As expected, the Trump administration formally terminated CFPB director Rohit Chopra over the weekend. And also as expected, President Trump used the Federal Vacancies Reform Act to appoint an acting CFPB Director—Treasury...more
2/4/2025
/ Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Executive Orders ,
Final Rules ,
Financial Regulatory Reform ,
Hedge Funds ,
Regulatory Agenda ,
Regulatory Freeze ,
Rulemaking Process ,
Trump Administration ,
U.S. Treasury
The next installment in McGlinchey’s Deep Dive into Bank Partnerships Series features an overview of depository services, featuring insights from our attorneys Rachael Aspery, Brian Fink, and Aaron Kouhoupt. They explore key...more
The Consumer Financial Protection Bureau (CFPB) has been contemplating data, algorithms, and machine learning for years. In 2017, as part of a field hearing on alternative data, the CFPB issued a request for information in...more
6/6/2022
/ Adverse Action ,
Algorithms ,
Artificial Intelligence ,
Consumer Advisory Board ,
Consumer Financial Protection Bureau (CFPB) ,
ECOA ,
Fair Lending ,
Financial Services Industry ,
Machine Learning ,
No-Action Letters ,
Popular ,
Redlining ,
Religious Discrimination ,
UDAAP ,
Whistleblowers
Things are quickly changing at the Consumer Financial Protection Bureau. President Joe Biden made Dave Uejio acting director of the CFPB on January 20, and nominated former FTC Commissioner Rohit Chopra for...more
4/28/2021
/ Congressional Review Act ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
ECOA ,
Equal Opportunities ,
Fair Lending ,
Gender Identity ,
Installment Agreements ,
Joe Biden ,
Lenders ,
Sexual Orientation ,
Unfair or Deceptive Trade Practices
As expected, the change in presidential administrations is leading to a change in administrative policies. All consumer financial service providers who are subject to the jurisdiction of the Consumer Financial Protection...more
On October 30, 2020, the Consumer Financial Protection Bureau (CFPB) issued a final rule (the Rule) amending Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA). The Rule modernizes requirements...more
11/17/2020
/ Cease and Desist ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Debt Collectors ,
Default ,
Dodd-Frank ,
Email ,
FDCPA ,
Federal Register ,
Safe Harbors ,
Social Media ,
Student Loans ,
Text Messages ,
UDAAP