CFPB and Justice Department Caution Auto Finance Companies about Servicemember Protections

The Department of Justice and the Consumer Financial Protection Bureau (CFPB) issued a joint letter today reminding auto finance companies of their responsibilities to recognize important legal protections for military families under the Servicemembers…

The Department of Justice and the Consumer Financial Protection Bureau (CFPB) issued a joint letter today reminding auto finance companies of their responsibilities to recognize important legal protections for military families under the Servicemembers Civil Rights Act (SCRA). While servicemembers have the same rights as non-military borrowers, the SCRA provides additional rights to protect servicemembers and their families against unique financial challenges.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-and-justice-department-caution-auto-finance-companies-about-servicemember-protections/

CFPB Issues Advisory to Protect Privacy When Companies Compile Personal Data

Today, the Consumer Financial Protection Bureau (CFPB) issued a legal interpretation to ensure that companies that use and share credit reports and background reports have a permissible purpose under the Fair Credit Reporting Act.

Today, the Consumer Financial Protection Bureau (CFPB) issued a legal interpretation to ensure that companies that use and share credit reports and background reports have a permissible purpose under the Fair Credit Reporting Act.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-advisory-to-protect-privacy-when-companies-compile-personal-data/

CFPB Moves to Thwart Illegal Auto Repossessions

The Consumer Financial Protection Bureau (CFPB) is moving to thwart illegal repossessions in the heated auto market.

The Consumer Financial Protection Bureau (CFPB) is moving to thwart illegal repossessions in the heated auto market.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-moves-to-thwart-illegal-auto-repossessions/

Consumer Financial Protection Bureau Finalizes Advisory Opinions Policy and Announces Two New Advisory Opinions

On November 25, 2020, the Consumer Financial Protection Bureau launched a refresh of its public website, consumerfinance.gov. The updated website will feature additional user functionality, an improved layout, more content, and easier access to informa…

On November 25, 2020, the Consumer Financial Protection Bureau launched a refresh of its public website, consumerfinance.gov. The updated website will feature additional user functionality, an improved layout, more content, and easier access to information.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/consumer-financial-protection-bureau-finalizes-advisory-opinions-policy-and-announces-two-new-advisory-opinions/

Consumer Financial Protection Bureau Issues Policy Statement on Applications for Early Termination of Consent Orders

The Consumer Financial Protection Bureau issued a policy statement on applications for early termination of administrative consent orders.

The Consumer Financial Protection Bureau issued a policy statement on applications for early termination of administrative consent orders.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/consumer-financial-protection-bureau-issues-policy-statement-applications-early-termination-consent-orders/

CFPB Announces Consumer Financial Protection Week, Virtual Events Nationwide

The Consumer Financial Protection Bureau announced the launch of Consumer Financial Protection Week which will take place from July 14, 2020, through July 17, 2020.

The Consumer Financial Protection Bureau announced the launch of Consumer Financial Protection Week which will take place from July 14, 2020, through July 17, 2020.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-announces-consumer-financial-protection-week-virtual-events/

Remarks by Director Kraninger During Consumer Data Industry Association Webinar

Good afternoon. Thank you, Francis, for the introduction. I appreciate the opportunity to be with you today and I look forward to the day when we all will be able to meet safely in-person once again.

Good afternoon. Thank you, Francis, for the introduction. I appreciate the opportunity to be with you today and I look forward to the day when we all will be able to meet safely in-person once again.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/remarks-director-kraninger-consumer-data-industry-association/

Consumer Financial Protection Bureau Launches Pilot Advisory Opinion Program to Provide Regulated Entities Clear Guidance and Improve Compliance

The Consumer Financial Protection Bureau launched a pilot advisory opinion program to publicly address regulatory uncertainty in the Bureau’s existing regulations.

The Consumer Financial Protection Bureau launched a pilot advisory opinion program to publicly address regulatory uncertainty in the Bureau’s existing regulations.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-launches-pilot-advisory-opinion-program-provides-regulated-entities-clear-guidance/

Agencies Issue Host State Loan-to-Deposit Ratios

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued the host state loan-to-deposit ratios that they will use to determine compliance with sectio…

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued the host state loan-to-deposit ratios that they will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace the prior year's ratios, which were released on May 28, 2019.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-75.html

CFPB to Provide Additional Extension of Comment Period for Supplemental Notice of Proposed Rulemaking on Time Barred Debt

The Consumer Financial Protection Bureau announced that it will provide an additional 60 days for the public to comment on its Supplemental Notice of Proposed Rulemaking (NPRM) on time-barred debt disclosures.

The Consumer Financial Protection Bureau announced that it will provide an additional 60 days for the public to comment on its Supplemental Notice of Proposed Rulemaking (NPRM) on time-barred debt disclosures.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-provides-additional-extension-comment-period-supplemental-nprm-time-barred-debt/