CFPB Flags Mortgage Servicing, Fair Lending Issue in Supervisory Highlights Report
The CFPB today issued a “Supervisory Highlights” report focusing on examiner observations of several financial products conducted between January and June of 2021.
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CFPB Issues Guidance to Assist with Regulation F Compliance
The CFPB has released several guidance documents on validation notices that are intended to facilitate compliance with requirements in the Regulation F debt collection final rules
CFPB Withdraws Extension for Debt Collection Final Rules
As expected, the CFPB has formally withdrawn a proposal that would extend the effective date of two final rules issued under the Fair Debt Collection Practices Act, which governs the activity of third-party debt collectors.
CFPB: No Extension for Effective Date of Debt Collection Final Rules
The Consumer Financial Protection Bureau today said it would not delay the effective date of two final rules issued under the Fair Debt Collection Practices Act, which governs the activity of third-party debt collectors.
CFPB Flags Consumer Reporting, Debt Collection, Payday Lending Issues in Supervisory Highlights
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.
Agencies Update Regulatory Agendas
Federal agencies on Friday announced updates to their rulemaking agendas. Items on the agendas and…
ABA Joins Coalition Amicus Brief in Support of Rehearing FDCPA Case
The American Bankers Association and a coalition of financial trade groups filed an amicus brief urging the 11th U.S. Circuit Court of Appeals to rehear Hunstein v. Preferred Collection.
ABA, Trade Groups Oppose Debt Collection Bill
The American Bankers Association and a group of financial trade associations expressed opposition today to the Non-Judicial Foreclosure Debt Collection Clarification Act (H.R. 2547), a bill that would reverse a Supreme Court decision clarifying that a business engaged in non-judicial foreclosure proceedings is not a debt collector.
CFPB Proposes Delay to Effective Date of Debt Collection Rules
The Consumer Financial Protection Bureau will propose to extend the effective date of its two recent debt collection rules from Nov. 30 to Jan. 29, 2022.
CFPB, FTC Issue Annual FDCPA Report
The Consumer Financial Protection Bureau and Federal Trade Commission released their annual debt collection report summarizing efforts by both agencies to enforce the Fair Debt Collection Practice Act and educate consumers about debt collection.