Earlier this week, the CFPB released its sixth annual report on college credit card agreements, together with a new toolkit for schools to use when considering potential co-sponsorships of financial accounts, such as prepaid or checking accounts. The CFPB also announced that it sent warning letters to 17 schools regarding their compliance with the CARD Act requirement to publicly disclose their credit card marketing agreements.… Continue Reading
toolkit
CFPB issues instructions on how industry may place its company logo on the “Home Loan Toolkit”
By Marc Patterson on
The CFPB has issued instructions on how creditors and other housing professionals can use their logo with the new “Home Loan Toolkit” (“Toolkit”). Previously, at a May 26, 2015 webinar that addressed the new TILA/RESPA Integrated Disclosure rule, the CFPB staff informally advised industry members that they could add their logo to the Toolkit. … Continue Reading
CFPB updates home buying information booklet
Posted in Mortgages, Regulatory and Enforcement
The CFPB has issued an updated version of the home buying information booklet (also known as the special information or settlement cost booklet) required under RESPA and TILA. The new booklet is entitled “Your home loan toolkit: A step-by-step guide.” (The booklet it replaces is entitled “Shopping for Your Home Loan: Settlement Cost Booklet.”) … Continue Reading