Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory...more
The CFPB issued market-monitoring orders under the Dodd-Frank Wall Street Reform and Consumer Protection Act to five companies offering “buy now, pay later” credit requiring them to provide information for its examination of...more
In response to the COVID-19 pandemic, creditors across the country are working to balance their business operations and servicing immediate consumer financial needs with public safety. Some creditors have begun offering...more
On March 25, 2020, Fannie Mae and Freddie Mac announced a new payment deferral loss mitigation option. The Fannie Mae announcement is in Lender Letter 2020-05, and the Freddie Mac announcement is in Bulletin 2020-6 and a...more