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Ballard Spahr attorneys and Cornell University law professor submit comments opposing CFPB rulemaking on post-dispute consumer...

Ballard Spahr Senior Counsel Alan S. Kaplinsky and Mark J. Levin, and David Sherwyn, Professor of Law at Cornell University’s School of Hotel Administration, today submitted lengthy comments to the Consumer Financial...more

CFPB releases update for small business lending data filing instructions guide

The CFPB has released an update to the Filing Instructions Guide for Small Business Lending Data. The Guide is intended to serve as a set of resources for entities who will be required to file small business lending data with...more

No ruling yet from SCOTUS on CFPB petition for certiorari seeking review of Fifth Circuit ruling that CFPB’s funding is...

The order list issued this morning by the U.S. Supreme Court did not include a ruling on the certiorari petition filed by the CFPB seeking review of the Fifth Circuit panel decision in Community Financial Services Association...more

Expected changes at CFPB under new leadership highlighted in Ballard Spahr webinar

For our webinar last week, “The Times at the CFPB are A-Changing: Perspectives on the CFPB Under Acting Director Uejio and Director Chopra,” we were joined by special guest former CFPB Director Richard Cordray. The webinar...more

CFPB announces additions to executive team

On Monday, the CFPB announced the following additions to its executive team...more

CFPB announces consent order with servicer of auto financing contracts to settle unfair practice claims relating to coverage for...

The CFPB recently announced that it has entered into a consent order with Lobel Financial Corporation, a company that purchases and services retail installment sales contracts (RISC) originated by subprime auto dealers, to...more

CFPB announces advisory committee members

Last week, the CFPB announced the appointment of new members to its advisory committees: Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research...more

First CFPB Tech Sprint to be held on Oct. 5-9 to improve consumer adverse action notices

The CFPB announced that it will hold its first Tech Sprint on October 5-9, 2020, with the participating teams to be focused on “developing a range of innovative approaches to electronically-delivered adverse action notices”...more

CFPB Moves For Partial Dismissal Of Lawsuit Challenging Creation Of Taskforce On Federal Consumer Financial Law

The CFPB has filed a motion seeking the partial dismissal of the lawsuit filed in Massachusetts federal district court by the National Association of Consumer Advocates, U.S. Public Interest Research Group, and Professor...more

CFPB issues Spring 2020 semi-annual report to Congress

The CFPB has issued its Spring 2020 Semi-Annual Report to Congress covering the period September 30, 2019 through March 31, 2020. The report represents the CFPB’s fourth semi-annual report under Director Kraninger’s...more

Senate Banking Committee to hold July 29 hearing on CFPB

On July 29, 2020, the Senate Banking Committee will meet remotely to conduct a hearing entitled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” CFPB Director Kraninger is the only scheduled...more

House Financial Services Committee to hold July 30 hearing on the CFPB’s pandemic response

On July 30, 2020, the House Financial Services Committee will hold a hearing entitled, “Protecting Consumers During the Pandemic?  An Examination of the Consumer Financial Protection Bureau.” ...more

CFPB to hold July 29 symposium on cost-benefit analysis

The CFPB will hold a symposium on the use of cost-benefit analysis in consumer financial protection regulation on July 29, 2020. The event will be webcast on the Bureau’s website....more

Senate Banking Committee to hold June 30 hearing on digitization of money and payments

The Senate Banking Committee will hold a hearing today, June 30, titled, “The Digitization of Money and Payments.”...more

FTC Provides Annual Enforcement Report To CFPB

The Federal Trade Commission recently provided its annual letter to the CFPB concerning its enforcement activities relating to compliance with Regulation Z (Truth in Lending Act), Regulation M (Consumer Leasing Act), and...more

CFPB makes enhancements to consumer complaint database

The CFPB issued a press release earlier this week to announce that it has made a series of enhancements to its consumer complaint database.  The CFPB announced its plans to make the enhancements in September 2019 in...more

CFPB May 1 advisory groups meeting to focus on COVID-19 pandemic

The CFPB will hold a joint meeting of its advisory groups by conference call on May 1, 2020.  The groups consist of the Consumer Advisory Board, the Community Bank Advisory Council, the Credit Union Advisory Council, and the...more

Regulatory and litigation risks to consumer financial services providers highlighted in Ballard Spahr webinar on COVID-19 crisis...

Our webinar yesterday, “Consumer Financial Regulatory and Litigation Fallout from the COVID-19 Crisis,” in which we were joined by special guest speakers Richard Cordray, former CFPB Director, and John Roddy, Partner at...more

CFPB seeking comments to assist Taskforce on Federal Consumer Financial Law

The CFPB has published a request for information (RFI) in today’s Federal Register seeking comments and information to assist its Taskforce on Federal Consumer Financial Law.  Comments on the RFI must be received by June 1,...more

4th Circuit Rules Plaintiffs Have No Standing to Sue Based on Mere RESPA Statutory Violation Claim

A three judge panel of the U.S. Court of Appeals for the Fourth Circuit (Fourth Circuit) recently held in Baehrs v. The Creig Northrop Team et al that although the plaintiffs had alleged a violation of the Real Estate...more

Director Kraninger to appear before Senate Banking Committee on March 10

CFPB Director Kathy Kraninger is scheduled to appear before the Senate Banking Committee today, March 10, at hearing entitled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” ...more

CFPB to hold March 10 event on consumer debt relief

On March 10, 2020, the CFPB will host a day-long event entitled, “Evolutions in Consumer Debt Relief.”  The event will explore options for consumers facing unmanageable unsecured debt and limited credit options....more

CFPB to hold Feb. 26 symposium on consumer access to financial records and Dodd-Frank Section 1033

The CFPB announced that it will hold a symposium on consumer access to financial records and Section 1033 of the Dodd-Frank Act on February 26, 2020.  The event will be webcast on the Bureau’s website....more

David Silberman resigns from CFPB

David Silberman, who has served as the CFPB’s Associate Director for Research, Markets, and Regulations since 2011, announced that he has left the agency to become a part-time senior advisor to both the Center for Responsible...more

CFPB to host consumer debt relief event

On March 10, 2020, the CFPB will host a day-long event, “Evolutions in Consumer Debt Relief.”  The event will explore options for consumers facing unmanageable unsecured debt and limited credit options.  ...more

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