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CFPB’s Targeting of Medical Debt and Card Fees May Have Unintended Consequences
PYMNTS.com· 24 hours agoThe Consumer Financial Protection Bureau’s (CFPB) rules that seek to remove medical debt from credit...
CFPB Takes Action Against Owners of Small Dollar Lender for Hiding Money to Avoid Penalties | JD...
JD Supra· 1 day agoOn June 17, the Consumer Financial Protection Bureau filed an order to resolve its 2023 lawsuit against the former CEO of a short-term small dollar lender and his spouse, in connection with ...
Update on CFPB payday lending rule: “it ain’t over ‘till it’s over” | JD Supra
JD Supra· 20 hours agoOn June 14, the CFPB announced that its payday lending rule would become effective on March 30, 2025. After the U.S. Supreme Court’s decision in CFSA v. CFPB</ ...
CFPB Warns Against Deceptive Fine-Print Tactics Targeting Consumers
The National Law Review· 7 days agoOn June 4, 2024, the CFPB released a circular cautioning companies against including unlawful or...
CFPB Files $3.95M Proposed Order to Settle HMDA Lawsuit Against Florida-Based Mortgage Company | JD...
JD Supra· 1 day agoOn June 18, the CFPB filed a proposed final judgment that would require a Florida-based nonbank mortgage originator and servicer to pay a $3.95 million civil money penalty ...
CFPB reports negative equity findings from the Auto Finance Data Pilot | JD Supra
JD Supra· 1 day agoOn June 17, the CFPB published the first report in a series that will analyze detailed information from nine major auto lenders – including banks, finance companies, and captive ...
Mind the Fine Print: CFPB Warns Against Use of Unenforceable Terms and Conditions | JD Supra
JD Supra· 1 day agoThe CFPB concluded that the inclusion of such provisions in consumer-facing terms and agreements can constitute an unlawful act of deception. Specifically, the Circular – ...
CFPB Cracks Down on Mortgage Servicers, Alleging Harmful Practices Against Older Homeowners | JD...
JD Supra· 1 day agoOn June 18, the CFPB settled enforcement actions (found here and here) against two mortgage servicers who serviced reverse mortgages on behalf of HUD, for their systemic failure ...
CFPB Settles with Nonbank Mortgage Originator for $4 Million | JD Supra
JD Supra· 1 day agoOn June 18, 2024, the Consumer Financial Protection Bureau (CFPB) announced that it has filed a proposed order that would require a Florida-based nonbank mortgage loan originator ...
JD Supra: CFPB Q1 Circular Recap: Essential Takeaways for Mitigating UDAAP Risk to Remittance...
JD Supra· 2 days agoIn the first quarter of 2024, the Consumer Financial Protection Bureau (CFPB) issued two Consumer Financial Protection Circulars, putting remittance transfer providers, digital ...