In this month's article, we share some of our top "bites" for the prior and current month covered during the July 2024 webinar....more
7/30/2024
/ Compliance ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Dodd-Frank ,
ECOA ,
Enforcement Actions ,
Fair Lending ,
Financial Services Industry ,
HMDA ,
Information Reports ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgage Servicing Rules ,
Mortgages ,
Proposed Rules ,
Redlining ,
Regulatory Agenda ,
RESPA ,
Reverse Mortgages ,
Small Business
In this month's article, we share some of our top "bites" covered during the June 2024 webinar....more
7/12/2024
/ Buy Now Pay Later (BNPL) ,
Compliance ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Credit Reports ,
Debt-Relief Industry ,
Enforcement Actions ,
Federal Funding ,
Financial Services Industry ,
Late Fees ,
Loan Servicer ,
Medical Bills ,
Military Lending Act ,
Misrepresentation ,
Open Banking ,
Peer-to-Peer ,
Pending Legislation ,
SCOTUS ,
Student Loans ,
Telemarketing ,
UDAAP ,
Unfair or Deceptive Trade Practices
The Consumer Financial Protection Bureau's (CFPB) eyes are on the gaming industry and the potential harm consumers may suffer from data security and privacy concerns....more
7/11/2024
/ Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
COPPA ,
Data Privacy ,
Data Protection ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Gaming ,
Online Gaming ,
Regulatory Requirements ,
Security and Privacy Controls ,
State Privacy Laws ,
Video Games
Please join Eric Johnson and Justin Hosie as they recap recent CFPB actions and enforcements, including negative equity findings from the Auto Finance Data Pilot; compliance dates for the Small Business Lending Rule; the...more
7/9/2024
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Data Collection ,
Enforcement Actions ,
Fair Lending ,
Financial Services Industry ,
Fraudulent Transfers ,
Lenders ,
Mortgage Lenders ,
Reverse Mortgages ,
Small Business ,
Supervisory Highlights ,
Webinars
In this month's article, we share some of our top "bites" covered during the May 2024 webinar....more
5/24/2024
/ Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Credit Reports ,
Deposit Accounts ,
Enforcement Actions ,
Federal Reserve ,
Fees ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Health Savings Accounts ,
Medical Bills ,
Overdraft Fees ,
Popular ,
Regulation CC ,
Rewards Programs ,
Students
The line between virtual and reality is getting thinner. Gamers pay gaming companies real currency for virtual in-game currency to buy skins, create the world they want to live in (virtually), or purchase loot that aid in...more
5/9/2024
/ Banking Sector ,
Banks ,
Civil Investigation Demand ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
COPPA ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
FTC Act ,
Gaming ,
Information Reports ,
Money Transmitter ,
Online Gaming ,
Payment Processors ,
Regulatory Authority ,
Risk Assessment ,
State Attorneys General ,
Virtual Currency
In this month's article, we share some of our top "bites" covered during the February 2024 webinar....more
3/1/2024
/ Appraisal ,
Bias ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Debt Relief ,
Debt-Relief Industry ,
Enforcement Actions ,
Enforcement Statistics ,
Federal Trade Commission (FTC) ,
Fees ,
FFIEC ,
Financial Services Industry ,
FinTech ,
FOIA ,
Future Wages ,
Unpaid Wages
In this article, we share a timeline of our monthly "bites" for 2023 applicable to debt collection. If debt collection in 2023 had a theme it would be medical debt....more
2/1/2024
/ Consumer Financial Protection Bureau (CFPB) ,
Credit Reports ,
Debt Collection ,
Debt Collectors ,
Enforcement ,
Enforcement Actions ,
FDCPA ,
Financial Services Industry ,
Loan Servicing ,
Medical Debt ,
Mortgages ,
Payday Loans ,
Rulemaking Process ,
Student Loans ,
UDAAP
In this article, we share a timeline of our monthly "bites" for 2023 applicable to payments, along with some additional related information....more
1/31/2024
/ Amicus Briefs ,
Buy Now Pay Later (BNPL) ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Digital Wallets ,
Enforcement Actions ,
Financial Services Industry ,
FinTech ,
Military Service Members ,
Mobile Payments ,
Money Transfer ,
OCC ,
Payment Systems ,
Prepaid Payment Products ,
Proposed Rules ,
Unemployment Benefits
In this article, we share a list of the top 10 biggest fines and penalties from our monthly bites for 2023....more
