On March 27, 2024, the CFPB issued a circular warning remittance transfer providers that false advertising about the cost or speed of sending remittance transfers may violate federal law, including
Continue Reading CFPB Warns Remittance Transfer Providers About Deceptive Advertising and Marketing PracticesConsumer Financial Protection Act (CFPA)
CFPB Warns Insufficient Data Security Measures May Violate Consumer Financial Protection Act
On Aug. 11, 2022, the U.S. Consumer Financial Protection Bureau issued guidance indicating that financial institutions and service providers that fail to adopt sufficient data security measures to protect consumer…
Continue Reading CFPB Warns Insufficient Data Security Measures May Violate Consumer Financial Protection Act
CFPB Expands Anti-Discrimination by Applying UDAAP to Credit and Non-credit Products
The Consumer Financial Protection Bureau has expanded its anti-discrimination oversight and enforcement of covered persons to all consumer finance products and services, regardless of whether they involve an extension of…
Continue Reading CFPB Expands Anti-Discrimination by Applying UDAAP to Credit and Non-credit Products