CFPB issues advisory opinion on pay-to-pay, convenience fees
As part of its ongoing efforts to address so-called “junk fees,” the CFPB today issued an advisory opinion stating that ...
Tag: UDAAP
ABA, trade groups: CFPB exceeds authority with exam manual update
CFPB's change is "contrary to law and subject to legal challenge" as well as potential congressional action, the groups said.
GOP lawmakers: CFPB must undo changes to UDAAP enforcement, adjudications
House Republican lawmakers this week slammed recent changes made by the CFPB to its supervision examination manual for unfair or ...
CFPB to examine nonbanks for consumer risks
The Consumer Financial Protection Bureau today said it would invoke a “largely unused” authority under the Dodd-Frank Act to directly ...
CFPB to Increase Fair Lending, UDAAP Supervision
The CFPB today signaled its intention to ramp up supervision activity around fair lending laws and unfair, deceptive and abusive ...
CFPB Issues Compliance Bulletin on Auto Repossessions
In a compliance bulletin issued today, the CFPB signaled that it will hold auto loan holders and servicers “accountable for ...
Compliance Priorities for 2022
Ensuring your compliance team is ready for what is ahead begins with confronting a set of challenges in these key ...
Mortgage Servicers Face Forbearance-Exit Tsunami and Aggressive Regulators
“We think the new administration will be aggressive and, quite frankly, willing to press the boundaries, since they can’t really ...
Chopra Addresses ‘Abusive’ Standard, Enforcement, 1033 Rulemaking in First Hill Appearance
In his first appearance before the House Financial Services Committee today, CFPB Director Rohit Chopra told lawmakers that although he ...
2021 Compliance Priorities, Updated
A quarter into the year, a quick check on how key areas are changing, with some important suggestions.
