In this month's article, we share some of our top "bites" covered during the June 2025 webinar....more
6/26/2025
/ Car Dealerships ,
Congressional Investigations & Hearings ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Data Security ,
Debt Collection ,
Deregulation ,
EFTA ,
Enforcement Actions ,
Federal Funding ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
FinTech ,
Privacy Laws ,
Reduction of Force
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" 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
The Consumer Financial Protection Bureau (CFPB) has turned its attention to in-game currencies and purchases (commonly referred to as "microtransactions or "downloadable content"). On August 28, 2024, the CFPB followed up its...more
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" for the prior and current month covered during the July 2024 webinar....more
7/30/2024
/ Compliance ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Dodd-Frank ,
ECOA ,
Enforcement Actions ,
Fair Lending ,
Financial Services Industry ,
HMDA ,
Information Reports ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgage Servicing Rules ,
Mortgages ,
Proposed Rules ,
Redlining ,
Regulatory Agenda ,
RESPA ,
Reverse Mortgages ,
Small Business
In this month's article, we share some of our top "bites" covered during the June 2024 webinar....more
7/12/2024
/ Buy Now Pay Later (BNPL) ,
Compliance ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Credit Reports ,
Debt-Relief Industry ,
Enforcement Actions ,
Federal Funding ,
Financial Services Industry ,
Late Fees ,
Loan Servicer ,
Medical Bills ,
Military Lending Act ,
Misrepresentation ,
Open Banking ,
Peer-to-Peer ,
Pending Legislation ,
SCOTUS ,
Student Loans ,
Telemarketing ,
UDAAP ,
Unfair or Deceptive Trade Practices
Please join Eric Johnson and Justin Hosie as they recap recent CFPB actions and enforcements, including negative equity findings from the Auto Finance Data Pilot; compliance dates for the Small Business Lending Rule; the...more
7/9/2024
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Data Collection ,
Enforcement Actions ,
Fair Lending ,
Financial Services Industry ,
Fraudulent Transfers ,
Lenders ,
Mortgage Lenders ,
Reverse Mortgages ,
Small Business ,
Supervisory Highlights ,
Webinars
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
On May 9, 2024, we published our first article in a series of articles on the CFPB's interest in gaming. Back on April 4, 2024, the Consumer Financial Protection Bureau ("CFPB") issued a report identifying various risks to...more
In this month's article, we share some of our top "bites" covered during the April 2024 webinar....more
5/2/2024
/ Administrative Procedure ,
Amicus Briefs ,
Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Covered Person ,
Credit Reporting Agencies ,
Data Protection ,
Department of Justice (DOJ) ,
Fair Credit Reporting Act (FCRA) ,
Financial Services Industry ,
Military Service Members ,
Mortgages ,
Prepaid Payment Products ,
Sensitive Personal Information ,
Video Games
In this month's article, we share some of our top "bites" covered during the March 2024 webinar.
Bite 10: CFPB Issues Statement on Privacy and Personal Data -
On February 28, 2024, the CFPB issued a statement on...more
4/1/2024
/ Appraisal ,
Banking Regulators ,
Banking Sector ,
Banks ,
Closing Costs ,
Comment Period ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Cards ,
Dodd-Frank ,
Federal Trade Commission (FTC) ,
Fees ,
FFIEC ,
Financial Services Industry ,
Mortgages ,
New Guidance ,
Paycheck Protection Program (PPP) ,
Personal Data ,
Sensitive Personal Information ,
UDAAP
In this month's article, we share some of our top "bites" covered during the February 2024 webinar....more
3/1/2024
/ Appraisal ,
Bias ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Debt Relief ,
Debt-Relief Industry ,
Enforcement Actions ,
Enforcement Statistics ,
Federal Trade Commission (FTC) ,
Fees ,
FFIEC ,
Financial Services Industry ,
FinTech ,
FOIA ,
Future Wages ,
Unpaid Wages
In this article, we share a timeline of our monthly "bites" for 2023 applicable to debt collection. If debt collection in 2023 had a theme it would be medical debt....more
2/1/2024
/ Consumer Financial Protection Bureau (CFPB) ,
Credit Reports ,
Debt Collection ,
Debt Collectors ,
Enforcement ,
Enforcement Actions ,
FDCPA ,
Financial Services Industry ,
Loan Servicing ,
Medical Debt ,
Mortgages ,
Payday Loans ,
Rulemaking Process ,
Student Loans ,
UDAAP
In this article, we share a timeline of our monthly "bites" for 2023 applicable to payments, along with some additional related information....more
1/31/2024
/ Amicus Briefs ,
Buy Now Pay Later (BNPL) ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Digital Wallets ,
Enforcement Actions ,
Financial Services Industry ,
FinTech ,
Military Service Members ,
Mobile Payments ,
Money Transfer ,
OCC ,
Payment Systems ,
Prepaid Payment Products ,
Proposed Rules ,
Unemployment Benefits
In this article, we share a timeline of our monthly "bites" for 2023 applicable to the small dollar lending, lease-to-own, and alternative financial services industries. ...more
1/29/2024
/ Automatic Renewals ,
Buy Now Pay Later (BNPL) ,
Civil Monetary Penalty ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Department of Financial Protection and Innovation (DFPI) ,
Enforcement Actions ,
Fees ,
Financial Services Industry ,
Settlement ,
Standard Form Contracts ,
Terms and Conditions ,
Wage Advances ,
Wages
In this article, we share a timeline of our monthly "bites" for 2023 applicable to mortgage along with some additional related information. ...more
1/24/2024
/ Appraisal ,
Civil Monetary Penalty ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Discriminatory Lending Practices ,
ECOA ,
Enforcement Actions ,
Fees ,
Financial Services Industry ,
Kickbacks ,
Libor ,
Military Service Members ,
Mortgage Lenders ,
Mortgages ,
Redlining
In this article, we share a timeline of our monthly "bites" for 2023 applicable to consumers protected by nondiscrimination and military protection laws....more
1/23/2024
/ Appraisal ,
Artificial Intelligence ,
Banking Sector ,
Banks ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
DACA ,
Department of Justice (DOJ) ,
ECOA ,
Equal Employment Opportunity Commission (EEOC) ,
Ethics ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Identity Theft ,
Immigrants ,
Military Service Members
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 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 September 2023 webinar.
Bite 1: Update on Federal Student Loan Borrowers -
On September 5, 2023, the CFPB reminded...more
9/25/2023
/ Artificial Intelligence ,
Banking Crisis ,
Big Tech ,
Churning ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Repair Services ,
Creditors ,
Enforcement Actions ,
FDIC ,
Financial Services Industry ,
FinTech ,
Kickbacks ,
Leases ,
Mobile Apps ,
Mobile Payments ,
Payment Systems ,
Proposed Rules ,
Regulatory Agenda ,
Student Loans ,
Tuition
In this month's article, we share some of our top "bites" for the prior month covered during the July 2023 webinar.
Bite 10: Public Inquiry Launched into Credit Card and Loan Products for Healthcare Costs -
On July 7,...more
7/24/2023
/ Amicus Briefs ,
Annual Reports ,
Banks ,
Constitutional Challenges ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Enforcement Actions ,
Excessive Fees ,
Fair Lending ,
False Advertising ,
Federal Reserve ,
Financial Services Industry ,
For Profit Education ,
Loans ,
Medical Bills ,
Medical Debt ,
Mortgage Lenders ,
Mortgages ,
OCC ,
Overdraft Fees ,
Predatory Lending ,
Race Discrimination ,
Student Loans ,
Telemarketing Sales Rule ,
Truth in Lending Act (TILA) ,
Unauthorized Transactions
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)