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CFPB issues UDAAP guidance on contracts for consumer financial products and services | JD Supra
JD Supra· 2 days agoOn June 4, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued a Consumer Financial Protection Circular 2024-03 (“Circular”) warning that...
CFPB Issues Final Rule on Nonbank Registration of Enforcement Orders | JD Supra
JD Supra· 2 days agoOn June 3, the Consumer Financial Protection Bureau (CFPB or Bureau) issued its final rule requiring covered nonbanks to register enforcement orders, and it is a doozy. Not ...
Harvard fellow: CFPB's 'buy now, pay later' regulation isn't enough — nothing 'substantively...
CNBC· 4 days agoThe Consumer Financial Protection Bureau declared in May that buy now, pay later customers should...
CFPB Launches Public Inquiry into Rising Mortgage Closing Costs and ‘Junk Fees’
The National Law Review· 3 days agoThe Consumer Financial Protection Bureau (CFPB) has launched a public inquiry into rising mortgage closing costs, seeking to understand the reasons behind the increase, identify ...
CFPB’s New Interpretive Rule Takes Aim at BNPL Payment Plans: Practical Takeaways | JD Supra
JD Supra· 2 days agoThis interpretive rule is the first step the CFPB has taken to regulate the growing BNPL industry. The CFPB is accepting comments on this interpretive rule ...
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
PYMNTS.com· 3 days agoThe Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or...
CFPB Applies Consumer Credit Card Protections to Buy Now, Pay Later Plans | JD Supra
JD Supra· 3 days agoBuy Now, Pay Later (“BNPL”) payments are often presented by retailers and BNPL lenders to consumers as an alternative to traditional credit card...
Navient debuts private student loan forgiveness, and other student loans news
Bankrate via Yahoo Finance· 16 hours agoSelect private student loan borrowers may be eligible for student loan forgiveness through former...
CFPB sues student loan servicer PHEAA for pursuing borrowers for loans discharged in bankruptcy
Retail Banker International via Yahoo Finance· 7 days agoThe Consumer Financial Protection Bureau (CFPB) has sued student loan servicer Pennsylvania Higher...
Loan Securitization Trusts as Subject to CFPB's Enforcement Authority: The Implications of a Recent...
JD Supra· 1 day agoThis decision could potentially expose similarly situated securitization trusts to the jurisdiction and enforcement authority of the CFPB.