The Future of CFPB Small Business Lending RegulationGordon, Michael
And the CFPB doesn’t just shine a light on those complaints — it has successfully resolved more than a million of them, too. They’ve also cracked down on mortgage companies that lie to homeowners in order to foreclose on them more quickly. They’ve taken on for-profit coll...
In a consequential decision, a panel of the Fifth Circuit Court of Appeals has ruled that the US Consumer Financial Protection Bureau (“CFPB”) is
Will Trump kill the CFPB? The bureau’s future is unclear under the new administration BYPreston Fore January 21, 2025 Finance Jamie Dimon says he doesn’t know who his successor is and drops hints on his post-CEO life —‘I’m not going to retire like that’ ...
The Credit CARD Act of 2009 banned excessive late fees, but an immunity provision has allowed lenders to circumvent the rule. In a statement posted on the CFPB website, the agency's director, Rohit Chopra, says: "Over a decade ago, Congress banned excessive credit card late fees, but ...
In response to the CFPB’s RFI, a multitude of entities issued recommendations on how the QM standards and the GSE patch should be changed. Amongst the recommendations were: The removal of the 2021 termination and indefinite existence of the patch ...
providing rich insight into Americans' use of financial services and adding to the learnings from the Federal Reserve Board's triennial Survey of Consumer Finances.24 Holistic measurements of one's financial situation have also emerged, including the CFPB Financial Well-Being Scale and the Financial...
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In June 2024, the vice presidentannounced a new proposalalongside the Consumer Financial Protection Bureau (CFPB) that would eliminate medical debt from 15 million Americans' credit reports.29Her economic plan also includes canceling medical debts for millions of people.2 ...
The Drum offers insights into what the Future of Media could look like with the growth of Virtual Reality, the Metaverse and more.