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JD Supra: SCOTUS Upholds CFPB Funding Mechanism
JD Supra· 2 days agoIn a landmark decision issued on May 16, the Supreme Court held that the Consumer Financial Protection Bureau’s (CFPB) funding mechanism is constitutionally sound, as it does ...
CFPB Payday Lending Rule to Take Effect After Supreme Court Win
Bloomberg Law· 2 days agoThe US Court of Appeals for the Fifth Circuit ruled in October 2022 that the CFPB had followed all necessary procedures allowing its watered-down payday lending rule to take ...
The CFPB’s Increased Focus on Medical Financing Products | JD Supra
JD Supra· 2 days agoOver the course of the last year, the Consumer Financial Protection Bureau (CFPB or Bureau) has increased its scrutiny of medical financing products, such as medical credit ...
Medical debt may come off credit reports soon, helping Americans qualify for more financial products
FOX Business· 1 day agoMedical bills may soon be removed from many credit reports. The Consumer Financial Protection Bureau...
Fifth Circuit Rules CFPB Credit Card Late Fee Rule Case Stays in Texas | JD Supra
JD Supra· 2 days agoThis decision marks another pivotal moment in the ongoing legal battle over the CFPB’s Final Rule, which has seen a complex procedural history unfold over the past few months ...
CFPB Report Foreshadows Increased Scrutiny of Negative Equity in Auto Lending | JD Supra
JD Supra· 4 days agoYesterday, the Consumer Financial Protection Bureau (CFPB or Bureau) released a report on the state of negative equity in auto lending. The CFPB says it ...
CFPB Issues RFI on Mortgage Closing Costs | JD Supra
JD Supra· 3 days agoThe Consumer Financial Protection Bureau (CFPB), recently issued a Request for Information (RFI) related to fees charged by providers of mortgages and related settlement services ...
CFPB Finalizes New Rule to Monitor Nonbank ‘Repeat Offenders’ | JD Supra
JD Supra· 3 days agoThe Consumer Financial Protection Bureau (CFPB) recently finalized its proposed rule to create a so-called “Repeat Offender” registry for certain covered financial services ...
CFPB Proposes Rule Removing Medical Bills From Credit Reports | JD Supra
JD Supra· 5 days agoOn June 11, 2024, the Consumer Financial Protection Bureau (CFPB) issued a proposed rule that would generally prohibit lenders from considering medical debt information when ...
...to Know About the U.S. Supreme Court Ruling That the CFPB’s Funding Mechanism is Constitutional...
JD Supra· 2 days agoOn May 16, 2024, the U.S. Supreme Court ruled that the CFPB’s funding mechanism does not violate the Appropriations Clause of the U.S. Constitution. In Part II, we first discuss ...