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 April 2025 webinar....more
4/22/2025
/ Automotive Loans ,
Banking Sector ,
Congressional Committees ,
Consumer Financial Protection Bureau (CFPB) ,
Federal Trade Commission (FTC) ,
Final Rules ,
Financial Institutions ,
Financial Regulatory Reform ,
HMDA ,
Money Transfer ,
Mortgage Lenders ,
Mortgages ,
Overdraft Fees ,
Payday Loans ,
Popular ,
Proposed Rules ,
Small Business Loans
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 month's article, we share some of our top "bites" for the prior and current month covered during the October 2024 webinar.
...more
11/4/2024
/ Advisory Opinions ,
Amended Rules ,
Arbitration ,
Automotive Loans ,
Consumer Financial Protection Bureau (CFPB) ,
Electronic Fund Transfer Act ,
Enforcement Actions ,
FDCPA ,
Federal Reserve ,
Financial Institutions ,
Financial Services Industry ,
Medical Debt ,
Military Service Members ,
OCC ,
Redlining ,
Regulation E ,
Regulation M ,
Regulation Z ,
Unfair or Deceptive Trade Practices ,
Veterans
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" covered during the May 2024 webinar....more
5/24/2024
/ Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Credit Reports ,
Deposit Accounts ,
Enforcement Actions ,
Federal Reserve ,
Fees ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Health Savings Accounts ,
Medical Bills ,
Overdraft Fees ,
Popular ,
Regulation CC ,
Rewards Programs ,
Students
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 November 2023 webinar....more
In this month's article, we share some of our top "bites" for the prior month covered during the June 2023 webinar.
Bite 12: CFPB Focusing on Overdraft Issues -
On May 18, 2023, the CFPB announced that it had issued a...more
6/26/2023
/ Automation Systems ,
Banking Sector ,
Bots ,
Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Data Brokers ,
Discovery ,
FDIC ,
Financial Institutions ,
Mobile Apps ,
Mortgage Servicers ,
Mortgages ,
Open Banking ,
Overdraft Fees ,
Property Valuation ,
Residential Real Estate Market ,
Sanctions ,
Valuation
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 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 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 month's Top 10 article, we share some of our top "bites" for the prior month covered during the October 19, 2022, webinar. So, what happened last month? Extra Bite: CFPB Releases Special Edition of Supervisory...more
In this month's Top 10 article, we share some of our top "bites" for the prior month covered during the July 20 webinar. So, what happened at the CFPB in the past month? Bite #10 - The CFPB expressed concerns about credit...more
We thank you for reading our Top 10 and listening to our CFPB Bites of the Month webinars over the past two years. In this month's article, we share some of our top "bites" for the prior month covered during the April 20...more
The Consumer Financial Protection Bureau recently announced that discrimination—whether intentional or unintentional but produces a discriminatory outcome—is an unfair, deceptive, or abusive act or practice ("UDAAP") under...more
We thank you for reading our Top 10 and listening to our CFPB Bites of the Month webinars over the past two years. We are pleased to continue the series in 2022. In this month's article, we share some of our top "bites" for...more
3/21/2022
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Reporting Agencies ,
Dodd-Frank ,
Financial Institutions ,
Financial Services Industry ,
Loan Servicer ,
Special Purpose Credit Programs ,
Student Loans ,
Unions
We thank you for reading our Top 10 and listening to our CFPB Bites of the Month webinars over the past two years. We are pleased to continue the series in 2022. In this month's article, we share some of our top "bites" for...more
3/2/2022
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Credit Cards ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Dodd-Frank ,
Financial Institutions ,
Financial Services Industry ,
OMWI ,
Truth in Lending Act (TILA)
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
11/18/2021
/ Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Financial Institutions ,
Financial Regulatory Agencies ,
Financial Services Industry ,
Military Lending Act ,
Mortgage Lenders ,
OCC ,
Stablecoins
So what happened at the CFPB in the past month?
Bite #10 - Trade groups submitted a letter to the House Subcommittee supporting HR 4773 -
Nearly 30 trade groups, led by the Consumer Bankers Association (CBA), submitted...more
9/16/2021
/ Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Coronavirus/COVID-19 ,
Creditors ,
Financial Institutions ,
Financial Services Industry ,
Mortgage Lenders ,
Mortgage Servicing Rules ,
Regulation B
So what happened at the CFPB in the past month?
Bite #10 - The CFPB celebrated 10 years.
On July 19, Americans for Financial Reform (AFR) invited CFPB Acting Director Dave Uejio to speak at a celebration of the...more
9/1/2021
/ Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Debt Collection ,
FFIEC ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Mortgage Servicing Rules ,
RESPA ,
Truth in Lending Act (TILA)
So what happened at the CFPB in the past month?
Bite #10 - The CFPB released its Spring 2021 rulemaking Agenda.
The CFPB published its Spring 2021 rulemaking Agenda, which outlines the current plans for the CFPB...more
7/27/2021
/ Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Dodd-Frank ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Foreclosure ,
Military Lending Act ,
Mortgage Lenders ,
Racial Bias ,
Rulemaking Process ,
Supervisory Highlights ,
Telemarketing Sales Rule ,
TILA-RESPA Integrated Disclosure Rule (TRID) ,
Truth in Lending Act (TILA)
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