With pandemic-related rental protections set to expire over the coming months, the Consumer Financial Protection Bureau today issued a compliance bulletin and policy guidance regarding consumer reporting of rental information.
The Consumer Financial Protection Bureau today issued a “Supervisory Highlights” report focusing on recent examiner observations of several financial products. Among other things, examiners flagged issues related to consumer reporting, debt collection and payday lending.
. . . and other questions and answers from the March/April 2021 ABA Regulatory Policy and Compliance Inbox.
The Consumer Financial Protection Bureau’s Task Force on Federal Consumer Financial law today issued an…
COVID-19 forbearance programs—and the rules, regulations and requirements that govern them—present a host of new and unique compliance challenges for mortgage servicers.
The Consumer Financial Protection Bureau today released a study of the effects of so-called credit-builder loans on credit scores.
In a letter to House leadership today, the American Bankers Association expressed its opposition for H.R. 5332. Introduced by Rep. Josh Gottheimer (D-N.J.), the Protecting Your Credit Score Act of 2020 is scheduled to be considered this week.
Credit applications—as measured by the number of credit inquiries—fell significantly in March during the early days of the coronavirus pandemic in the U.S., according to a new report issued by the Consumer Financial Protection Bureau today.
…and other answers to your compliance questions in the May/June 2020 ABA Regulatory Policy and Compliance Inbox.
The House Financial Services Committee today unanimously approved two ABA-supported bills intended to address the decline in minority depository institutions and create opportunities for community development financial institutions.