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CFPB issues proposal to prohibit use of medical debt information in credit decisions | JD Supra
JD Supra· 4 days agoThe steady drumbeat of steps during Rohit Chopra’s tenure as CFPB Director to call into question the reliability and predictability of medical debt information in credit underwriting ...
... Fees, Applauds Biden Administration and Consumer Financial Protection Bureau (CFPB) for Tackling...
Sierra Sun Times· 4 days agoLast month, the CFPB launched a public inquiry into junk fees in mortgage closing costs that disproportionately hurt lower-income, first-time, and Black and Hispanic homebuyers ...
JD Supra: CFPB to extend 1071 rule compliance deadlines
JD Supra· 2 days agoOn May 17, the CFPB announced it is extending the compliance deadlines for the small business lending rule (Section 1071 of Dodd-Frank, the “1071 rule”), which will require ...
Overview of The CFPBs Proposed Open Banking Rule and Final Industry Standard Setting Rule
The National Law Review· 24 hours agoThe financial services and banking industry landscape continues to evolve in the face of new and...
CFPB Aims to End the Use of Medical Debt Information in Making Credit Determinations and in Credit...
The National Law Review· 2 days agoOn June 11, 2024, the Consumer Financial Protection Bureau (CFPB) published a Notice of Proposed Rulemaking (NPRM) to ban the inclusion of medical bills in consumer credit reports.
CFPB bans medical debt in credit reporting decisions | JD Supra
JD Supra· 4 days agoOn June 11, the CFPB released a proposed rule to ban obtaining or using medical information for credit eligibility determinations. Specifically, the proposed rule would amend ...
Supreme Court To Enter Into Judgment Upholding CFPB Rule
National Mortgage Professional· 4 days agoA long-awaited regulation protecting consumers from loan sharks will likely be put in place early...
Will CFPB’s Ban On Medical Debts From Credit Reports Help Patients?
Forbes· 6 days agoBanning medical debts from credit reports will only yield temporary protection for some patients....
Director Rohit Chopra continues to dismiss arguments that the CFPB is unlawfully funded out of...
JD Supra· 5 days agoOn June 13, 2024, CFPB Director Rohit Chopra appeared before the House Financial Services Committee for a hearing, “The Semi-Annual Report of the Bureau of Consumer Financial ...
Troutman Pepper Weekly Consumer Financial Services Newsletter - June 2024 # 3 | JD Supra
JD Supra· 3 days agoOn June 14, the Consumer Financial Protection Bureau (CFPB) announced that its so-called “Payday, Vehicle Title and Certain High-Cost Installment Loans” rule (Rule) will go ...