In a letter to the Ninth Circuit Court of Appeals, the Consumer Financial Protection Bureau (“CFPB”) addressed the Fifth Circuit Court of Appeals opinion dated October 19, 2022, in which ...
The California Privacy Protection Agency Board held a meeting over the weekend to review and consider the modified proposed California Consumer Privacy Act (CCPA) regulations, which were previously published on ...
The Consumer Financial Protection Bureau (CFPB) released guidance regarding junk fee practices that are unlikely unfair and unlawful under existing law. The junk fees that are the focus of the ...
The Fifth U.S. Circuit Court of Appeals ruled the Consumer Financial Protection Bureau’s funding mechanism is unconstitutional. The Court also vacated the CFPB’s 2017 Payday Lending Rule. The CFPB is ...
An exemption from certain appraisal requirements for higher-priced mortgage loans will apply to loans of $31,000 or less in 2023 under a rule change announced by the Federal Reserve Board, ...
The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) announced the annual adjustments to the dollar thresholds used in determining whether certain consumer credit and lease transactions are ...
On September 16, 2022, the White House released its First-Ever Comprehensive Framework for Responsible Development of Digital Assets (“Framework”). The Framework takes into account several federal agency reports submitted to ...
On September 16, 2022, Nacha released a new rule that will define and standardize practices and formatting of Micro-Entries, which are used by some ACH Originators as a method of ...
The Consumer Financial Protection Bureau (CFPB) recently issued its long-anticipated report regarding Buy Now, Pay Later (BNPL) products entitled, “Buy Now, Pay Later: Market trends and consumer impacts.” The 83-page ...
Aug 11, 2022 - In Circular 2022-04, the CFPB clarified insufficient data protection or information security can constitute an unfair practice in violation of the Consumer Financial Protection Act. "Inadequate ...