CFPB Summaries
-
CFPB Proposed Rule on Residential Property Assessed Clean Energy Financing (Regulation Z)
Summary re: CFPB Proposal on Residential Property Assessed Clean Energy Financing (Regulation Z) 12 CFR Part 1026 Section 307 of EGRRCPA (Economic Growth Regulatory Relief and Consumer Protection Act) directs... -
Circular 2023-02: Reopening Previously Closed Deposit Accounts
Summary of CFPB Circular 2023-02: Reopening Previously Closed Deposit Accounts May 2023 The Consumer Financial Protection Bureau (CFPB) issued Circular 2023-02 to make clear that financial institutions that unilaterally reopen... -
CFPB Advisory Opinion re: Fair Debt Collection Practices Act and Time Barred Debts
Summary of CFPB Advisory Opinion re: Fair Debt Collection Practices Act and Time-Barred Debts 12 CFR Part 1006 The Consumer Financial Protection Bureau (CFPB) issued this advisory opinion to affirm... -
CFPB Executive Summary of the Small Business Lending Rule
Summary re: CFPB Executive Summary of the Small Business Lending Rule Section 1071 of the Dodd-Frank Act amended the Equal Credit Opportunity Act (ECOA) to require financial institutions to compile... -
CFPB Statement of Policy Regarding Prohibition on Abusive Acts or Practices
Summary: CFPB Statement of Policy Regarding Prohibition on Abusive Acts or Practices 12 CFR Chapter X The Consumer Financial Protection Act (CFPA) prohibits any “covered person” or “service provider” from... -
Request for Comment: Regulation Z Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act
Summary re: CFPB Review/Request for Comment: Regulation Z Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act 12 CFR Part 1026 The Consumer Financial Protection Bureau (CFPB) issued... -
Credit Card Penalty Fees Proposal
CFPB Summary re: Credit Card Penalty Fees Proposal 12 CFR Part 1026 The Consumer Financial Protection Bureau (CFPB) issues this proposal to amend Regulation Z, which implements the Truth in... -
CFPB Compliance Bulletin and Policy Guidance 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts
Summary – CFPB Compliance Bulletin and Policy Guidance 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts 12 CFPB Chapter X The Consumer Financial Protection... -
Regulation Z Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act
Summary re: CFPB Review/Request for Comment: Regulation Z Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act 12 CFR Part 1026 The Consumer Financial Protection Bureau (CFPB) issued... -
Registry of Supervised Nonbanks that Use Form Contracts To Impose Terms and Conditions That Seek To Waive or Limit Consumer Legal Protections
CFPB Summary: Proposed Rule re: Registry of Supervised Nonbanks that Use Form Contracts To Impose Terms and Conditions That Seek To Waive or Limit Consumer Legal Protections 12 CFR Part... -
CFPB Request for Information Regarding Consumer Credit Card Market
Summary re: CFPB Request for Information Regarding Consumer Credit Card Market Docket No. CFPB-2023-0009 Section 502(a) of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act or... -
CFPB Circular 2023-01 – “Unlawful negative option marketing practices”
The Consumer Financial Protection Bureau issued a circular that asked if “persons” that engage in negative option marketing practices violate the prohibition on unfair, deceptive, or abusive acts or practices...