The Federal Trade Commission (FTC) announced a groundbreaking settlement with Invitation Homes, a large single-family rental home owner/operator, on September 24. ...more
10/7/2024
/ Compliance ,
Compliance Monitoring ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Reports ,
Enforcement Actions ,
Eviction ,
Federal Trade Commission (FTC) ,
FHFA ,
HUD ,
Notice Requirements ,
Property Management Companies ,
Property Managers ,
Rental Property ,
Section 5 ,
Security Deposits ,
Settlement ,
UDAAP
Nonbank financial services companies with prior enforcement orders are preparing for the Consumer Financial Protection Bureau’s (CFPB) new Registry, which takes effect September 16. Nonbank consumer lenders, loan servicers,...more
6/26/2024
/ Annual Statements ,
Best Practices ,
Consent Decrees ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Consumer Reporting Agencies ,
Covered Entities ,
Credit Bureaus ,
Debt Collectors ,
Disclosure Requirements ,
Enforcement ,
Final Rules ,
Financial Services Industry ,
Loan Servicer ,
Non-Bank Lenders ,
Registration Requirement ,
Webinars
Who's Covered: Registrations and Written Statements -
Generally, a covered nonbank with a covered order in effect on or after September 16, 2024, must register and submit information to the CFPB about the entity and the...more
Constitutionality concerns cleared, the Consumer Financial Protection Bureau (CFPB) on June 3 issued its final rule creating a registry identifying covered nonbanks subject to government agency enforcement orders. The rule's...more
6/6/2024
/ Annual Reports ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Enforcement Actions ,
Financial Services Industry ,
Loan Servicer ,
NMLS ,
Non-Depository Institutions ,
Nonbank Firms ,
Registration Requirement ,
UDAAP
The White House today brought attention to new state laws and voluntary industry practices that limit fees charged to renters and increase the transparency of those fees, noting the burden such fees impose on American...more
7/20/2023
/ Biden Administration ,
Consumer Financial Protection Bureau (CFPB) ,
Disclosure Requirements ,
Fair Credit Reporting Act (FCRA) ,
Fees ,
HUD ,
Information Reports ,
Public Housing Authorities ,
Rental Property ,
Residential Leases ,
Screening Procedures ,
Tenants