
Latest CFPB ‘Supervisory Highlights’ report cites unfair auto lending, medical collections, payday lending
The report covers examinations completed from July 2022 to March 2023.
The report covers examinations completed from July 2022 to March 2023.
The CFPB issued a “Supervisory Highlights” report focusing on recent examiner observations of several financial products.
As part of its ongoing efforts to address so-called “junk fees,” the CFPB today issued an advisory opinion stating that the Fair Debt Collection Practices Act prohibits debt collectors from charging “pay-to-pay” or convenience fees—which include fees imposed for making a payment online or by phone—unless those fees are expressly authorized by the agreement creating the debt or the amount of the fee is affirmatively permitted by law.
In a new blog post, the CFPB highlighted its resources available to help financial institutions serve their Spanish-speaking customers.
The CFPB issued a “Supervisory Highlights” report focusing on recent examiner observations of several financial products.
The CFPB today issued a “Supervisory Highlights” report focusing on examiner observations of several financial products conducted between January and June of 2021.
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
As expected, the CFPB has formally withdrawn a proposal that would extend the effective date of two final rules issued under the Fair Debt Collection Practices Act, which governs the activity of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.
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.
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.