In an effort it describes as intended to help “level the playing field” between banks and nonbank consumer financial service providers that are sometimes characterized as “Big Tech”, the Consumer Financial Protection Bureau...more
Consumer debt collectors may not be permitted to charge consumers “convenience fees” for card payments, which the Consumer Financial Protection Board (the “CFPB”) calls “pay-to-pay” fees, unless the underlying loan agreement...more
8/19/2022
/ Advisory Opinions ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Convenience Fees ,
Debt Collection ,
Debt Collectors ,
Enforcement ,
Exclusions ,
FDCPA ,
Fees ,
Loan Agreements ,
Statutory Requirements ,
Third-Party Service Provider ,
UDAAP
Host Jonathan Hightower is joined by Ken Achenbach to discuss this week's proposed guidance from the Federal Reserve on the effectiveness of bank boards. In addition, at the outset of the episode Jonathan and Ken reviewed...more
9/5/2017
/ Banking Sector ,
Banks ,
Board of Directors ,
Community Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Corporate Governance ,
Disclosure Requirements ,
FDIC ,
Federal Bank Regulatory Agencies ,
Federal Reserve ,
governance ,
Liquidity ,
Liquidity Risk Management Rule ,
Loans ,
Overdraft Fees ,
Risk Management ,
Risk Mitigation
On today's episode Jonathan Hightower and Ken Achenbach discuss the CFPB's recent data proposal and what it means for banks....more