by Jennifer Bowen and John C. Lynch The Consumer Financial Protection Bureau (“CFPB”) recently prevailed on a motion for preliminary injunction against a Florida law firm and several related companies as part of its “ nationwide sweep... Read More
On March 14, 2013, the CFPB announced a proposed rule to supervise nonbank student loan servicers. Under the proposed rule, the CFPB would have supervisory authority for loan servicers with more than one million accounts - a move that would bring... Read More
by Troutman Sanders CFPB Team By a blog post on September 30, 2011, Gail Hillebrand, Associate Director for Consumer Education and Enforcement for the Consumer Financial Protection Bureau (CFPB), invited comments from those with concerns about payday... Read More
by Ethan G. Ostroff , John C. Lynch and Ashley L. Taylor, Jr. In a speech made on May 12 to the National Association of Realtors, Consumer Financial Protection Bureau Director Richard Cordray addressed questions surrounding the three-day requirement... Read More
by Ethan Ostroff , David Anthony and Bryan Haynes Beginning in June, the Consumer Financial Protection Bureau will provide the public with access to the meetings of the Consumer Advisory Board (CAB)and the CFPB’s three Councils. Anyone may attend... Read More
by Donald C. Lampe , Jeffrey E. Jamison , and Michael B. Raines On Dec. 17, the Consumer Financial Protection Bureau (CFPB) issued the expected mortgage servicing final rules. At over 1,000 pages, the final rules will amend the Truth in Lending... Read More
In this Analysis, Stephen Ornstein, Matthew Yoon, and John Holahan, of SNR Denton, discuss the anti-predatory lending provisions of the historic Dodd-Frank Act. Prescribing a host of new standards for residential mortgage loans, Title XIV is one of the... Read More
In considering new rulemaking for the debt collection industry, the CFPB has decided to turn directly to consumers for input. As set forth in the notice issued March 6, 2014, the CFPB plans to send out a survey in order to learn more about consumers'... Read More
by Chais L. Sweat In its continuing effort to ramp up oversight of student loans, on January 30, 2014, the CFPB announced the opening of a new online student complaint system specifically for servicemembers, veterans, and their families to report negative... Read More
by: Edward (Ted) W. Somers and Jeffrey E. Jamison Last week's announcement of the CFPB's new "appeal process" for supervised entities offers little solace to those organizations subject to an adverse finding or compliance rating... Read More
by Troutman Sanders CFPB Team On September 6, 2011, Richard Cordray, former Ohio Attorney General and current nominee to become the first Director of the Consumer Financial Protection Bureau (CFPB), appeared before the Senate Banking Committee for a... Read More
by the Consumer Financial Services Group When it makes its debut on July 21, 2011, the Consumer Financial Protection Bureau (CFPB) intends to immediately launch its supervision program for large banks. In a release issued on July 12, 2011... Read More
by Jeffrey E. Jamison Bloomberg News is reporting that Raj Date, the influential deputy director of the Consumer Financial Protection Bureau (CFPB), will be leaving the Bureau at the end of January. Date joined the Bureau in February 2011 as the... Read More
by the Consumer Financial Services Group The Consumer Financial Protection Bureau (CFPB) published four interim final rules in the Federal Register on July 28, 2011, to establish its procedures for investigations, administrative enforcement actions... Read More