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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 ...
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 ...
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...
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· 1 day agoThe financial services and banking industry landscape continues to evolve in the face of new and...
Wiley Consumer Protection Download (June 18, 2024) | JD Supra
JD Supra· 3 days agoWelcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal...
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.
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 ...
Fifth Circuit (again) rejects transfer of credit card late fee case to D.C. | JD Supra
JD Supra· 2 days agoOn June 19, 2024, the Fifth Circuit dissolved the district court’s order transferring the case challenging the CFPB’s credit card late fee rule. In granting the writ of mandamus ...