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
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