The Consumer Financial Protection Bureau made news this year when it announced that it considered discrimination to be illegal as an "unfair" practice, including in situations where fair lending laws do not apply. In March,...more
If you thought that a finance company's obligation to automatically credit a consumer's account for prorated fees for GAP or any other voluntary protection product depended on the product's contract or even the applicable...more
Every creditor with subprime customers has experienced—on one occasion or another, we expect—someone judging it unfavorably for allegedly taking advantage of consumers by charging higher interest rates. That "tsk-tsk"...more
Part Three: Risk Reward Will Always be Part of the Subprime Future -
We resume our conversation where we left off on Part Two with a question citing the Taskforce report with recommendations for improved financial...more
Just a little over a year ago, I was sworn in as a member of the newly created Taskforce on Federal Consumer Financial Law, along with my four fellow taskforce members. The taskforce was the brainchild of Consumer Financial...more
This article is the second of an exclusive three-part series interview with Jean Noonan, member of the CFPB Taskforce on Federal Consumer Law. Part One can be found in the March issue of Texas Dealer.
We resume our...more
This article is the first of an exclusive three-part series interview with Jean Noonan, member of the CFPB Taskforce on Federal Consumer Law.
In January 2020, the Consumer Financial Protection Bureau (CFPB) appointed a...more
[co-author: John L. Ropiequet]
The fair lending cases filed by Miami against large mortgage lenders in 2013, in which the city sought to recover lost property tax revenues and increased municipal expenses allegedly caused...more
6/3/2020
/ Amended Complaints ,
Banks ,
Consumer Financial Products ,
Department of Justice (DOJ) ,
Fair Housing Act (FHA) ,
Fair Lending ,
Financial Services Industry ,
HUD ,
Miami ,
Mortgage Lenders ,
Mortgages ,
National Origin Discrimination ,
Race Discrimination ,
Settlement Agreements ,
Wells Fargo