In this month's article, we share some of our top "bites" for the prior month covered during the May 2023 webinar....more
5/22/2023
/ Bank Accounts ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Repair Services ,
Debt-Relief Industry ,
Enforcement Actions ,
Financial Services Industry ,
Libor ,
Mortgage Servicers ,
New Guidance ,
Property Tax ,
Proposed Rules ,
Regulation Z ,
Restitution ,
Truth in Lending Act (TILA)
In this month's article, we share some of our top "bites" for the prior month covered during the April 2023 webinar....more
4/24/2023
/ Abusive Acts ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Repair Services ,
Credit Reporting Agencies ,
Data Brokers ,
Debt Collection ,
Debt-Relief Industry ,
Enforcement Actions ,
Financial Services Industry ,
For Profit Education ,
Mortgage Loan Originators ,
Mortgages ,
Settlement ,
Small Business Loans ,
Student Loans ,
Telemarketing Sales Rule
In this month's article, we share some of our top "bites" for the prior month covered during the March 2023 webinar....more
3/27/2023
/ Administrative Procedure ,
Appraisal ,
Automotive Loans ,
Background Checks ,
Buy Now Pay Later (BNPL) ,
Civil Monetary Penalty ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Credit Reports ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Military Service Members ,
Mortgage Lenders ,
Mortgages ,
Race Discrimination
We thank you for joining us over the past three years and are pleased to resume our CFPB Bites of the Month series in 2023!
Consumer financial services concerns continue to be front and center in the daily news cycles....more
In this article, we share a timeline of our monthly "bites" for 2022 applicable to consumers protected by nondiscrimination and military protection laws. The CFPB has historically been particularly active with respect to...more
2/3/2023
/ Algorithms ,
Americans with Disabilities Act (ADA) ,
Appraisal ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Department of Justice (DOJ) ,
Discriminatory Lending Practices ,
Enforcement Actions ,
Fair Lending ,
FHFA ,
Financial Institutions ,
Foreign Language ,
Lenders ,
Military Service Members ,
Mortgage Lenders ,
UDAAP ,
Veterans
In this article, we share a timeline of our monthly "bites" for 2022 applicable to the Fintech industry.
So, what happened in 2022?...more
In this month's article, we share some of our top "bites" for the prior month covered during the January 18, 2023, webinar.
Bite # 8: The CFPB Publishes Civil Penalty Inflation Adjustments Rule in Federal Register -...more
1/24/2023
/ Advertising ,
Automotive Loans ,
Civil Monetary Penalty ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Debt Collection ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Fair Housing Act (FHA) ,
Financial Institutions ,
Financial Services Industry ,
Housing Discrimination ,
Inflation Adjustments ,
International Remittance Transfers ,
Prepaid Payment Products ,
Standard Form Contracts ,
Terms and Conditions
In this article, we share a list of the biggest fines and penalties from our monthly "bites" for 2022.
So, what happened in 2022?...more
In this article, we share a timeline of our monthly "bites" for 2022 applicable to small-dollar lending.
So, what happened in 2022?...more
1/20/2023
/ Algorithms ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Reports ,
ECOA ,
Enforcement Actions ,
Enforcement Priorities ,
Fair Lending ,
Financial Services Industry ,
Payday Loans ,
Small Dollar Lenders ,
UDAAP
In this article, we share a timeline of our monthly "bites" for 2022 applicable to the Mortgage industry.
So, what happened in 2022?...more
1/13/2023
/ Affordable Housing ,
Annual Reports ,
Appraisal ,
Bias ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
ECOA ,
Enforcement Actions ,
Fair Housing Act (FHA) ,
Federal Funding ,
Financial Institutions ,
HELOC ,
HMDA ,
Homeowners ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
Property Valuation ,
Refinancing ,
Relief Measures
In this article, we share a timeline of our monthly "bites" for 2022 applicable to the auto finance industry.
So, what happened in 2022?...more
1/11/2023
/ Automotive Industry ,
Automotive Loans ,
Consent Order ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Data Security ,
ECOA ,
Enforcement Actions ,
Nonbank Firms ,
Repossess ,
Rulemaking Process ,
Supervision ,
UDAAP
In this month's Top 10 article, we share some of our top "bites" for the prior month covered during the December 21, 2022, webinar.
So, what happened last month?...more
1/4/2023
/ CARES Act ,
Consent Order ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Enforcement Actions ,
Financial Services Industry ,
HMDA ,
Truth in Lending Act (TILA) ,
Unfair or Deceptive Trade Practices
In this month's Top 10 article, we share some of our top "bites" for the prior month covered during the September 21, 2022 webinar.
So, what happened last month?
Extra Bite: CFPB comments on loan cancellation...more
As required by the Dodd-Frank Act, the Consumer Financial Protection Bureau recently provided to Congress its Consumer Response Annual Report for 2020. The report's introduction notes that, in 2020, the CFPB received more...more
Each month, we host a 30-minute webinar outlining the month's key announcements and takeaways from the Consumer Financial Protection Bureau (CFPB) for financial services providers to consider. In this month's article, we...more
4/27/2021
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Debt Collection ,
Enforcement Actions ,
Eviction ,
Fair Credit Reporting Act (FCRA) ,
Fair Lending ,
FDCPA ,
Financial Institutions ,
Financial Services Industry ,
Moratorium ,
Mortgage Servicers ,
Telemarketing Sales Rule
Each month, we host a 30-minute webinar outlining the month's key announcements and takeaways from the Consumer Financial Protection Bureau (CFPB) for financial services providers to consider. In this month's article, we...more
1/28/2021
/ Administrative Resignation ,
Banking Sector ,
Biden Administration ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Debt-Relief Industry ,
Electronic Fund Transfer Act ,
Enforcement Actions ,
FDCPA ,
Final Rules ,
Financial Services Industry ,
Military Lending Act ,
Mortgage Lenders
On January 24, the CFPB issued a Policy Statement to provide clarification on how it will apply the "abusiveness" standard in supervision and enforcement matters. As you may know, the Dodd-Frank Act provides that the CFPB may...more
One of my all-time favorite sayings is “actions speaker louder than words.” Or, in other words, what you do has a stronger impact on people than what you say. I can think of no better application of that maxim than to the...more
I just finished up a very active conference season. I’ve been on the “conference circuit” as some would say, since early January. Being on the conference circuit has enabled me to re-connect with friends, colleagues, clients...more
10/7/2019
/ Automotive Industry ,
Automotive Loans ,
Car Dealerships ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Enforcement Actions ,
False Advertising ,
Federal Trade Commission (FTC) ,
Repossess ,
Risk Assessment ,
Risk Mitigation ,
Trump Administration ,
Unfair or Deceptive Trade Practices