The CFPB has issued its semi-annual report to Congress. The Report, which covers April through September of 2019, is mandated by Dodd-Frank and was released in conjunction with Director Kraninger’s testimony to the House...more
2/10/2020
/ Annual Reports ,
Consumer Complaint System ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Reporting Agencies ,
Credit Scores ,
Debt Collection ,
Debt Collectors ,
Dodd-Frank ,
Financial Services Committee ,
Financial Services Industry ,
Proposed Rules ,
Rulemaking Process
The CFPB has issued its Semi-Annual Report to Congress for the time period beginning April 1, 2018 and ending September 30, 2018. The Report is the first issued by newly confirmed Director Kathy Kraninger and outlines the...more
3/1/2019
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Consumer Complaint System ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Reporting Agencies ,
Credit Reports ,
Debt Collection ,
Debt Collectors ,
FDCPA ,
Information Reports ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
Payday Lending Rule ,
Rulemaking Process ,
SBREFA
The Seventh Circuit recently joined the Fourth and Ninth Circuits in holding that a debt collection discharges its obligation as to debt validation by verifying that its letters accurately conveyed the information received...more
The CFPB recently issued its second Quarterly Consumer Credit Trends Report which examines the impact of changes to credit reporting regarding the reporting of civil public records. ...more
The CFPB’s most recent monthly report on consumer complaints spotlights student loans. The report is a high level snapshot of trends in consumer complaints. The Report provides a summary of the volume of complaints by product...more
The CFPB confirmed credit reporting remains a high priority for the agency by issuing a special Supervisory Highlights devoted to credit reporting earlier this month. The report was generally complimentary of the strides...more
Marketing practices remain at the forefront of CFPB activity as evidenced by two recent consent orders entered into with TransUnion and Equifax. The consent orders combine to require the CRAs to pay more than $17.6 million...more
1/17/2017
/ Advertising ,
Civil Monetary Penalty ,
Compliance Management Systems ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Reporting Agencies ,
Disclosure Requirements ,
Equifax ,
Failure To Disclose ,
Informed Consent ,
Marketing ,
Restitution ,
TransUnion ,
UDAAP
The CFPB recently issued its monthly report of consumer complaints and turned its focus back to debt collection. The Report is a high level snapshot of trends in consumer complaints and provides a summary of the volume of...more