In this month's article, we share some of our top "bites" for the prior month covered during the June 2023 webinar.
Bite 12: CFPB Focusing on Overdraft Issues -
On May 18, 2023, the CFPB announced that it had issued a...more
6/26/2023
/ Automation Systems ,
Banking Sector ,
Bots ,
Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Data Brokers ,
Discovery ,
FDIC ,
Financial Institutions ,
Mobile Apps ,
Mortgage Servicers ,
Mortgages ,
Open Banking ,
Overdraft Fees ,
Property Valuation ,
Residential Real Estate Market ,
Sanctions ,
Valuation
In this month's article, we share some of our top "bites" for the prior month covered during the May 2023 webinar....more
5/22/2023
/ Bank Accounts ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Repair Services ,
Debt-Relief Industry ,
Enforcement Actions ,
Financial Services Industry ,
Libor ,
Mortgage Servicers ,
New Guidance ,
Property Tax ,
Proposed Rules ,
Regulation Z ,
Restitution ,
Truth in Lending Act (TILA)
In this month's article, we share some of our top "bites" for the prior month covered during the April 2023 webinar....more
4/24/2023
/ Abusive Acts ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Repair Services ,
Credit Reporting Agencies ,
Data Brokers ,
Debt Collection ,
Debt-Relief Industry ,
Enforcement Actions ,
Financial Services Industry ,
For Profit Education ,
Mortgage Loan Originators ,
Mortgages ,
Settlement ,
Small Business Loans ,
Student Loans ,
Telemarketing Sales Rule
In this month's article, we share some of our top "bites" for the prior month covered during the March 2023 webinar....more
3/27/2023
/ Administrative Procedure ,
Appraisal ,
Automotive Loans ,
Background Checks ,
Buy Now Pay Later (BNPL) ,
Civil Monetary Penalty ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Credit Reports ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Military Service Members ,
Mortgage Lenders ,
Mortgages ,
Race Discrimination
We thank you for joining us over the past three years and are pleased to resume our CFPB Bites of the Month series in 2023!
Consumer financial services concerns continue to be front and center in the daily news cycles....more
The Consumer Financial Protection Bureau recently proposed a rule that would establish a public registry of supervised nonbanks' terms and conditions in "take it or leave it" form contracts that claim to waive or limit...more
In this month's article, we share some of our top "bites" for the prior month covered during the February webinar....more
2/17/2023
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Credit Cards ,
Credit Reports ,
Credit Scores ,
Debt Collection ,
Fees ,
Financial Services Industry ,
Funding ,
Mortgage Servicers ,
New Guidance ,
Online Platforms ,
Overdraft Fees ,
RESPA
In this article, we share a timeline of our monthly "bites" for 2022 applicable to consumers protected by nondiscrimination and military protection laws. The CFPB has historically been particularly active with respect to...more
2/3/2023
/ Algorithms ,
Americans with Disabilities Act (ADA) ,
Appraisal ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Department of Justice (DOJ) ,
Discriminatory Lending Practices ,
Enforcement Actions ,
Fair Lending ,
FHFA ,
Financial Institutions ,
Foreign Language ,
Lenders ,
Military Service Members ,
Mortgage Lenders ,
UDAAP ,
Veterans
In this article, we share a timeline of our monthly "bites" for 2022 applicable to the Fintech industry.
So, what happened in 2022?...more
In this month's article, we share some of our top "bites" for the prior month covered during the January 18, 2023, webinar.
Bite # 8: The CFPB Publishes Civil Penalty Inflation Adjustments Rule in Federal Register -...more
1/24/2023
/ Advertising ,
Automotive Loans ,
Civil Monetary Penalty ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Debt Collection ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Fair Housing Act (FHA) ,
Financial Institutions ,
Financial Services Industry ,
Housing Discrimination ,
Inflation Adjustments ,
International Remittance Transfers ,
Prepaid Payment Products ,
Standard Form Contracts ,
Terms and Conditions
In this article, we share a list of the biggest fines and penalties from our monthly "bites" for 2022.
