The Federal Trade Commission (FTC) issued a final rulemaking on Sept. 8, 2021, clarifying that five Fair Credit Reporting Act (FCRA) rules for which it retains rulemaking authority will apply only to motor vehicle dealers....more
9/22/2021
/ Car Dealerships ,
CFPB Bulletins ,
Consumer Financial Products ,
Credit Reports ,
Dodd-Frank ,
Fair Credit Reporting Act (FCRA) ,
Federal Trade Commission (FTC) ,
Final Rules ,
Financial Services Industry ,
Regulatory Authority ,
Rulemaking Process
With the ongoing COVID-19 pandemic, credit card companies may face increased scrutiny, as Consumer Financial Protection Bureau (CFPB) Acting Director Dave Uejio recently stated that "credit reports play a huge role in...more
8/24/2021
/ Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Counterparties ,
Credit Cards ,
Credit Reporting Agencies ,
Credit Reports ,
Debt Buyers ,
Debt Collection ,
Due Diligence ,
ECOA ,
Enforcement Actions ,
FDCPA ,
Financial Services Industry ,
FTC Act ,
Government Investigations ,
Gramm-Leach-Blilely Act ,
Identity Theft ,
OCC ,
Risk Management ,
Settlement Negotiations