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Jul 9, 2024 | 
jdsupra.com | Justin Hosie |Eric Johnson
July 9, 2024 To embed, copy and paste the code into your website or blog: July 17th, 2024 12:30 PM ET Please join Eric Johnson and Justin Hosie as they recap recent CFPB actions and enforcements, including negative equity findings from the Auto Finance Data Pilot; compliance dates for the Small Business Lending Rule; the annual Fair Lending Report to Congress; the Summer Supervisory Highlights; and various enforcement actions involving alleged fraudulent transfers, repeat offenders submitting...
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May 2, 2024 | 
jdsupra.com | Laura Bacon |Justin Hosie |Eric Johnson
In this month's article, we share some of our top "bites" covered during the April 2024 webinar. Bite 12: Director Chopra's White House Remarks on Data ProtectionOn April 2, 2024, Director Chopra delivered remarks at an event organized by the White House Office of Science and Technology Policy. There he discussed how the CFPB's Fair Credit Reporting Act (FCRA) enforcement can protect national security.
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Apr 1, 2024 | 
jdsupra.com | Laura Bacon |Justin Hosie |Eric Johnson
In this month's article, we share some of our top "bites" covered during the March 2024 webinar. Bite 10: CFPB Issues Statement on Privacy and Personal DataOn February 28, 2024, the CFPB issued a statement on privacy and personal data, responding to an executive order President Biden issued the same day.
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Mar 1, 2024 | 
jdsupra.com | Laura Bacon |Justin Hosie |Eric Johnson
In this month's article, we share some of our top "bites" covered during the February 2024 webinar. Bite 10: News Organization Sends FOI Request to CFPBOn February 19, 2024, an online newspaper sent a Freedom of Information Act (FOIA) request to the CFPB, asking for details about recipients of funds from the CFPB's Civil Penalty Fund. When the CFPB collects funds as penalties for enforcement actions, it uses the money to compensate the victims of those alleged violations.
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Jan 31, 2024 | 
jdsupra.com | Laura Bacon |Justin Hosie |Eric Johnson
In this article, we share a timeline of our monthly "bites" for 2023 applicable to payments, along with some additional related information. Bite 11: CFPB Report Highlights Military Community Concerns With Digital Payment ApplicationsOn June 20, 2023, the CFPB issued its Office of Servicemember Affairs Annual Report. The Annual Report analyzes complaint data received from servicemembers, veterans and their families during 2022.
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Jan 30, 2024 | 
jdsupra.com | Laura Bacon |Justin Hosie |Eric Johnson
In this article, we share a list of the top 10 biggest fines and penalties from our monthly bites for 2023. Bite 10: CFPB Orders Installment Lender to Pay $20 MillionOn May 31, 2023, the CFPB ordered an installment lender to pay $20 million for alleged deceptive sales practices.
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Jan 29, 2024 | 
jdsupra.com | Laura Bacon |Justin Hosie |Eric Johnson
In this article, we share a timeline of our monthly "bites" for 2023 applicable to the small dollar lending, lease-to-own, and alternative financial services industries. The Consumer Financial Protection Bureau (CFPB) and its director, Rohit Chopra, continued to propose guidance and rulemaking, initiated enforcement actions and lawsuits, and imposed penalties, as industry awaits a final ruling from the Supreme Court about the agency's future.
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Jan 26, 2024 | 
jdsupra.com | Laura Bacon |Justin Hosie |Eric Johnson
In this article, we share a timeline of our monthly "bites" for 2023 applicable to student lending along with some information related to financial products and services offered to students. Bite 11: Report on College Sponsored Financial ProductsOn December 19, 2023, the CFPB published its fourteenth Annual Report on College Banking and Credit Card Agreements. This Annual Report is issued pursuant to the 2009 Credit Card Accountability Responsibility and Disclosure (CARD) Act.
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Jan 24, 2024 | 
jdsupra.com | Laura Bacon |Justin Hosie |Eric Johnson
In this article, we share a timeline of our monthly "bites" for 2023 applicable to mortgage along with some additional related information. Bite 18: Advisory Opinion on Mortgage Comparison-Shopping PlatformsOn February 13, 2023, the CFPB published in the Federal Register an advisory opinion on Digital Mortgage Comparison-Shopping Platforms and related payments to operators which discussed the application of RESPA Section 8 to such arrangements.
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Jan 23, 2024 | 
jdsupra.com | Laura Bacon |Justin Hosie |Eric Johnson
In this article, we share a timeline of our monthly "bites" for 2023 applicable to consumers protected by nondiscrimination and military protection laws. Bite 15: Director Chopra Delivered Remarks at DOJ EventOn April 19, 2023, Director Chopra spoke at a Justice Department Interagency event in Newark, NJ to highlight efforts to combat modern-day redlining.
