Chester County News and Community Website
WASHINGTON, D.C. — A new report from the Council of Economic Advisers estimates that federal oversight by the Consumer Financial Protection Bureau has increased borrowing costs and reduced loan availability, …
White House Report Claims CFPB Costs Top $369 Billion Read More WASHINGTON, D.C. — Federal regulators on Friday withdrew a joint policy statement that had warned lenders about considering immigration status in credit decisions, marking a notable shift in federal fair-lending …
Feds Pull Back on Credit Guidance, Recasting Immigration Status Rules Read More
WASHINGTON, D.C. — Federal banking and consumer protection agencies on Monday announced updated dollar thresholds that will change how certain mortgage loans and consumer credit transactions are regulated in 2026, …
Mortgage Appraisal Rules Shift in 2026 as Federal Agencies Raise Loan Thresholds Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) announced on Friday that it has reached a settlement with FirstCash, Inc., and its nineteen subsidiaries to resolve allegations of repeated …
FirstCash Settles Military Lending Act Violations, Agrees to $9 Million in Penalties and Redress Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) announced it will deprioritize enforcement actions related to the Truth in Lending regulation that governs the use of digital user accounts …
CFPB Turns Focus to Protecting Veterans and Small Businesses, BNPL Faces Uncertainty Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) announced a significant policy adjustment, deprioritizing enforcement actions associated with the Truth in Lending (Regulation Z) concerning the “Buy Now, Pay …
CFPB Shifts Focus Away from ‘Buy Now, Pay Later’ Enforcement Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) announced a shift in its enforcement priorities regarding the Small Business Lending regulation under the Equal Credit Opportunity Act (Regulation B). …
CFPB Adjusts Enforcement Priorities for Small Business Lending Rule Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) revealed it will deprioritize enforcement and supervision actions against entities failing to meet upcoming deadlines for the regulation titled Registry of …
CFPB Announces Policy Shift Regarding Nonbank Registry Deadlines Read More
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) announced on Friday, March 28, that it will be deprioritizing enforcement and supervision actions related to penalties under the Payment Withdrawal …
CFPB Shifts Focus, Opens Door to Revising Payday Loan Regulations Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) is seeking to vacate a settlement reached with Townstone Financial, a small Midwest mortgage firm, following what it describes as years …
CFPB Reverses Course in Shocking Settlement Fallout with Townstone Financial Read More