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News & Headlines

Regulatory Reform Effort Heads to House of Representatives

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) told news outlets yesterday that he wished to pursue a conference committee with the Senate, with a goal of adding up to 30 bipartisan bills.

Sweeping Senate Majority Passes Bipartisan Regulatory Reform Bill

In a bipartisan 67-31 vote, the Senate last night passed S. 2155, a bipartisan regulatory reform bill.

CFPB Updates Small Entity Compliance Guide on Prepaid Rule

The Consumer Financial Protection Bureau has updated its small entity compliance guide on the final prepaid rule to reflect the recently finalized amendments to the rule. The rule is effective April 1, 2019.

CFPB Finalizes Changes to Servicing Rule

The Consumer Financial Protection Bureau yesterday issued a final rule related to the timing for servicers sending periodic statements to borrowers in bankruptcy. The rule takes effect on April 19, 2018.