Apr 19, 2021 | Federal Regulation, News
CFPB Proposes 60-Day Delay of Final Debt Collection Rules Earlier this month, the Consumer Financial Protection Bureau (CFPB) proposed delaying the effective date of two debt collection rules issued under the Fair Debt Collection Practices Act (FDCPA). The rules are...
Apr 12, 2021 | Banks & Credit Unions, Federal Regulation, News
FDIC Launches Campaign Aimed at Persuading Unbanked to Get Accounts The Federal Deposit Insurance Corporation (FDIC) recently launched a public awareness campaign highlighting the benefits of opening a bank account. The goal of the pilot campaign is to support...
Apr 9, 2021 | Federal Regulation, News
CFPB Rescinds Seven Policy Statements Issued Last Year Last week, the Consumer Financial Protection Bureau (CFPB) announced its rescinding of seven policy statements issued in 2020 that provided temporary flexibility to financial institutions in markets such as...
Apr 2, 2021 | Congressional Legislation, Federal Regulation, News
Congressional Democrats Introduce Resolution Undoing OCC’s True Lender Rule Last week, U.S. Senators Chris Van Hollen (D-Md.), Sherrod Brown (D-Ohio), and Representative Chuy Garcia (D-Ill.) introduced a resolution aimed at undoing the Office of the Comptroller of the...
Mar 31, 2021 | Federal Regulation, News
CFPB Issues 2020 Annual Complaint Report Last week, the Consumer Financial Protection Bureau (CFPB) issued its Consumer Response Annual Report for 2020 to provide insight on issues consumers reported to the Bureau throughout the year. The Bureau saw the pandemic’s...
Mar 17, 2021 | Federal Regulation, News
CFPB Rescinds Policy Statement Regarding Prohibition on Abusive Acts or Practices Last week, the Consumer Financial Protection Bureau (CFPB) rescinded its “Statement of Policy Regarding Prohibition on Abusive Acts or Practices,” originally issued in January 2020. The...
