On March 22, 2020, the FRB, FDIC, NCUA, OCC, and CFPB issued an interagency statement providing information to institutions working with borrowers affected by Coronavirus/COVID-19. In general, the statement encouraged ...
As we reported late last year, the Supreme Court is getting ready to hear oral arguments in the Selia Law, LLC v CFPB case. Late last week, we saw a ...
Under the Fair Credit Reporting Act, a consumer reporting agency must, upon request by a consumer disclose to the consumer information in the consumer file. When the consumer is not ...
Last week, the CFPB published its Fall Rulemaking Agenda. This is the second agenda published under Director Kraninger’s leadership. The CFPB anticipates having the matters identified in its agenda under ...
This past week, the Consumer Financial Protection Bureau (“CFPB”) released five additional frequently asked questions (“FAQs”) related to TRID loans. The focus on these FAQs is providing loan estimates to ...
On May 31, 2019, the CFPB issued its first set of frequently asked questions (“FAQs”) related to applicability of the TILA-RESPA Integrated Disclosures (TRID) to construction loans. The FAQs generally ...
On March 12, 2019, the Consumer Financial Protection Bureau (“CFPB”) published the 18th edition of its Supervisory Highlights. The purpose of the Supervisory Highlights is to aid CFPB supervised entities ...
On September 12, 2018, the Bureau issued an Interim Final Rule (the “Rule”) updating two Fair Credit Reporting Act (“FCRA”) model disclosures. These amendments were made in response to the ...
On September 6, 2018, the Bureau of Consumer Financial Protection (CFPB) released its 17th edition of its Supervisory Highlights. This report outlines observations regarding auto loan servicing, credit card account ...
On August 31, 2018, the Consumer Financial Protection Bureau issued a Final Rule (the “Rule”) regarding the Home Mortgage Disclosure Act (“HMDA”) exemptions under Regulation C. The purpose of this ...