its first "abusive practices" enforcement action, the CFPB has forced American
Debt Settlement Solutions Inc. (ADSS) and its president to agree to pay over
one-half million dollars in damages and fines (most of which will be...
Readers will remember that, before December 2012, the
Electronic Fund Transfer Act required
ATM's to include fee notices on the machines themselves. Congress
eliminated that requirement after banks faced repeated nuisance litigation
by Erika J. Sonstroem
The Consumer Financial Protection Bureau (CFPB) on April 17, 2014 announced the release of a Guide to Completing TILA-RESPA Integrated Disclosure Forms (the Forms Guide). The CFPB states that the purpose of the Forms Guide is...
by Zachary Q. Hoard
On August 11, 2014, the Consumer Financial Protection Bureau (CFPB) issued a consumer advisory warning consumers about the risks of virtual currencies, also referred to as “digital currencies,” such as Bitcoin. The potential...
by Donald C. Lampe , Jeffrey E. Jamison ,
and Michael B.
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
by Richard E. Gottlieb
As our readers will recall, the CFPB proposed back in
January 2013 to limit the ability of mortgage lenders to finance credit
insurance premiums. These prohibitions were to go into effect on June 1, 2013,
by Michael B. Raines
and Jeffrey E.
Last week, the Federal Financial Institutions Examination
Council ("FFIEC") issued proposed risk management guidance regarding the use of
social media by financial institutions, including banks...