06.29.21
On June 25, the Department of Housing and Urban Development published in the Federal Register a proposal to rescind its own 2020 disparate impact rule.
06.28.21
The U.S. Supreme Court held on June 25 in TransUnion LLC v. Ramirez that plaintiffs lack Article III standing to pursue claims in federal court in the absence of a concrete injury-in-fact (i.e., actual economic damages or bodily injury) even where the defendant violated a federal statute granting a ...
04.29.21
As proposed back in March, the Consumer Financial Protection Bureau has now formally delayed the mandatory compliance date for the new general qualified mortgage (QM) rule to October 1, 2022, effective June 30.
04.26.21
The Supreme Court has just made it significantly more difficult for the Federal Trade Commission (FTC) to obtain monetary relief in enforcement actions, terminating a practice the FTC has engaged in for decades to exact monetary recoveries.
04.02.21
Another day, another major pronouncement from the Consumer Financial Protection Bureau, which just took two important actions.
04.01.21
In two recent communications, the Consumer Financial Protection Bureau acting director is signaling that the Bureau will vigorously enforce against consumers harmed by short-term lenders that fail to underwrite loans based on the borrowers’ ability to repay them.
03.31.21
The Sixth Circuit Court of Appeals held earlier this week that the CDC is unlikely to prevail on the merits and therefore a ruling from the Western District of Tennessee holding that the federal eviction moratorium “is ultravires; and is unenforceable in the Western District of ...
03.16.21
Last week, the Consumer Financial Protection Bureau just reversed course on the standard for abusive practices established under prior CFPB leadership.
03.10.21
On March 9, 2021, the Consumer Financial Protection Bureau issued an Interpretive Rule that the prohibitions against sex discrimination in the Equal Credit Opportunity Act and Regulation B encompass sexual orientation discrimination and gender identity discrimination.
01.20.21
Rohit Chopra will be nominated as the next Director of the Consumer Financial Protection Bureau.