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CFPB Issues Final Rule Creating Nonbank Enforcement Action Registry | JD Supra
JD Supra· 3 days agoThe CFPB issued its final rule, titled the Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders Final Rule, on June 3, 2024. The rule will require ...
CFPB Establishes New Obligations for Covered Nondepository Institutions Subject to Judicial or...
JD Supra· 3 days agoThe Bureau’s new rule creates a public registry of such orders dating back to January 1, 2017. It requires covered entities to submit the orders and information about them to populate the registry ...
CFPB’s New Interpretive Rule Takes Aim at BNPL Payment Plans: Practical Takeaways | JD Supra
JD Supra· 3 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 ...
Consumer watchdog creates corporate ‘repeat offender’ registry
The Hill via AOL· 4 days agoThe federal government’s top consumer watchdog is establishing a registry to track companies and...
CFPB says SCRA-related complaints are increasing | JD Supra
JD Supra· 3 days agoOn May 23, the CFPB published a blog post reporting that complaints from servicemembers, veterans, and their families significantly increased, with the total number of complaints ...
CFPB to require nonbanks to register outside enforcement orders
Compliance Week· 4 days agoThe rule mandates nonbank financial companies register with the bureau when they become subject to a “written order imposing obligations based on violations of certain consumer protection laws ...
Wiley Consumer Protection Download (June 4, 2024) | JD Supra
JD Supra· 3 days agoSupreme Court Upholds CFPB Funding Structure as Constitutional. On May 16, the U.S. Supreme Court held that Congress may allow the CFPB to draw money from ...
CFPB Probing Alleged “Junk Fees” in Mortgage Closing Costs | JD Supra
JD Supra· 4 days agoOn May 30, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a request for information (Request) regarding alleged “junk fees” in closing costs charged by mortgage ...
CFPB, financial trades clash over wire transfer fraud liability - CUInsight
CUInsight.com· 3 days agoProtection Bureau’s assertion that consumers who initiate a wire transfer made through their...
Student loan debt: New lawsuit filed on behalf of borrowers
Newsweek· 6 days agoOn Friday, the Consumer Financial Protection Bureau (CFPB) filed a new lawsuit against the...