Newsletters

04.30.20

Fair Lending and the Paycheck Protection Program

While predicting the enforcement priorities of the financial regulators has always been more of an art than a science, the current circumstances—including a pandemic, a presidential election and a Supreme Court case hanging like a guillotine over the Consumer Financial Protection Bureau ...


04.21.20

COVID-19 Credit Reporting: State AGs Might Strictly Enforce FCRA Even Where CFPB Declines

Relaxed Fair Credit Reporting Act (FCRA) credit reporting enforcement during COVID-19? Not so fast, say 23 state attorneys general (AGs).


04.20.20

COVID-19 Warning to Mortgage Servicers

Just when you thought that federal agencies were softening their stance on enforcement during the crisis, the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) took a figurative shot across the bow.


04.20.20

Fair Lending: CFPB Issues Final Rule Raising HMDA Thresholds

Keeping busy despite the pandemic, the Consumer Financial Protection Bureau (CFPB) has promulgated its final rule raising the loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Disclosure Act (HMDA) and Regulation C.


04.01.20

Consumer Mortgages and COVID-19: What You Need to Know Right Now

The Consumer Financial Protection Bureau (CFPB) published additional resources for consumers and regulated entities with respect to payment of mortgage obligations.


04.01.20

Credit Reporting During COVID-19: CFPB Issues Critical New FCRA Guidance

Furnishers and consumer reporting agencies (CRAs) have just received important new guidance on credit reporting during the COVID-19 pandemic. Here are the key takeaways.


03.25.20

Feds, States Offer Guidance on Loan Modifications

Aiming to encourage financial institutions to accommodate borrowers affected by COVID-19, federal and state regulators issued an interagency statement on loan modifications.


02.27.20

CFPB: Debt Collectors, Consumers Receive Clarity on Time-Barred Debt

Proposing a specific limit on debt collectors but also providing a safe harbor for compliance, the Consumer Financial Protection Bureau (CFPB) has issued proposed regulations that would allow debt collectors to contact consumers about time-barred debt as long as the collectors disclose, in the ...


02.27.20

Fair Lending: CFPB Agrees to Restart Women- and Minority-Owned Business Data Collection

In a settlement with a consumer advocacy group on a significant fair lending issue, the Consumer Financial Protection Bureau (CFPB) has agreed to restart long-stalled efforts to gather statutorily mandated data on lending to women- and minority-owned businesses.     


02.13.20

CFPB Under Fire: Executive Appointments and Enforcement Actions Rattle Legislators

Democratic legislators and consumer groups heavily criticized the Consumer Financial Protection Bureau (CFPB or Bureau) for a number of recent moves.