In this month's article, we share some of our top "bites" for the prior and current month covered during the August 2024 webinar....more
8/28/2024
/ Advisory Opinions ,
Anti-Discrimination Policies ,
Artificial Intelligence ,
Automation Systems ,
Buy Now Pay Later (BNPL) ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Repair Services ,
ECOA ,
Excessive Fees ,
Fees ,
Final Rules ,
Payment Processors ,
Popular ,
Property Valuation ,
Regulation Z ,
Request For Information ,
Residential Leases ,
School Lunch Programs ,
Solar Energy ,
U.S. Treasury ,
UDAAP ,
Whistleblower Protection Policies ,
Whistleblowers
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 month covered during the October 2023 webinar.
Bite 10: New Report on NSF Fees at Banks and Credit Unions On October 11, 2023, the CFPB issued a data...more
10/23/2023
/ Anti-Discrimination Policies ,
Banking Sector ,
Banks ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Repair Services ,
Credit Unions ,
DACA ,
Department of Justice (DOJ) ,
ECOA ,
Enforcement Actions ,
Fees ,
Immigrants ,
Medical Bills ,
New Guidance ,
Overdraft Fees ,
Popular ,
Rulemaking Process ,
Supervisory Highlights ,
Surprise Medical Bills
In this month's article, we share some of our top "bites" for the prior month covered during the August 2023 webinar.
Bite 1: CFPB Publishes Report on Employer-Driven Debt -
On July 20, 2023, the CFPB published a...more
8/18/2023
/ Automotive Loans ,
Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Data Brokers ,
Fair Credit Reporting Act (FCRA) ,
Housing Market ,
Landlords ,
Loan Servicer ,
Payday Loans ,
Rent-to-Own Companies ,
Rental Property ,
Residential Leases ,
Small Business ,
Small Business Loans ,
Tenants ,
UDAAP ,
Unfair or Deceptive Trade Practices
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 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 credit card industry. As evidenced by the timeline, federal regulators (primarily the CFPB) are beginning to renew their focus on credit...more
1/19/2023
/ CARD Act ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Credit Cards ,
Dodd-Frank ,
ECOA ,
Excessive Fees ,
Fair Credit Reporting Act (FCRA) ,
Fees ,
Financial Services Industry ,
UDAAP ,
Unconstitutional Condition
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 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 August 17, 2022 webinar. So, what happened last month? Bite #10 - Extra Bite: Global payments company plans to appeal...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
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 - An appeals court vacated the CFPB's award against two mortgage relief companies and their attorneys.
Back in 2014, the CFPB brought an action against two legal...more
10/21/2021
/ Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Coronavirus/COVID-19 ,
Debt Collection ,
Debt Collectors ,
Debt-Relief Industry ,
Financial Services Industry ,
Payday Loans ,
Reverse Mortgages ,
Telemarketing Sales Rule
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 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
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
Each month, we host a 30-minute webinar outlining the month's key announcements and takeaways from the CFPB to be considered by financial services providers. It was a particularly busy month at the CFPB, so as an extra...more
12/18/2020
/ Automotive Loans ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Leasing Act (CLA) ,
Consumer Price Index ,
Debt Collectors ,
Dodd-Frank ,
FDCPA ,
Federal Reserve ,
Military Lending Act ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
OCC ,
RESPA ,
SBREFA ,
Telemarketing Sales Rule ,
Truth in Lending Act (TILA) ,
Unfair or Deceptive Trade Practices
Each month, we host a 30-minute webinar outlining the month's key announcements and takeaways from the CFPB to be considered by financial services providers. In this month's article, we share our top "bites" covered during...more
11/20/2020
/ Confidential Information ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Credit Reports ,
Debt Collectors ,
Debt-Relief Industry ,
Disclosure Requirements ,
FDCPA ,
Final Rules ,
Financial Services Industry ,
HMDA ,
No-Action Letters ,
Payday Loans ,
Small Dollar Lenders ,
Telemarketing Sales Rule
Each month, we host a 30-minute webinar outlining the month's key announcements and takeaways from the CFPB to be considered by financial services providers. In this first article in the series, we share our top "bites"...more
11/2/2020
/ Administrative Consent Order (ACO) ,
Automotive Loans ,
Banking Sector ,
CARD Act ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Debt Collectors ,
FDCPA ,
Federal Trade Commission (FTC) ,
Marketing Services Agreements ,
RESPA ,
TILA-RESPA Integrated Disclosure Rule (TRID) ,
Truth in Lending Act (TILA)