In this month's article, we share some of our top "bites" covered during the July 2025 webinar....more
7/31/2025
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Deregulation ,
Enforcement Actions ,
Financial Services Industry ,
Government Investigations ,
Inspector General ,
Lenders ,
Medical Debt ,
Overdraft Fees ,
Popular ,
Regulatory Agencies
In this month's article, we share some of our top "bites" covered during the June 2025 webinar....more
6/26/2025
/ Car Dealerships ,
Congressional Investigations & Hearings ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Data Security ,
Debt Collection ,
Deregulation ,
EFTA ,
Enforcement Actions ,
Federal Funding ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
FinTech ,
Privacy Laws ,
Reduction of Force
Please join Eric Johnson, Justin Hosie, and Kristen Yarows as they recap recent consumer financial services activities including the CFPB resuming its redress to consumers of a sales-training company, the City of Baltimore...more
In this month's article, we share some of our top "bites" covered during the January 2025 webinar....more
2/25/2025
/ Buy Now Pay Later (BNPL) ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Privacy Rights ,
Credit Cards ,
Data Privacy ,
Loan Servicer ,
Mortgages ,
Open Banking ,
Popular ,
Privacy Laws ,
Proposed Rules ,
Regulation Z ,
Seventh Amendment ,
UDAAP
In this article, we share a timeline of our monthly "bites" for 2024 applicable to companies in FinTech. The Consumer Financial Protection Bureau was on a tear in the months leading up to the election and the inauguration of...more
2/11/2025
/ Buy Now Pay Later (BNPL) ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Data Privacy ,
Data Protection ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
FinTech ,
FTC Act ,
Risk Management ,
ROSCA ,
State Attorneys General
In this article, we share a timeline of our monthly "bites" for 2024 applicable to the credit card industry. The year saw the CFPB give a fair amount of attention to credit card products, with a focus on pricing....more
1/30/2025
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Credit Cards ,
Department of Justice (DOJ) ,
Fee Caps ,
Fees ,
Final Rules ,
Financial Institutions ,
Interchange Fees ,
Regulation Z ,
Regulatory Agenda ,
Rewards Programs ,
Truth in Lending Act (TILA)
In this article, we share a timeline of our monthly "bites" for 2024 applicable to the auto finance industry....more
In this month's article, we share some of our top "bites" for the prior and current month covered during the November 2024 webinar....more
12/24/2024
/ Banking Sector ,
Compliance ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Credit Reports ,
Data Privacy ,
Debit Cards ,
EFTA ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Final Rules ,
FTC Act ,
NCUA ,
Overdraft Fees ,
ROSCA ,
Small Business ,
Statutory Authority ,
Student Loans ,
Subscription Services
The Consumer Financial Protection Bureau has long required that an institution within the scope of its supervision or enforcement authority, including both depository institutions like banks and non-depository consumer...more
11/1/2024
/ Buy Now Pay Later (BNPL) ,
Civil Investigation Demand ,
Compliance ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Depository Institutions ,
Enforcement Authority ,
Financial Services Industry ,
Internal Controls ,
Policies and Procedures ,
Risk Management ,
State Regulators
In this month's article, we share some of our top "bites" for the prior and current month covered during the September 2024 webinar....more
In this month's article, we share some of our top "bites" for the prior and current month covered during the July 2024 webinar....more
7/30/2024
/ Compliance ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Dodd-Frank ,
ECOA ,
Enforcement Actions ,
Fair Lending ,
Financial Services Industry ,
HMDA ,
Information Reports ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgage Servicing Rules ,
Mortgages ,
Proposed Rules ,
Redlining ,
Regulatory Agenda ,
RESPA ,
Reverse Mortgages ,
Small Business
Please join Eric Johnson and Justin Hosie as they recap recent CFPB actions and enforcements, including negative equity findings from the Auto Finance Data Pilot; compliance dates for the Small Business Lending Rule; the...more
7/9/2024
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Data Collection ,
Enforcement Actions ,
Fair Lending ,
Financial Services Industry ,
Fraudulent Transfers ,
Lenders ,
Mortgage Lenders ,
Reverse Mortgages ,
Small Business ,
Supervisory Highlights ,
Webinars
In this month's article, we share some of our top "bites" covered during the April 2024 webinar....more
5/2/2024
/ Administrative Procedure ,
Amicus Briefs ,
Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Covered Person ,
Credit Reporting Agencies ,
Data Protection ,
Department of Justice (DOJ) ,
Fair Credit Reporting Act (FCRA) ,
Financial Services Industry ,
Military Service Members ,
Mortgages ,
Prepaid Payment Products ,
Sensitive Personal Information ,
Video Games
In this month's article, we share some of our top "bites" covered during the March 2024 webinar.
