WASHINGTON, D.C. – The Office of Justice and the Customer Financial Safety Bureau (CFPB) issued a joint letter these days reminding vehicle finance firms of their duties to understand important authorized protections for military services people under the Servicemembers Civil Relief Act (SCRA). Though servicemembers have the exact same rights […]
CFPB
May 5, 2022 Click for PDF On April 25, 2022, the Consumer Financial Protection Bureau announced that it will begin relying upon a “largely unused legal provision” of the Dodd-Frank Act to supervise nonbank financial companies that purportedly pose risks to consumers. To facilitate that process, the CFPB simultaneously promulgated […]
Washington, D.C. – The Purchaser Monetary Defense Bureau (CFPB) announced that it is invoking a mostly unused lawful provision to examine nonbank financial corporations that pose threats to buyers. The CFPB believes that employing this dormant authority will aid shield customers and degree the enjoying discipline concerning financial institutions and […]
On February 28, the Buyer Financial Defense Bureau (CFPB or Bureau) issued a bulletin and accompanying push launch, highlighting an problem that the company has penned about regularly over the previous a number of decades: inadvertent repossessions. For the most element, the bulletin reminds the field of steerage beforehand issued […]
On February 28, the Shopper Money Defense Bureau (CFPB or Bureau) issued a bulletin and accompanying push release, highlighting an issue that the agency has prepared about regularly more than the previous numerous several years: inadvertent repossessions. For the most part, the bulletin reminds the industry of assistance formerly issued […]