News & Analysis as of September 23, 2024

Mortgages › Prepaid Payment Products

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

CFPB Bites of the Month - April 2024 - Won't Get Fooled Again, CFPB

Hudson Cook, LLP on 5/2/2024

In this month's article, we share some of our top "bites" covered during the April 2024 webinar....more

2022 Year In Review - Consumer Finance

Goodwin on 2/22/2023

2022 saw a flurry of regulatory activity by federal enforcement agencies — most notably, the Consumer Financial Protection Bureau (CFPB, or Bureau) — as the industry began to experience the full effects of the change in...more

Financial Services Report - Summer 2017

Morrison & Foerster LLP on 6/20/2017

EDITOR’S NOTE - Summer blockbuster season is officially upon us. Have you seen Wonder Woman yet? What about Guardians of the Galaxy Part 2? It’s déjà vu all over again with Baywatch, Pirates of the Caribbean, Alien,...more

CFPB Monthly Report Spotlights Mortgage Products

Smith Debnam Narron Drake Saintsing & Myers,... on 2/17/2017

The CFPB has issued its monthly complaint report and is shining its spotlight on mortgage products. The Monthly Complaint Report provides a high level snap shot of trends in consumer complaints, using a three month rolling...more

CFPB January 2017 complaint report highlights mortgage complaints, complaints from Tennessee consumers

Ballard Spahr LLP on 2/9/2017

The CFPB has issued its January 2017 complaint report that highlights mortgage complaints. The report also highlights complaints from consumers in Tennessee and the Memphis and Nashville metro areas....more

CFPB October 2016 complaint report highlights prepaid card complaints, complaints from North Carolina consumers

Ballard Spahr LLP on 10/27/2016

The CFPB has issued its October 2016 complaint report which highlights complaints about prepaid cards and complaints from consumers in North Carolina and the Charlotte metro area. The CFPB began taking prepaid card...more

Financial Services Weekly News - October 2016

Goodwin on 10/6/2016

Editor's Note - Regulation and Innovation, Part IV. In the April 6, June 22 and September 14 editions of the Roundup, we discussed the approaches of various banking regulators generally, and the Office of the...more

CFPB’s Proposed Rule Banning Use of Pre-Dispute Arbitration Agreements to Block Consumer Class Actions Signals New Wave of Class...

Carlton Fields on 7/25/2016

On May 5, the Consumer Financial Protection Bureau (CFPB or Bureau) published a proposed rule which would prohibit application of pre-dispute arbitration agreements to class litigation involving a broad range of consumer...more

CFPB Releases Spring 2016 Rulemaking Agenda

Ballard Spahr LLP on 5/27/2016

The Consumer Financial Protection Bureau (CFPB) has released its Spring 2016 rulemaking agenda. The agenda sets the following timetables for key rulemaking initiatives: Arbitration. The Spring 2016 agenda does not...more

CFPB releases Spring 2016 rulemaking agenda

Ballard Spahr LLP on 5/23/2016

The CFPB has released its Spring 2016 rulemaking agenda. The agenda sets the following timetables for key rulemaking initiatives: Arbitration. The Spring 2016 agenda does not reflect the CFPB’s release of its proposed...more

Financial Services Weekly News - March 2016 #4

Goodwin on 3/24/2016

Regulatory Developments - FHA Revises Loan-Level Certification Form - On March 15, the Federal Housing Administration (FHA) announced changes to its loan-level certification form. The changes resulted from concerns...more

CFPB Shines its Spotlight on Prepaid Product Complaints

Locke Lord LLP on 3/11/2016

As the consumer finance industry is aware, on June 25, 2015, consumer narratives became publicly available on the Consumer Financial Protection Bureau’s (CFPB) Consumer Complaint Database. As of Feb. 1, 2016, the Bureau has...more

The CFPB 2015 Forecast: Continued Cloudiness, Thunderstorms Likely

Morrison & Foerster LLP on 1/26/2015

This will be a busy year at the Consumer Financial Protection Bureau (CFPB), and that certainly means it will be a busy year for financial institutions as well. In addition to exercising its supervisory and enforcement...more

Dodd-Frank News: May 2014: Dodd-Frank Wall Street Reform and Consumer Protection Act Update

Burr & Forman on 5/30/2014

In This Issue: - RECENT CASES ..Preemption ..CFPB Involvement in Litigation ..CFTC Regulation of Retail Commodity Transactions ..Durbin Amendment ..Appraiser Disclosure Requirements Under...more

Dodd-Frank News: September 2013: Dodd-Frank Wall Street Reform And Consumer Protection Act Update

Burr & Forman on 9/24/2013

In This Issue: - Recent Cases ..CFPB Involvement in Litigation ..Say-On-Pay Voting ..Constitutional Challenges to Dodd-Frank ..TILA Rescission ..Dodd-Frank Amendment to the Securities and...more

Director Cordray comments on effective date of mortgage rules, prepaid card rule and new Deputy Director

Ballard Spahr LLP on 8/20/2013

CFPB Director Richard Cordray was among the federal financial regulators who attended a closed door meeting yesterday with President Obama. Other regulators attending the meeting included the Chairs of the Fed, FDIC and SEC....more

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Mortgages › Prepaid Payment Products

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