Bite 10: CFPB Issues Statement on Privacy and Personal Data -
On February 28, 2024, the CFPB issued a statement on...more
4/1/2024
/ Appraisal ,
Banking Regulators ,
Banking Sector ,
Banks ,
Closing Costs ,
Comment Period ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Cards ,
Dodd-Frank ,
Federal Trade Commission (FTC) ,
Fees ,
FFIEC ,
Financial Services Industry ,
Mortgages ,
New Guidance ,
Paycheck Protection Program (PPP) ,
Personal Data ,
Sensitive Personal Information ,
UDAAP
In this month's article, we share some of our top "bites" covered during the February 2024 webinar....more
3/1/2024
/ Appraisal ,
Bias ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Debt Relief ,
Debt-Relief Industry ,
Enforcement Actions ,
Enforcement Statistics ,
Federal Trade Commission (FTC) ,
Fees ,
FFIEC ,
Financial Services Industry ,
FinTech ,
FOIA ,
Future Wages ,
Unpaid Wages
In this article, we share a timeline of our monthly "bites" for 2023 applicable to payments, along with some additional related information....more
1/31/2024
/ Amicus Briefs ,
Buy Now Pay Later (BNPL) ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Digital Wallets ,
Enforcement Actions ,
Financial Services Industry ,
FinTech ,
Military Service Members ,
Mobile Payments ,
Money Transfer ,
OCC ,
Payment Systems ,
Prepaid Payment Products ,
Proposed Rules ,
Unemployment Benefits
In this article, we share a list of the top 10 biggest fines and penalties from our monthly bites for 2023....more
In this article, we share a timeline of our monthly "bites" for 2023 applicable to the small dollar lending, lease-to-own, and alternative financial services industries. ...more
1/29/2024
/ Automatic Renewals ,
Buy Now Pay Later (BNPL) ,
Civil Monetary Penalty ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Department of Financial Protection and Innovation (DFPI) ,
Enforcement Actions ,
Fees ,
Financial Services Industry ,
Settlement ,
Standard Form Contracts ,
Terms and Conditions ,
Wage Advances ,
Wages
In this article, we share a timeline of our monthly "bites" for 2023 applicable to student lending along with some information related to financial products and services offered to students....more
1/26/2024
/ Annual Reports ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Debt Relief ,
Debt-Relief Industry ,
Enforcement Actions ,
Federal Student Loans ,
Fees ,
Payment Plans ,
Settlement ,
Standard Form Contracts ,
Student Loans ,
Terms and Conditions ,
Tuition
In this article, we share a timeline of our monthly "bites" for 2023 applicable to mortgage along with some additional related information. ...more
1/24/2024
/ Appraisal ,
Civil Monetary Penalty ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Discriminatory Lending Practices ,
ECOA ,
Enforcement Actions ,
Fees ,
Financial Services Industry ,
Kickbacks ,
Libor ,
Military Service Members ,
Mortgage Lenders ,
Mortgages ,
Redlining
In this article, we share a timeline of our monthly "bites" for 2023 applicable to consumers protected by nondiscrimination and military protection laws....more
1/23/2024
/ Appraisal ,
Artificial Intelligence ,
Banking Sector ,
Banks ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
DACA ,
Department of Justice (DOJ) ,
ECOA ,
Equal Employment Opportunity Commission (EEOC) ,
Ethics ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Identity Theft ,
Immigrants ,
Military Service Members
In this article, we share a timeline of our monthly "bites" for 2023 applicable to the auto finance industry. We think it's safe to say that the auto finance industry was top of mind to the CFPB. ...more
1/22/2024
/ Automotive Loans ,
Broker-Dealer ,
CARS Rule ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
DACA ,
ECOA ,
Excessive Fees ,
Fair Access to Credit ,
Federal Trade Commission (FTC) ,
Fees ,
Financial Services Industry ,
Immigrants ,
Loan Servicer ,
Pilot Programs ,
UDAAP
In this month's article, we share some of our top "bites" for the prior and current month covered during the January 2024 webinar....more
1/19/2024
/ Colleges ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Reporting Agencies ,
Credit Reports ,
Debt Collection ,
Enforcement Actions ,
Excessive Fees ,
FDIC ,
Fees ,
Financial Institutions ,
Financial Services Industry ,
HMDA ,
Loan Servicing ,
Logos ,
Mortgage Lenders ,
Mortgages ,
Nonbank Firms ,
Overdraft Fees ,
Proposed Rules ,
Relief Measures ,
Student Loans ,
Veterans
In this article, we share a timeline of our monthly "bites" for 2023 applicable to fintech. The Consumer Financial Protection Bureau (CFPB) and its director, Rohit Chopra, continued the agency's focus on the everyday consumer...more
1/17/2024
/ Abusiveness Standard ,
Bots ,
Buy Now Pay Later (BNPL) ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Financial Protection and Innovation (DFPI) ,
Digital Wallets ,
Fees ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
New Guidance ,
Non-Bank Lenders ,
Regulatory Oversight ,
Standard Form Contracts ,
Stock Options ,
Wage Advances ,
Wages
In this month's article, we share some of our top "bites" for the prior month covered during the December 2023 webinar....more
1/10/2024
/ Automotive Loans ,
Banks ,
Car Dealerships ,
Civil Monetary Penalty ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Debt Collection ,
Department of Financial Protection and Innovation (DFPI) ,
Enforcement Actions ,
FDCPA ,
Information Reports ,
Lenders ,
Misrepresentation ,
Motor Vehicles ,
OCC ,
Regulation Z ,
Truth in Lending Act (TILA) ,
Wages