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Case in point: A recent federal Consumer Financial Protection Bureau (CFPB) lawsuit found that a background screening company violated the FCRA by failing to conduct accurate background checks and reporting misinformation on candidate background check reports. [read post]
29 Jan 2020, 9:26 am by skelly
Creation of Consumer Financial Protection Bureau While the CFPB’s jurisdiction is limited to the specific consumer financial products and services referenced in the CFPB Act (and potential other future consumer financial products and services that the CFPB could add by regulation) and generally excludes insurance products, the CFPB’s regulatory authority over “service providers” to “covered… [read post]
29 Jan 2020, 5:00 am by Randy Milch, Sam Bieler
On Jan. 6, Andrew Smith, the director of the Bureau of Consumer Protection, announced via blog post that in the previous year the commission had “made three major changes” to its “orders in data security cases” to “improve data security practices and provide greater deterrence. [read post]
27 Jan 2020, 10:31 am by Christopher J. Willis
” The Dodd-Frank Act provides that, to be declared abusive, an act or practice must: (1) materially interfere with a consumer’s ability to understand a term or condition of a consumer financial product or service, or (2) take unreasonable advantage of (a) a lack of understanding on the part of the consumer of the material risks, costs, or conditions of the product or service, (b) a consumer’s inability to protect his or her… [read post]
24 Jan 2020, 9:01 pm by Milad Emamian
Supreme Court will consider whether the structure of the Consumer Financial Protection Bureau (CFPB) is constitutional. [read post]
22 Jan 2020, 9:01 pm by James Alford
Subprime auto lending is not exempt from oversight by state and federal regulators, including members of the Consumer Finance Protection Bureau (CFPB) and the Federal Trade Commission. [read post]
22 Jan 2020, 2:22 pm by Jonathan H. Adler
Consumer Financial Protection Bureau, the blockbuster case before the Supreme Court challenging the constitutionality of the CFPB. [read post]
22 Jan 2020, 6:00 am by Kevin Kaufman
Open tank: A vapor product that allows the consumer to manually refill the liquid and allows consumers more freedom in voltage and nicotine levels. [read post]
21 Jan 2020, 9:56 am by Kalvis Golde
In this first webinar, we’ll cover high-profile cases on Title VII and LGBTQ discrimination, the DACA program, the Second Amendment, the future of the Consumer Financial Protection Bureau and an abortion law in Louisiana. [read post]
20 Jan 2020, 1:46 pm by Alan S. Kaplinsky
Consumer Financial Protection Bureau Supervision and the Military Lending Act (November 1, 2018). [read post]
20 Jan 2020, 12:44 pm by Donald Maurice
Effective Jan. 15, 2020, the Consumer Financial Protection Bureau increased the maximum civil monetary penalty it can impose within its jurisdiction. [read post]
17 Jan 2020, 11:14 am by luiza
The penalty comprises payments to affected consumers, the Consumer Financial Protection Bureau (CFPB), multiple states, the District of Columbia and Puerto Rico. [read post]
17 Jan 2020, 7:00 am by Andrew Hamm
Regions Bank 19-815Issue: Whether the regulations issued by the Board of Governors of the Federal Reserve System, and then by the Consumer Financial Protection Bureau, permissibly construe the “applicants” protected from discrimination by Equal Credit Opportunity Act to encompass guarantors. [read post]
16 Jan 2020, 10:13 am by Barbara S. Mishkin
Specifically, the Bureau is looking for: Experts in consumer protection, community development, consumer finance, fair lending, and civil rights Experts in consumer financial products or services, including consumer reporting, debt collections, and debt relief Representatives of banks and credit unions that primarily serve underserved communities Representatives of communities that have been significantly impacted by higher priced… [read post]
16 Jan 2020, 7:57 am by DONALD SCARINCI
Consumer Financial Protection Bureau The case involves the constitutionality of the Consumer Financial Protection Bureau’s (CFPB) structure. [read post]
14 Jan 2020, 11:37 am by Allan Blutstein
The Consumer Financial Protection Bureau has issued a vacancy announcement for a Government Information Specialist. [read post]
13 Jan 2020, 3:26 pm by Daily Record Staff
Jean Noonan, a partner at Hudson Cook LLP, was appointed by Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger to serve on its new Taskforce on Federal Consumer Financial Law. [read post]
13 Jan 2020, 1:24 pm by Amy Howe
Consumer Financial Protection Bureau, a challenge to the constitutionality of the CFPB’s leadership structure, scheduled for oral argument in early March. [read post]
13 Jan 2020, 12:57 pm by John L. Culhane, Jr.
The Bureau also alleges that the defendants engaged in or substantially assisted the following additional violations: Violations of the Telemarketing Sales Rule (TSR) and the Consumer Financial Protection Act (CFPA) based on misrepresenting that by consolidating their loans, consumers would obtain interest rate reductions, their credit scores would improve, and the Department of Education would become their new servicer. [read post]