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Texas District Court Orders Transfer of the Credit Card Late Fee Rule Lawsuit to D.C. … Again: Fifth...
JD Supra· 5 days agoOn Tuesday, the lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB or Bureau) credit card late fee rule (Final Rule) was ordered to be transferred from the ...
Mortgage 'junk fees' can add nearly $6,000 to the cost of buying a home. The Biden administration...
Morningstar· 4 days agoThe Consumer Financial Protection Bureau said Thursday it's launching a public inquiry into "junk fees" that the agency says are increasing mortgage closing costs. "Junk fees and excessive closing ...
Consumer Finance Monitor Podcast Episode: An Insider’s View of the CFPB | JD Supra
JD Supra· 5 days agoAfter decades as an industry risk executive, Mr. Tonetti joined the Consumer Financial Protection Bureau (CFPB), where he worked for many years in roles including Debt Collection ...
CFPB sues online lending platform for alleged CFPA, FCRA violations | JD Supra
JD Supra· 4 days agoOn May 17, the CFPB announced a lawsuit against an online lending platform through which consumers could obtain small-dollar, short-term loans through a brokering arrangement ...
JD Supra: CFPB publishes the mortgage servicer edition of its Supervisory Highlights
JD Supra· 6 days agoOn April 24, the CFPB published its 33rd edition of its Supervisory Highlights which covers select examinations and violations regarding mortgage servicing from April 1, 2023, through...
As Younger Consumers Embrace Facebook, Social Commerce and In-App Payments May Surge
PYMNTS.com· 11 minutes agoMeta’s recent news that it is seeing a surge in younger users may help set the stage for a rising tide in social commerce. The platform model — not just for Facebook, but for X and for others ...
Banking and Consumer Regulatory Digest - May 2024 - 2 | JD Supra
JD Supra· 4 days agoOn May 10, 2024, a federal district judge in the Northern District of Texas granted a preliminary injunction that for now stays CFPB's rule capping most credit card late fees ...
Credit unions need independent regulation from their independent regulator - CUInsight
CUInsight.com· 1 day agoThe National Credit Union Administration (NCUA) was established by Congress in 1970 as an overhaul...
Troutman Pepper Weekly Consumer Financial Services Newsletter - May 2024 # 4 | JD Supra
JD Supra· 6 days agoOn May 28, the staff of the Federal Trade Commission (FTC) provided its annual report to the Consumer Financial Protection Bureau (CFPB) on its enforcement and related activities ...
Zero-down mortgages are making a comeback
CNN Business via AOL· 5 days ago“It happened before and it could happen again.” The housing bubble that popped around 2006 was fueled in part by an explosion of lending to subprime...