In this article, we share a timeline of our monthly "bites" for 2024 applicable to the mortgage industry. There was also a flurry of last-minute action by the CFPB in the mortgage space in the waning days of the Biden...more
In this article, we share a timeline of our monthly "bites" for 2024 applicable to the credit card industry. The year saw the CFPB give a fair amount of attention to credit card products, with a focus on pricing....more
1/30/2025
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Credit Cards ,
Department of Justice (DOJ) ,
Fee Caps ,
Fees ,
Final Rules ,
Financial Institutions ,
Interchange Fees ,
Regulation Z ,
Regulatory Agenda ,
Rewards Programs ,
Truth in Lending Act (TILA)
On September 13, 2024, the CFPB filed a lawsuit against the company and its owner and CEO, alleging deceptive and abusive acts and practices in violation of the CFPA and violations of TILA and its implementing regulation....more
9/18/2024
/ Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Enforcement Actions ,
Fees ,
Financial Services Industry ,
Marketing ,
Regulation Z ,
Truth in Lending Act (TILA) ,
Unfair or Deceptive Trade Practices
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 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 July 11, 2023, the CFPB announced two consent orders against a large national bank, settling allegations that the bank illegally charged consumers multiple non-sufficient fund fees for the same transaction, withheld cash...more
7/12/2023
/ Banks ,
Civil Monetary Penalty ,
Consent Order ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Enforcement Actions ,
Fair Credit Reporting Act (FCRA) ,
Fees ,
Regulation Z ,
Returned Check Fees ,
Sensitive Personal Information ,
Truth in Lending Act (TILA)