Anti-discrimination efforts are front and center for the Consumer Financial Protection Bureau. This is evident by the interpretive rule it recently issued relating to the Equal Credit Opportunity Act (ECOA) and Regulation B....more
In its recent Special Edition of Supervisory Highlights on COVID-19 Prioritized Assessments, the Consumer Financial Protection Bureau (CFPB) summarized challenges and risks with respect to several industries it had informally...more
2/17/2021
/ CARES Act ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Coronavirus/COVID-19 ,
Financial Services Industry ,
Mortgage Servicers ,
Mortgages ,
Paycheck Protection Program (PPP) ,
Student Loans ,
Supervisory Highlights
The Consumer Financial Protection Bureau (CFPB) recently published compliance guidance—effective immediately—on the handling of information and documents during the transfer of a mortgage loan to a new servicer. Following...more
On June 8, 2017, as we anticipated in a previous blog post, the House of Representatives voted along party lines to pass the Financial CHOICE ACT (“FCA”), which would repeal Dodd-Frank and strip the CFPB of its authority....more
Trump's Preferred Method of Scaling Back Consumer Financial Regulation is Appointment of New CFPB Director -
As expected, the United States on Friday filed an amicus brief in PHH Corp. et al. v. Consumer Financial...more
All eyes are on the future of the CFPB as it fights for its existence in the D.C. Circuit Court of Appeals through the matter, PHH Corp. et al. v. Consumer Financial Protection Bureau. On February 16, the D.C. Circuit agreed...more
D.C. Circuit Delivers First Blow to CFPB, Trump Win Delivers Second -
The future of the Consumer Financial Protection Bureau (CFPB) is up for grabs following a landmark Court of Appeals Decision, PHH Corporation v....more
11/22/2016
/ Administrative Proceedings ,
Article II ,
Banking Sector ,
Constitutional Challenges ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collectors ,
Dodd-Frank ,
Fair Credit Reporting Act (FCRA) ,
FDCPA ,
Foreclosure ,
HUD ,
Kickbacks ,
Mortgages ,
PHH Corp. v CFPB ,
Referral Fees ,
Reinsurance ,
Removal For-Cause ,
RESPA ,
Single Director ,
Spokeo v Robins ,
Statute of Limitations ,
Statutory Interpretation
Seventh Circuit Rules: Filing a Proof of Claim for Old Debt Is Okay — Circuits Split -
Owens et al. v. LVNV Funding LLC et al., Nos. 15-2044, 15-2082, 15-2109 (7th Cir. Aug.10, 2016) -
In Owens v. LVNV Funding LLC,...more
8/30/2016
/ Appeals ,
Consumer Financial Protection Bureau (CFPB) ,
Damages ,
Debt Collectors ,
Debtors ,
Evidence ,
FDCPA ,
Foreclosure ,
Mortgage Lenders ,
Pre-Judgment Interest ,
Proof of Claims ,
Reversal ,
Split of Authority ,
Spokeo ,
Spokeo v Robins ,
Standing ,
Tax Sales ,
TCPA