Go-To Guide:
- CFPB proposes rule requiring nonbanks to “register” with the CFPB if they include certain terms and conditions in their form contracts, including in their website terms of use
CFPB to Examine Nonbank Financial Companies – Including Fintechs – that Pose Risk to Consumers
As nonbanks comprise an ever-greater share of the consumer-finance market, on April 25, 2022, the Consumer Financial Protection Bureau (CFPB, or the Bureau) announced it would invoke its “unused” legal
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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
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Update: CFPB Finalizes Pandemic Mortgage Servicing Rules
On June 28, 2021, the Consumer Financial Protection Bureau (CFPB, or the Bureau) issued its Final Rule amending RESPA Regulation X to provide significant foreclosure protections to borrowers.
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CFPB Intensifies Focus on Pandemic Mortgage Servicing
Over the last week, the Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) has sharpened its focus on the mortgage servicing industry. Knowing that millions of mortgage borrowers will exit
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California’s Adoption of ‘Mini-CFPB’ Will Transform Consumer Financial Services Regulation in the State
On Sept. 25, 2020, California Gov. Gavin Newsom signed into law the California Consumer Financial Protection Law (CCFPL), which was passed by the California Legislature Aug. 31, 2020. The
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Interagency Guidance for Financial Institutions on Coronavirus Disease-Related Loan Modifications
On Sunday night, March 22, 2020, the federal banking agencies (OCC, FDIC, NCUA, Federal Reserve), the Consumer Financial Protection Bureau and the State Conference of Bank Supervisors issued an Interagency
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Richard Cordray Resigns — Who’s going to mind the CFPB store?
With the announcement of Richard Cordray’s resignation as Director of the federal Consumer Financial Protection Bureau (CFPB) by the end of November 2017, the latest D.C. guessing game is who
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Early Signs on Fintech from the Consumer Financial Protection Bureau
There is no doubt that the regulation of financial technology (fintech) companies is on the rise. Fintech companies broadly mean companies that provide products, services and technology where traditional banking
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CFPB Observer: Recent Developments from July 7-10, 2015
CFPB Issues Report on Servicers Servicing Servicemembers’ Student Loans
On July 7, the CFPB released a report covering student loan servicing complaints received by the CFPB from servicemembers. The report,
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