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Sep 17, 2024 | 
jdsupra.com | Jasmine Banks |Obrea Poindexter |Sean Ruff
On September 5, 2024, the Consumer Financial Protection Bureau (CFPB) released its annual report on debt collection, drawing attention to a range of activities with respect to medical and rental debt collection that the CFPB describes as “aggressive” and “illegal.” The report underscores the CFPB’s continued focus on consumer debt collection practices – specifically those that relate to the collection of medical and rental debt, which the report labels as “consistent collections problems”...
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Aug 20, 2024 | 
jdsupra.com | Jasmine Banks |Joshua Kotin |Michelle Rogers
On August 13, 2024, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion stating that contracts for deed are “credit” under Regulation Z, and therefore subject to its myriad requirements. Unlike a traditional mortgage, a contract for deed is a home sale directly financed by the seller where the seller retains legal title of the home until the borrower completes the course of payments.
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Jun 4, 2024 | 
nonprofitquarterly.org | Isaiah Thompson |Verna Williams |Jasmine Banks |Alison Stine
Taken as a whole, the US nonprofit sector, comprising some 12 million Americans, is fairly diverse, slightly exceeding the diversity of the overall American workforce. But that diversity starts to diminish as one examines larger, wealthier nonprofits—and falls off noticeably when it comes to nonprofit leadership.
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May 31, 2024 | 
nonprofitquarterly.org | Jasmine Banks |Meredith Klenkel
“A lot of people living within the Global South are specifically affected by countries like the US who are the biggest polluters of our planet, and they are facing the negative consequences of our actions.” That’s according to Emiliano Juarez, a 2023–2024 New York Fellow with Our Climate, which centers and empowers young people to take on climate issues.
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May 16, 2024 | 
mainstreetmediatn.com | Ivan Aronin |Jasmine Banks
John Smith has opened his third Soul restaurant in Middle Tennessee in Murfreesboro. The colorful decor matches the flavors on the menu. Beyond the flavorful dishes and ambiance of the Soul restaurant in Murfreesboro lies the enigmatic figure of its owner, John Smith, whose third restaurant in Middle Tennessee is attracting diners in large numbers. John Smith said he wanted to give something back to the community through food. “I wanted to open Soul because I wanted something different.
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May 16, 2024 | 
nonprofitquarterly.org | Rebekah Barber |Verna Williams |Jasmine Banks |Alison Stine
Early in his career, James Wahls was interested in learning about how capital flowed into communities—especially communities of color. This interest sprung out of his own experience navigating being a Black social entrepreneur in Detroit. To combat the bias he saw within the philanthropic industry, Wahls intentionally sought to use his work experiences to better understand how to uplift communities of color.
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May 7, 2024 | 
jdsupra.com | Jasmine Banks |Joshua Kotin |Obrea Poindexter
On April 30, 2024, the Consumer Financial Protection Bureau (CFPB) published a report on a study investigating the effects of complex pricing structures and increased competition on consumer choices. The CFPB found that consumers were more likely to choose higher-priced products when pricing structures were complex, such as when consumers were shown various fees separately in connection with a transaction rather than being given an upfront, single all-inclusive price.
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Apr 24, 2024 | 
jdsupra.com | Jasmine Banks |Joshua Kotin |Michelle Rogers
On April 16, 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule revising its procedures for establishing supervisory authority over nonbank financial institutions on the basis that the institution poses a risk to consumers. In 2023, the CFPB initiated its first round of supervisory designation procedures under the old rules, and in February 2024 made public the order stemming from its first contested proceeding.
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Mar 8, 2024 | 
jdsupra.com | Jasmine Banks |Adam S. Fleisher
Last Friday, a federal court in Alabama ruled in National Small Business United v. Yellen that the beneficial ownership information (BOI) reporting requirements established by the Corporate Transparency Act (CTA) are unconstitutional. These CTA provisions, implemented through the BOI reporting rule promulgated by the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) in September 2022, just started taking effect on January 1, 2024.
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Feb 22, 2024 | 
mainstreetmediatn.com | Ivan Aronin |Jasmine Banks
By Ivan Aronin | on February 22, 2024 JASMINE BANKSMain Street MediaVolunteers and members of the three Rotary clubs in Murfreesboro build the walls for a new Habitat for Humanity home in Murfreesboro. JASMINE BANKSThe three Rotary clubs in Rutherford County came together to build the walls for a Habitat for Humanity home. On Feb.
