Newsletters

04.01.21

Regulation by Blog or Press Release?

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.


10.30.20

CFPB Enforcement: How the Latest Changes Impact Covered Entities

The Consumer Financial Protection Bureau (CFPB, or the Bureau) has announced major changes to its organizational structure, placing enforcement operations under the control of the supervision office.


08.27.20

CFPB Issues RFI on CARD Act Rules

In carrying out its statutory mandate, the CFPB has released a Request for Information (RFI) relating to the CARD Act, seeking information on two fronts.


05.14.20

CFPB News: Bureau Issues More Pandemic Guidance

As the profound impacts of COVID-19 become ever clearer, the Consumer Financial Protection Bureau (CFPB) continues its recent increase in activity in this space with a new statement and set of frequently asked questions (FAQs), outlining the responsibility of certain financial firms during the ...


04.21.20

COVID-19 Credit Reporting: State AGs Might Strictly Enforce FCRA Even Where CFPB Declines

Relaxed Fair Credit Reporting Act (FCRA) credit reporting enforcement during COVID-19? Not so fast, say 23 state attorneys general (AGs).


04.20.20

COVID-19 Warning to Mortgage Servicers

Just when you thought that federal agencies were softening their stance on enforcement during the crisis, the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) took a figurative shot across the bow.


04.20.20

Fair Lending: CFPB Issues Final Rule Raising HMDA Thresholds

Keeping busy despite the pandemic, the Consumer Financial Protection Bureau (CFPB) has promulgated its final rule raising the loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Disclosure Act (HMDA) and Regulation C.


04.01.20

Consumer Mortgages and COVID-19: What You Need to Know Right Now

The Consumer Financial Protection Bureau (CFPB) published additional resources for consumers and regulated entities with respect to payment of mortgage obligations.


04.01.20

Credit Reporting During COVID-19: CFPB Issues Critical New FCRA Guidance

Furnishers and consumer reporting agencies (CRAs) have just received important new guidance on credit reporting during the COVID-19 pandemic. Here are the key takeaways.


02.27.20

CFPB: Debt Collectors, Consumers Receive Clarity on Time-Barred Debt

Proposing a specific limit on debt collectors but also providing a safe harbor for compliance, the Consumer Financial Protection Bureau (CFPB) has issued proposed regulations that would allow debt collectors to contact consumers about time-barred debt as long as the collectors disclose, in the ...