Thomas Kearney

Akerman LLP

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Latest Posts › Financial Stimulus

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CFPB Encourages Financial Institutions And Debt Collectors To Permit Stimulus Payments To Reach Consumers

The Consumer Financial Protection Bureau this week urged financial institutions and debt collectors to allow federal stimulus payments to reach consumers. Although the CFPB did not issue any new requirements or specific...more

3/19/2021 / American Rescue Plan Act of 2021 , Biden Administration , Consumer Financial Protection Bureau (CFPB) , Coronavirus/COVID-19 , Debt Collectors , Financial Institutions , Financial Stimulus , Infectious Diseases , Relief Measures

CFPB Excludes Pandemic Relief Payments from Regulation E's Compulsory Use Prohibition

On April 13, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule regarding the application of Regulation E and the Electronic Fund Transfer Act (EFTA)'s compulsory use prohibition to CARES Act and...more

4/16/2020 / CARES Act , Consumer Financial Protection Bureau (CFPB) , Coronavirus/COVID-19 , EFTA , Financial Stimulus , Regulation E , Relief Measures

Summary of Key Consumer Finance Provisions in the CARES Act

On March 27, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), legislation intended to help Americans and businesses survive the ongoing public health and economic crisis due to...more

3/30/2020 / CARES Act , Coronavirus/COVID-19 , Credit Reports , Financial Services Industry , Financial Stimulus , Forbearance Agreements , Foreclosure , Moratorium , Relief Measures

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