What is a small entity compliance guide?

Small Entity Compliance Guides (SECGs) are prepared pursuant to section 212 of the Small Business Regulatory Enforcement Fairness Act of 1996 (SBREFA) (Title II of Public Law 104-121) (PDF) (29 pp, 186K, About PDF) . The statements in SECGs are intended solely as guidance to aid in complying with the associated rule.

What is CFPB compliance?

The CFPB implements and enforces federal consumer financial laws to ensure that all consumers have access to markets for consumer financial products and services that are fair, transparent, and competitive.

What are the CFPB regulations?

Rules and policy. The CFPB implements and enforces federal consumer financial laws to ensure that all consumers have access to markets for consumer financial products and services that are fair, transparent, and competitive.

Does the CFPB regulate mortgage brokers?

The Act requires lenders, mortgage brokers, or servicers of home loans to provide borrowers with pertinent and timely disclosures regarding the nature and costs of the real estate settlement process. The Act also prohibits specific practices, such as kickbacks, and places limitations upon the use of escrow accounts.

What is a small entity for patent purposes?

The USPTO has defined four categories of concerns that qualify as “small entity”: a university, a nonprofit organization, an individual inventor, or a small business concern. The definitions for a “university,” “nonprofit organization,” and “individual inventor” are defined in the patent regulations.

Which government agency branch specifically administers Original Medicare and sets guidelines for compliance with federal regulations?

CMS
The programs CMS administers, including original Medicare, Medicare Advantage, Medicare Part D, Medicaid, and the Children’s Health Insurance Program, as well as delegated functions under HIPAA, directly or indirectly affect more than one million health care providers and suppliers.

Is CFPB real?

The Consumer Financial Protection Bureau, often simply called the CFPB, is a U.S. government agency. Prior to the CFPB’s founding, responsibilities for consumer protections fell to seven government agencies.

Who regulates the CFPB?

The Bureau of Consumer Financial Protection (CFPB) is an independent bureau within the Federal Reserve System that empowers consumers with the information they need to make financial decisions in the best interests of them and their families.

What is the CFPB main goal?

We aim to make consumer financial markets work for consumers, responsible providers, and the economy as a whole. We protect consumers from unfair, deceptive, or abusive practices and take action against companies that break the law.

How to comply with the Consumer Financial Protection Bureau?

The Bureau provides different forms of guidance and compliance resources to help you understand and comply with our rules and the statutes we implement. On this page, we provide regulatory guidance and compliance resources, supervisory process and guidance documents, and information on the Bureau’s registration and submission programs.

Is the CFPB a friend of the court?

Please find links to the relevant information below. Our “friend of the court” briefs provide courts with the CFPB’s views on significant consumer financial protection issues in an effort to ensure that consumer financial protection statutes and regulations are correctly and consistently interpreted.

Is the ECOA valuations rule the same as Regulation B?

The rule is referred to in this guide as the ECOA Valuations Rule. Before the new rule, Regulation B required only that creditors provide copies of appraisals to applicants upon request and notify them of their right to make a request. The ECOA Valuations Rule changes both of these requirements.