Nov 4, 2019 | Federal Regulation, News
Last week, the Consumer Financial Protection Bureau (CFPB) announced new dollar thresholds for Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2020. These thresholds...
Oct 29, 2019 | Federal Regulation, News
State Attorneys General (AGs) from 28 states sent a letter to the Consumer Financial Protection Bureau (CFPB) asking the federal regulator to prohibit debt collectors from using social media to contact consumers about an outstanding debt. Announced earlier this year,...
Oct 22, 2019 | Federal Regulation, Litigation, News
The Office of the Comptroller of the Currency (OCC) announced today that it will appeal a district judge’s ruling that the federal regulator cannot issue a special-purpose fintech charter to a nonbank entity that is ineligible for federal deposit insurance. “The...
Oct 21, 2019 | Federal Regulation, News
The Consumer Financial Protection Bureau (CFPB) under the leadership of Kathy Kraninger has found a middle-ground in policing the financial services sector, initiating more enforcement actions than her predecessor Mick Mulvaney but less than Obama-appointed Richard...
Oct 18, 2019 | Federal Regulation, News
Over the past year, there has been a quiet battle brewing between the Department of Education and the Consumer Financial Protection Bureau (CFPB) over the student loan industry. Kathy Kraninger, Director of the CFPB, sent a letter to Senator Elizabeth Warren stating...
Oct 17, 2019 | Federal Regulation, News
Last week, the Consumer Financial Protection Bureau (CFPB) announced a new taskforce that will review federal consumer financial laws with the ultimate responsibility of proposing ways to harmonize and update those laws. “An objective and independent evaluation of...