In this article, we share a timeline of our monthly "bites" for 2023 applicable to the small dollar lending, lease-to-own, and alternative financial services industries. ...more
1/29/2024
/ Automatic Renewals ,
Buy Now Pay Later (BNPL) ,
Civil Monetary Penalty ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Department of Financial Protection and Innovation (DFPI) ,
Enforcement Actions ,
Fees ,
Financial Services Industry ,
Settlement ,
Standard Form Contracts ,
Terms and Conditions ,
Wage Advances ,
Wages
In this article, we share a timeline of our monthly "bites" for 2023 applicable to student lending along with some information related to financial products and services offered to students....more
1/26/2024
/ Annual Reports ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Debt Relief ,
Debt-Relief Industry ,
Enforcement Actions ,
Federal Student Loans ,
Fees ,
Payment Plans ,
Settlement ,
Standard Form Contracts ,
Student Loans ,
Terms and Conditions ,
Tuition
In this article, we share a timeline of our monthly "bites" for 2023 applicable to mortgage along with some additional related information. ...more
1/24/2024
/ Appraisal ,
Civil Monetary Penalty ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Discriminatory Lending Practices ,
ECOA ,
Enforcement Actions ,
Fees ,
Financial Services Industry ,
Kickbacks ,
Libor ,
Military Service Members ,
Mortgage Lenders ,
Mortgages ,
Redlining
In this month's article, we share some of our top "bites" for the prior and current month covered during the January 2024 webinar....more
1/19/2024
/ Colleges ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Reporting Agencies ,
Credit Reports ,
Debt Collection ,
Enforcement Actions ,
Excessive Fees ,
FDIC ,
Fees ,
Financial Institutions ,
Financial Services Industry ,
HMDA ,
Loan Servicing ,
Logos ,
Mortgage Lenders ,
Mortgages ,
Nonbank Firms ,
Overdraft Fees ,
Proposed Rules ,
Relief Measures ,
Student Loans ,
Veterans
In this month's article, we share some of our top "bites" for the prior month covered during the December 2023 webinar....more
1/10/2024
/ Automotive Loans ,
Banks ,
Car Dealerships ,
Civil Monetary Penalty ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Debt Collection ,
Department of Financial Protection and Innovation (DFPI) ,
Enforcement Actions ,
FDCPA ,
Information Reports ,
Lenders ,
Misrepresentation ,
Motor Vehicles ,
OCC ,
Regulation Z ,
Truth in Lending Act (TILA) ,
Wages
In this month's article, we share some of our top "bites" for the prior month covered during the October 2023 webinar.
Bite 10: New Report on NSF Fees at Banks and Credit Unions On October 11, 2023, the CFPB issued a data...more
10/23/2023
/ Anti-Discrimination Policies ,
Banking Sector ,
Banks ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Repair Services ,
Credit Unions ,
DACA ,
Department of Justice (DOJ) ,
ECOA ,
Enforcement Actions ,
Fees ,
Immigrants ,
Medical Bills ,
New Guidance ,
Overdraft Fees ,
Popular ,
Rulemaking Process ,
Supervisory Highlights ,
Surprise Medical Bills
In this month's article, we share some of our top "bites" for the prior month covered during the September 2023 webinar.
Bite 1: Update on Federal Student Loan Borrowers -
On September 5, 2023, the CFPB reminded...more
9/25/2023
/ Artificial Intelligence ,
Banking Crisis ,
Big Tech ,
Churning ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Repair Services ,
Creditors ,
Enforcement Actions ,
FDIC ,
Financial Services Industry ,
FinTech ,
Kickbacks ,
Leases ,
Mobile Apps ,
Mobile Payments ,
Payment Systems ,
Proposed Rules ,
Regulatory Agenda ,
Student Loans ,
Tuition
In this month's article, we share some of our top "bites" for the prior month covered during the July 2023 webinar.
Bite 10: Public Inquiry Launched into Credit Card and Loan Products for Healthcare Costs -
On July 7,...more
7/24/2023
/ Amicus Briefs ,
Annual Reports ,
Banks ,
Constitutional Challenges ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Enforcement Actions ,
Excessive Fees ,
Fair Lending ,
False Advertising ,
Federal Reserve ,
Financial Services Industry ,
For Profit Education ,
Loans ,
Medical Bills ,
Medical Debt ,
Mortgage Lenders ,
Mortgages ,
OCC ,
Overdraft Fees ,
Predatory Lending ,
Race Discrimination ,
Student Loans ,
Telemarketing Sales Rule ,
Truth in Lending Act (TILA) ,
Unauthorized Transactions
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
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