As proposed back in March, the Consumer Financial Protection Bureau has now formally delayed the mandatory compliance date for the new general qualified mortgage (QM) rule to October 1, 2022, effective June 30.
The Supreme Court has just made it significantly more difficult for the Federal Trade Commission (FTC) to obtain monetary relief in enforcement actions, terminating a practice the FTC has engaged in for decades to exact monetary recoveries.
On April 7, 2021, in response to public comments, the California DFPI issued redlined modifications to its proposed regulations for SB 1235, a groundbreaking law requiring consumer-like disclosures for certain types of commercial financing.
Another day, another major pronouncement from the Consumer Financial Protection Bureau, which just took two important actions.
In two recent communications, the Consumer Financial Protection Bureau acting director is signaling that the Bureau will vigorously enforce against consumers harmed by short-term lenders that fail to underwrite loans based on the borrowers’ ability to repay them.
Last week, the Consumer Financial Protection Bureau just reversed course on the standard for abusive practices established under prior CFPB leadership.
On March 9, 2021, the Consumer Financial Protection Bureau issued an Interpretive Rule that the prohibitions against sex discrimination in the Equal Credit Opportunity Act and Regulation B encompass sexual orientation discrimination and gender identity discrimination.
From their creation in 1993, the New York State Supreme Court Commercial Division Rules have been developed and refined by judges and practitioners to pursue the twin goals of cost containment and fair adjudication.
In one of many last-minute actions likely to be challenged by Democrats, the Consumer Financial Protection Bureau issued a final rule “codifying” the September 2018 Interagency Statement.
Rohit Chopra will be nominated as the next Director of the Consumer Financial Protection Bureau.