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7 Apr 2015, 9:58 am by James C. Freije and Jodie Herrmann
The Consumer Financial Protection Bureau (CFPB) recently released a step-by-step guide titled Your Home Loan Toolkit as part of their Know Before You Owe mortgage initiative designed to improve compliance and help consumers understand mortgage loans. [read post]
1 Jun 2023, 10:12 am by Barbara S. Mishkin
  Section 1071 amended the Equal Credit Opportunity Act to require financial institutions to collect and report certain data in connection with credit applications made by small businesses, including women- or minority-owned small businesses. [read post]
20 Jun 2024, 6:22 am by Barbara S. Mishkin
In Part II, we first discuss the CFPB’s launch of Fair Credit Reporting Act rulemaking, proposed rule to supervise larger payment providers, proposed rule on personal financial data rights, and interpretive rule on buy-now-pay-later. [read post]
9 Mar 2023, 7:19 am by Joshua Fox and David Gobel
On March 7, 2023, the National Labor Relations Board (“NLRB”) and Consumer Financial Protection Bureau (“CFPB”) announced that the two agencies have signed a Memorandum of Understanding (“MOU”) creating a formal partnership that allows the two agencies to share data with each other. [read post]
9 Mar 2023, 7:19 am by Joshua Fox and David Gobel
On March 7, 2023, the National Labor Relations Board (“NLRB”) and Consumer Financial Protection Bureau (“CFPB”) announced that the two agencies have signed a Memorandum of Understanding (“MOU”) creating a formal partnership that allows the two agencies to share data with each other. [read post]
9 Mar 2023, 7:19 am by Joshua Fox and David Gobel
On March 7, 2023, the National Labor Relations Board (“NLRB”) and Consumer Financial Protection Bureau (“CFPB”) announced that the two agencies have signed a Memorandum of Understanding (“MOU”) creating a formal partnership that allows the two agencies to share data with each other. [read post]
In its recently published Fall 2018 Rulemaking Agenda, the Bureau of Consumer Financial Protection announced that it is considering future rulemaking activity regarding the requirements of the Equal Credit Opportunity Act (“ECOA”) – specifically, “concerning the disparate impact doctrine in light of recent Supreme Court case law and the Congressional disapproval of a prior Bureau bulletin concerning indirect auto lender compliance… [read post]
29 Mar 2016, 7:01 pm by Robert Duff
In a recently released report, the Consumer Financial Protection Bureau (“CFPB”) noted that Indiana consumers’ complaints about debt collectors increased more (on a percentage basis) for the period from December 2015 to February 2016 compared to the same period last year than in any other state – by a large margin. [read post]
29 Mar 2016, 7:01 pm by Robert Duff
In a recently released report, the Consumer Financial Protection Bureau (“CFPB”) noted that Indiana consumers’ complaints about debt collectors increased more (on a percentage basis) for the period from December 2015 to February 2016 compared to the same period last year than in any other state – by a large margin. [read post]
29 Mar 2016, 7:01 pm by Robert Duff
In a recently released report, the Consumer Financial Protection Bureau (“CFPB”) noted that Indiana consumers’ complaints about debt collectors increased more (on a percentage basis) for the period from December 2015 to February 2016 compared to the same period last year than in any other state – by a large margin. [read post]
29 Mar 2016, 7:01 pm by Robert Duff
In a recently released report, the Consumer Financial Protection Bureau (“CFPB”) noted that Indiana consumers’ complaints about debt collectors increased more (on a percentage basis) for the period from December 2015 to February 2016 compared to the same period last year than in any other state – by a large margin. [read post]
19 Apr 2017, 6:56 pm by Sabrina I. Pacifici
For example, a marketplace lender may be subject to: federal regulation and examination by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency in connection with certain services provided to depository institutions by the lender; state licensing and regulation in the states in which the lender conducts business; securities offering registration requirements administered by the Securities and Exchange… [read post]
On April 17, 2024, the Consumer Financial Protection Bureau entered an order against a for-profit vocational school and its CEO for mischaracterizing the school’s income-share agreements (ISAs) and misrepresenting its graduates’ employment rates. [read post]
5 Jul 2010, 8:10 pm by Josh Wright
The new Consumer Financial Protection Bureau is likely to follow this blueprint. [read post]
11 Nov 2016, 4:03 am by Walter Olson
A proposal from the Consumer Financial Protection Bureau (CFPB) has drawn “unanimous fire from a broad coalition of financial companies, as well as from the American Bar Association and the American Civil Liberties Union, which called it unconstitutional. [read post]
25 Sep 2014, 2:34 pm by Katharine Goodloe
This week, the Government Accountability Office (“GAO”) released a report recommending eleven actions the Consumer Financial Protection Bureau (“CFPB”) should take to enhance the privacy and security of its ongoing data collections. [read post]
15 Jun 2013, 11:11 am by Taras Rudnitsky
The federal Consumer Financial Protection Bureau (CFPB) has filed a lawsuit seeking to stop the illegal practices of a Florida debt relief company. [read post]
23 Jul 2012, 9:33 am by James Andrews
The recommendation, in a report by the Education Department and the Consumer Financial Protection Bureau, would not affect the vast majority of student loans, which is issued by the federal government. [read post]
12 Nov 2013, 11:00 am by Ken Laino
An article in last Sunday’s Cleveland Plain Dealer by Sheryl Harris noted that since July, the Federal Consumer Financial Protection Bureau (CFPD) has received more than 5,300 consumer complaints about debt collectors. [read post]