On January 26, 2022, the Consumer Financial Protection Bureau (CFPB) issued a request for public comment relating to “junk fees” consumers may be subjected to when engaging in financial services.
So what exactly is a...more
2/15/2022
/ Banking Sector ,
Comment Period ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Fees ,
Financial Institutions ,
Financial Services Industry ,
Public Comment ,
Request For Information ,
Rulemaking Process
Over the past year and a half, the CFPB has been quietly taking steps toward implementing regulations around collecting data from commercial lenders regarding commercial loans. Those efforts culminated on September 1, 2021,...more
9/3/2021
/ Commercial Loans ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Data Collection ,
Dodd-Frank ,
Financial Services Industry ,
Lenders ,
Notice of Proposed Rulemaking (NOPR) ,
Proposed Rules ,
Section 1071 ,
Small Business