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The CFPB Alerts Credit Card Issuers That Marketing of Credit Card Promotional...
The Consumer Financial Protection Bureau (“CFPB”) recently issued a bulletin alerting credit card companies that they may be at risk of breaking the law as a result of the way they market promotional...
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Truth in Lending Act and Consumer Leasing Act Dollar Thresholds Raised: Fewer...
More consumer credit and leasing transactions will be subject to the Truth in Lending Act (TILA) and Consumer Leasing Act (CLA) in 2015. Effective January 1, 2015, the dollar threshold for exemption...
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CFPB and FTC Stop Two Payday Lending Scams
In separate suits brought by the Consumer Financial Practices Bureau (“CFPB”) and the Federal Trade Commission (“FTC”) federal courts have frozen the assets of two separate groups who allegedly...
View ArticleOnly 28 Days Left to Submit Comments Regarding the CFPB’s Proposed...
The Consumer Financial Protection Bureau (“CFPB”) has published for public comment, a proposed rule amending Regulation C to implement amendments to the Home Mortgage Disclosure Act (HMDA). The HMDA...
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31 State Attorneys General Elected to Office
Of the 50-state Attorneys General (AGs), 43 are elected. In 2014, 31 AGs were on the ballot of which 11 were open seats. Unofficial results are in, so meet the new Attorneys General. Arizona: AG-elect...
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UDAAP Council Weekly UDAAP Standards Report - 12/10/2014
Every week, courts around the United States issue decisions addressing aspects of civil UDAAP claims. In an effort to illuminate the UDAAP standards, below is a sampling of some of this week’s UDAAP...
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Recent Settlements of Joint UDAAP Enforcement Between State and Federal...
The Dodd-Frank Act (“Dodd-Frank”) granted to state attorneys general and state regulators much of the Consumer Financial Protection Bureau’s (“CFPB”) UDAAP authority. In particular, Dodd-Frank gives...
View ArticleA Bit of Grace
The Consumer Financial Protection Bureau (CFPB) has finally agreed to bend under the strain of numerous requests from financial industry participants and 255 bi-partisan House members and 41 senators,...
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CFPB Director Cordray Issues First-Ever Agency Appellate Decision in RESPA Case
The Director of the federal Consumer Financial Protection Bureau (CFPB), Richard Cordray, issued a decision yesterday in the first appeal of a Bureau administrative enforcement action. Cordray’s...
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CFPB Extends TRID Effective Date to October 1
The Consumer Financial Protection Bureau (“CFPB”) announced that it would provide mortgage lenders with additional time to prepare for the highly anticipated TILA-RESPA Integrated Disclosures...
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