In this article, we share a timeline of our monthly "bites" for 2024 applicable to consumers protected by nondiscrimination and military protection laws. 2025 will likely bring more of the same, particularly in the area of...more
1/22/2025
/ Anti-Discrimination Policies ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Discrimination ,
ECOA ,
Enforcement ,
Enforcement Actions ,
Enforcement Statistics ,
Fair Lending ,
Military Service Members ,
Servicemembers Civil Relief Act (SCRA) ,
Small Business ,
Student Loans ,
UDAAP
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
California recently enacted Senate Bill 1311, the Military and Veteran Consumer Protection Act of 2022, with the stated intent of strengthening the state's military consumer protection laws by enhancing protections for...more
12/5/2022
/ Automotive Loans ,
California ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Lenders ,
Financial Services Industry ,
Financial Transactions ,
Military Lending Act ,
Military Service Members ,
Motor Vehicles ,
New Legislation ,
Regulatory Reform ,
UDAAP ,
Veterans
Accepting payments via discretionary military allotments has long been suspect in the eyes of the Consumer Financial Protection Bureau. Military allotments are automatic deductions from military pay. Allotments can be...more
In 2010, the Dodd-Frank Act for the first time made it unlawful for persons to engage in an “abusive act or practice.” The “abusive” standard was added to the existing “UDAP” standard—unfair, deceptive acts and practices,...more