|
|
|
|
Results 1 - 10 of 2327 |
Posted Date: Tuesday, November 24, 2020
The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency announced the 2021 threshold for exempting loans for special appraisal requirements for higher-priced mortgage loans.
The calculation for the threshold is based on the annual percentage increase in the Consumer Price Index for urban wage earners and clerical workers as of June 1, 2020.
Read on for more details. Read on »
Posted Date: Friday, November 20, 2020
Anthony Alexis, former assistant director and head of enforcement at the Consumer Financial Protection Bureau, and Ori Lev, former deputy director of enforcement, engaged in a virtual forum with Dan Smith, Consumer Bankers Association executive vice president.
The trio discussed the current state of the CFPB’s supervisory, enforcement, and fair lending division.
Read on for details. Read on »
Posted Date: Friday, November 20, 2020
The Consumer Financial Protection Bureau and the Colorado Attorney General will hold joint virtual office hours on Dec. 2, 2020.
Read on for details. Read on »
Posted Date: Friday, November 13, 2020
The Consumer Financial Protection Bureau filed a lawsuit against Driver Loan, LLC, and its CEO for allegedly engaging in deceptive acts or practices.
According to the complaint, the company allegedly made misrepresentations about the APR for its small dollar loans and made misleading statements to depositors in its program called the “DriverLoan Investors Club”.
For more details on the lawsuit, read on. Read on »
Posted Date: Wednesday, November 11, 2020
At the Consumer Bankers Association (CBA) convention, CBA’s Dan Smith hosted a virtual roundtable with former staff of the Consumer Financial Protection Bureau.
Among the several topics discussed, the speakers gave important tips and advice when it comes to examinations at the end of a unique year.
For more on what they had to say, read on. Read on »
Posted Date: Wednesday, November 11, 2020
The Consumer Financial Protection Bureau issued a no action letter to Bank of America, providing a safe harbor regarding a small-dollar credit product. Bank of America sought the letter for its product called Balance Assist, developed for the entity’s checking account customers.
The application was based on the bureau-approved no action letter template issued earlier this year.
For details on the no action letter, read on. Read on »
Posted Date: Friday, November 6, 2020
The Consumer Financial Protection Bureau has issued a final rule revising regulation of the Fair Debt Collection Practices Act.
The final rule addresses communications in connection with debt collection and prohibitions on harassment or abuse, false or misleading representations, and unfair practices in debt collection. This update also includes newer forms of communication, such as cell phones and social media.
For more details on the final rule, read on. Read on »
Posted Date: Friday, November 6, 2020
The Consumer Financial Protection Bureau settled with SMART Payment Plan, LLC regarding alleged deceptive sales practices.
For more on the consent order, read on. Read on »
Posted Date: Friday, November 6, 2020
The Consumer Financial Protection Bureau issued a final rule amending its disclosure of records and information regulation.
Read on for details. Read on »
Posted Date: Friday, October 30, 2020
In its response to Community Financial Services Association of America and a Texas trade group’s suit alleging the payday loan rule is illegal, the Consumer Financial Protection Bureau stated the rule was valid because Director Kathy Kraninger ratified it.
Plaintiffs and defendant have filed motions for summary judgment with the federal court in the Western District of Texas.
Read on for details. Read on »
|
| Monthly Newsletter |
|
Cover Story:
|
|