can’t talk about QM and the ability-to-repay rule in isolation. but to enable consumers to access affordable credit," said CFPB Director Richard Cordray at a field hearing in Baltimore when.

The Consumer Financial Protection Bureau is seeking public comments regarding proposed changes to the 2015 Home Mortgage Disclosure Act rule.. The CFPB’s proposed rule includes a number of clarifications, technical corrections and minor changes to the updated HMDA regulation. The changes are designed to help financial institutions comply with the 2015 final rule by clarifying the information.

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This week, CFPB Director Cordray responded to the letter. Following the CUNA Governmental Affairs Conference, 329 members of the House of Representatives sent a letter organized by CUNA and the leagues to the CFPB encouraging the bureau to use its statutory exemption authority to better tailor its regulations to reduce impact on credit unions.

FOR IMMEDIATE RELEASEWashington (November 7, 2017) – Consumer Financial protection bureau (cfpb) Director Richard Cordray will be at National Association of Federally-Insured Credit Unions (NAFCU) headquarters today for a meeting with the association’s board of directors to discuss various regulatory issues affecting the credit union industry, including the Home Mortgage disclosure act (hmda.

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