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22 Apr 2015, 6:17 am by Christine Nielsen Czuprynski
On Monday, the Consumer Financial Protection Bureau (CFPB) announced the latest in a series of five enforcement actions involving military allotments: a $3.1 million consent order against a payment processor, Military Assistance Company (MAC) and its parent, Fort Knox National Company. [read post]
16 Jul 2024, 9:48 am by John A. Kimble
CFPB that the Consumer Financial Protection Bureau’s (“CFPB’s”) funding mechanism did not violate the appropriations clause of the U.S. [read post]
9 Jul 2021, 7:45 am
In addition to this extension, the Consumer Financial Protection Bureau (CFPB) has implemented a new rule that will provide protections for homeowners facing foreclosure while also offering options for financial relief that will allow them to resume mortgage payments and continue owning their homes. [read post]
9 Feb 2024, 6:00 am by Michelle
Legal and Regulatory Developments SPOTLIGHT: Lawmakers Clash on CFPB Digital Payment RulePayments Dive – February 1, 2024 Three Democratic U.S. senators wrote an open letter on Wednesday to Rohit Chopra, director of the Consumer Financial Protection Bureau, expressing support for a proposed rule that would let the bureau oversee digital payment apps, such as Zelle and Venmo. [read post]
26 May 2015, 6:15 am by A. Jordan Sykes and Joshua Davey
Circuit rejected a constitutional challenge to the Consumer Financial Protection Bureau’s (CFPB’s) authority. [read post]
2 Mar 2020, 7:16 am by Parker DuFresne
Tips from the Consumer Financial Protection Bureau Review your rights by reading over the Fair Debt Collection Practices Act. [read post]
5 Feb 2020, 12:13 pm by Jacklyn Fetbroyt
Code § 1691c-2(a)) has been pushed back on the implementation timeline, as it does not become effective until the Consumer Financial Protection Bureau (“CFPB”) implements regulations – which it has not. [read post]
26 Mar 2024, 9:01 pm by renholding
Despite facing challenges both from Congress and in court, the Consumer Financial Protection Bureau’s (CFPB’s) “Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)” (Small Business Rule) is likely here to stay. [read post]
23 Oct 2023, 11:00 pm by Sherica Celine
Consumer Financial Protection Act Fundamentals Explore this practice note to gain an understanding of the federal consumer financial laws including the Consumer Financial Protection Act, which prohibits unfair, deceptive, or abusive acts or practices (UDAAPs), in connection with consumer financial products and services. [read post]
23 Oct 2015, 10:43 am by Phillip Chang and Joshua Davey
The Consumer Financial Protection Bureau (CFPB) recently provided guidance discouraging mortgage industry participants from entering into marketing services arrangements (MSAs). [read post]
27 Apr 2018, 6:55 am by Richard J. Andreano, Jr.
The CFPB, which is now referring to itself as the “Bureau of Consumer Financial Protection,” published the long-awaited final rule to address the so-called “black hole” issue under the TILA/RESPA Integrated Disclosure (TRID) rule. [read post]
13 Jul 2011, 10:45 am
The new Consumer Financial Protection Bureau (and we encourage you to visit the CFPB’s website here) is tasked with, among other things, enforcing the new credit card laws that went into effect in July 2010. [read post]
27 Jun 2024, 8:25 am by Kaufman Dolowich
The Consumer Financial Protection Bureau (CFPB) has issued a final rule to establish a public registry to deter repeat corporate offenders that have broken consumer financial laws and are subject to federal, state, or local government or court orders. [read post]
19 Feb 2020, 3:44 am by Edith Roberts
Greg Stohr reports at Bloomberg that “[t]he Consumer Financial Protection Bureau’s independence, designed by a Democratic-controlled Congress to insulate the agency from political pressure, now risks being its downfall,” as the court gets ready to hear argument in a constitutional challenge to the structure of the bureau, Seila Law v. [read post]
19 Dec 2013, 4:00 am by Barbara S. Mishkin
  The section of management’s discussion devoted to CFPB performance lists as one of the Bureau’s performance goals the completion of consumer protection related rulemaking within nine months of final public comments. [read post]
25 Nov 2017, 7:41 am by Sam Bray
(Jabin Botsford/The Washington Post) Who is the acting director of the Consumer Financial Protection Bureau? [read post]
5 May 2011, 5:00 am by mperino
Over at the Baseline Scenario, Simon Johnson was kind enough to mention The Hellhound of Wall Street in his call for President Obama to nominate Elizabeth Warren for the top spot at the new Consumer Financial Protection Bureau. [read post]
20 Mar 2017, 3:29 pm by Kathleen Scott
Last October, in connection with the appeal by a business of an enforcement action by the Consumer Financial Protection Bureau (CFPB), a three-member panel of the US Court of Appeals for the District of Columbia Circuit ruled that the structure of the CFPB was unconstitutional, but that the violation was easily remedied by severing the part of the statute that allowed the CFPB Director to be fired only for cause and instead giving the President the authority to… [read post]