Legal updates for: CFPB

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8 Simple Rules for Accommodating Responsible Innovation

by Bradley Arant Boult Cummings LLP on

...From mobile deposits to securing account access with biometric data, financial institutions are interacting with their customers in never-before-seen ways. But long before these advances come to market they must survive regulators’ scrutiny. To effectively screen new developments, regulators must therefore innovate alongside industry.... more

CFPB issues 2015 fair lending report

by Ballard Spahr LLP on

...The CFPB has issued a report covering its fair lending activities during 2015.  The report states that in 2015, CFPB fair lending supervisory and public enforcement actions required institutions to provide approximately $108 million in remed... more