So, what happened in 2022?...more
In this article, we share a timeline of our monthly "bites" for 2022 applicable to small-dollar lending.
So, what happened in 2022?...more
1/20/2023
/ Algorithms ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Reports ,
ECOA ,
Enforcement Actions ,
Enforcement Priorities ,
Fair Lending ,
Financial Services Industry ,
Payday Loans ,
Small Dollar Lenders ,
UDAAP
In this article, we share a timeline of our monthly "bites" for 2022 applicable to the credit card industry. As evidenced by the timeline, federal regulators (primarily the CFPB) are beginning to renew their focus on credit...more
1/19/2023
/ CARD Act ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Credit Cards ,
Dodd-Frank ,
ECOA ,
Excessive Fees ,
Fair Credit Reporting Act (FCRA) ,
Fees ,
Financial Services Industry ,
UDAAP ,
Unconstitutional Condition
In this article, we share a timeline of our monthly "bites" for 2022 applicable to the credit reporting industry. Credit reporting remains a high priority for the CFPB, as credit reporting impacts consumers in a number of...more
In this article, we share a timeline of our monthly "bites" for 2022 applicable to the Mortgage industry.
So, what happened in 2022?...more
1/13/2023
/ Affordable Housing ,
Annual Reports ,
Appraisal ,
Bias ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
ECOA ,
Enforcement Actions ,
Fair Housing Act (FHA) ,
Federal Funding ,
Financial Institutions ,
HELOC ,
HMDA ,
Homeowners ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
Property Valuation ,
Refinancing ,
Relief Measures
In this article, we share a timeline of our monthly "bites" for 2022 applicable to the auto finance industry.
So, what happened in 2022?...more
1/11/2023
/ Automotive Industry ,
Automotive Loans ,
Consent Order ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Data Security ,
ECOA ,
Enforcement Actions ,
Nonbank Firms ,
Repossess ,
Rulemaking Process ,
Supervision ,
UDAAP
In this month's Top 10 article, we share some of our top "bites" for the prior month covered during the December 21, 2022, webinar.
So, what happened last month?...more
1/4/2023
/ CARES Act ,
Consent Order ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Enforcement Actions ,
Financial Services Industry ,
HMDA ,
Truth in Lending Act (TILA) ,
Unfair or Deceptive Trade Practices
In this month's Top 10 article, we share some of our top "bites" for the prior month covered during the November 16, 2022 webinar.
So, what happened last month?
Extra Bite: CFPB Releases Report on Tenant Background...more
12/5/2022
/ Background Checks ,
Banks ,
Big Tech ,
Constitutional Challenges ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptoassets ,
Financial Services Industry ,
Non-Bank Lenders ,
Payment Systems ,
Rulemaking Process
In this month's Top 10 article, we share some of our top "bites" for the prior month covered during the October 19, 2022, webinar. So, what happened last month? Extra Bite: CFPB Releases Special Edition of Supervisory...more
In this month's Top 10 article, we share some of our top "bites" for the prior month covered during the September 21, 2022 webinar.
So, what happened last month?
Extra Bite: CFPB comments on loan cancellation...more
In this month's Top 10 article, we share some of our top "bites" for the prior month covered during the August 17, 2022 webinar. So, what happened last month? Bite #10 - Extra Bite: Global payments company plans to appeal...more
In this month's Top 10 article, we share some of our top "bites" for the prior month covered during the July 20 webinar. So, what happened at the CFPB in the past month? Bite #10 - The CFPB expressed concerns about credit...more
In this month's Top 10 article, we share some of our top "bites" for the prior month covered during the June 15 webinar. So, what happened at the CFPB in the past month? Bite #10 - The CFPB bolstered state enforcement...more
We thank you for reading our Top 10 and listening to our CFPB Bites of the Month webinars over the past two years. In this month's article, we share some of our top "bites" for the prior month covered during the April 20...more
The Consumer Financial Protection Bureau recently announced that discrimination—whether intentional or unintentional but produces a discriminatory outcome—is an unfair, deceptive, or abusive act or practice ("UDAAP") under...more