On October 12, the Consumer Financial Protection Bureau (CFPB) and Department of Justice (DOJ) issued a joint statement emphasizing the risk associated with considering an applicant’s immigration status when making credit...more
Last November, Bradley’s Financial Services Perspectives team predicted that the Consumer Financial Protection Bureau’s (CFPB) then upcoming Notice of Proposed Rulemaking (NPRM) for the Does the New Debt Collection Rule Apply...more
6/14/2019
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Creditors ,
Debt Collection ,
Debt Collectors ,
Dodd-Frank ,
Enforcement ,
Enforcement Authority ,
FDCPA ,
NPRM ,
Proposed Rules ,
UDAAP
On Friday, the Consumer Financial Protection Bureau (CFPB) published a request for information about the credit card market. The CFPB uses responses to those requests, in conjunction with other data and research, to publish...more
3/14/2017
/ Banking Sector ,
CARD Act ,
Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Creditors ,
Debt Collection ,
Deferred Interest Products ,
Financial Services Industry ,
Innovation ,
Online Marketplace Lending ,
Request For Information ,
Rewards Programs ,
UDAAP
Debt collectors filing suit often assume that the forum state’s statute of limitations will apply. However, a string of recent cases suggests that may not always be the case. The Ohio Supreme Court recently determined that,...more
11/8/2016
/ Affirmative Defenses ,
Borrowers ,
Borrowing Statutes ,
Cause of Action Accrual ,
Corporate Counsel ,
Creditors ,
Debt Collectors ,
Default Judgment ,
Dismissals ,
FDCPA ,
Forum State ,
OH Supreme Court ,
Statute of Limitations ,
Summary Judgment ,
Vacated
The Consumer Financial Protection Bureau (CFPB) announced a consent order with Navy Federal Credit Union (Navy Federal) on October 11, 2016. While financial institutions should always analyze CFPB consent orders closely and...more
10/18/2016
/ Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Unions ,
Creditors ,
Debt Collection ,
Debtors ,
Electronic Account Restrictions ,
Enforcement Actions ,
FDCPA ,
Financial Institutions ,
U.S. Navy ,
UDAAP