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Even though Commissioner Chopra did not issue a statement to explain his vote, it is safe to assume, given his recent advocacy, that he likely preferred a settlement that included additional financial consequences to the defendants, including civil penalties, perhaps through a referral to the Consumer Financial Protection Bureau (CFPB), which he may soon lead. [read post]
Our rapid shift to working from home due to COVID-19 plus heightened financial, political, social, and emotional stressors presented a perfect storm. [read post]
29 Mar 2021, 2:01 am by Deb Givens
If confirmed, Khan will return to the FTC where she was a legal adviser to Commissioner Rohit Chopra, Biden’s pick to be director of the Consumer Financial Protection Bureau. [read post]
26 Mar 2021, 8:27 am by Adam Isles, Paul Rosenzweig
” This follows a separate recommendation last year from the Cyberspace Solarium Commission to establish a Bureau of Cyber Statistics. [read post]
25 Mar 2021, 9:03 pm by Brinna Ludwig
” The Consumer Financial Protection Bureau issued a series of annual reports summarizing consumer complaints and describing enforcement of the Fair Debt Collection Practices Act. [read post]
23 Mar 2021, 5:19 pm by Sabrina I. Pacifici
While credit report errors are not new, the number of complaints about this problem to the Consumer Financial Protection Bureau has reached record levels, and a big reason for that is the CARES Act. [read post]
The CFPB also expressed its interest in working with Congress on the federal Equality Act, which, if enacted, would codify protections for consumers against sexual orientation and gender identity discrimination in all financial products and services. [read post]
14 Mar 2021, 10:00 pm
The Consumer Financial Protection Bureau (CFPB or Bureau) issued a Statement of Policy (Statement) on March 8 making it clear that going forward it will exercise its full authority to penalize covered persons found to have engaged in abusive acts or practices, 12 U.S.C. [read post]
14 Mar 2021, 10:00 pm
The Consumer Financial Protection Bureau (CFPB or Bureau) issued a Statement of Policy (Statement) on March 8 making it clear that going forward it will exercise its full authority to penalize covered persons found to have engaged in abusive acts or practices, 12 U.S.C. [read post]
14 Mar 2021, 10:00 pm
The Consumer Financial Protection Bureau (CFPB or Bureau) issued a Statement of Policy (Statement) on March 8 making it clear that going forward it will exercise its full authority to penalize covered persons found to have engaged in abusive acts or practices, 12 U.S.C. [read post]
14 Mar 2021, 10:00 pm
The Consumer Financial Protection Bureau (CFPB or Bureau) issued a Statement of Policy (Statement) on March 8 making it clear that going forward it will exercise its full authority to penalize covered persons found to have engaged in abusive acts or practices, 12 U.S.C. [read post]
14 Mar 2021, 10:00 pm
The Consumer Financial Protection Bureau (CFPB or Bureau) issued a Statement of Policy (Statement) on March 8 making it clear that going forward it will exercise its full authority to penalize covered persons found to have engaged in abusive acts or practices, 12 U.S.C. [read post]
14 Mar 2021, 10:00 pm
The Consumer Financial Protection Bureau (CFPB or Bureau) issued a Statement of Policy (Statement) on March 8 making it clear that going forward it will exercise its full authority to penalize covered persons found to have engaged in abusive acts or practices, 12 U.S.C. [read post]
13 Mar 2021, 12:06 pm by Adam Levitin
Fortunately, we have a Consumer Financial Protection Bureau that can address faux disclosures with its UDAAP power. [read post]
12 Mar 2021, 5:36 am by Christopher J. Willis
” Declining to apply the full scope of the statutory standard pursuant to the statement “has a negative effect on the Bureau’s ability to achieve its statutory objective of protecting consumers from abusive practices. [read post]
11 Mar 2021, 1:23 pm by Ryan J. Farrick
The Consumer Financial Protection Bureau, or CFPB, has said it will enforce a federal band on lenders who discriminate against applicants on the basis of sexual orientation or gender identity. [read post]
10 Mar 2021, 7:36 am by Content
For more information, the Consumer Financial Protection Bureau published a video on how a forbearance works under the CARES Act. [read post]
8 Mar 2021, 11:13 am by David Kessler (US) and Susan Ross (US)
On March 2, 2021, the Governor of the Commonwealth of Virginia signed into law the Consumer Data Protection Act, which contains many elements of California’s Consumer Privacy Act (CCPA) and Europe’s General Data Protection Regulation (GDPR). [read post]
4 Mar 2021, 10:36 am by Jessica Rich
Here are five ideas: Establish a New "Bureau of Data Protection" The FTC has two primary bureaus, the Bureau of Consumer Protection (BCP) and the Bureau of Competition (BC), reflecting the agency’s dual mission to protect consumers and promote competition. [read post]