With new rules, legally fixing consumer electronics just got easier
ABA Journal Daily News
Judge cites consumer agency’s structure in tossing suit accusing firm of misleading 9/11 responders
ABA Journal Daily News
Consumer debt is at an all-time high. Should banks be worried?
September 2008 was one of those rare interludes when the world shifts beneath your feet. Markets froze. Foreclosure News
Judge rules Consumer Financial Protection Bureau is unconstitutionally structured and can’t sue
ABA Journal Daily News
9th Circuit Affirms Dismissal of FCRA Reporting Error Case Against Consumer Reporting Agency
A three-judge panel of the Ninth Circuit recently affirmed a district court's summary judgment finding that a national consumer reporting agency did not violate the Fair Credit Reporting Act . The court explained that the CRA could not be held responsible for the adverse consequences that consumers may face when a subscriber interprets consumer reports […]
Key Provisions of the Recently Enacted Consumer Protection Legislation
On May 24, 2018, President Trump signed the Economic Growth, Regulatory Relief, and Consumer Protection Act into law, taking the first step in paring back some of the regulations imposed under the Dodd-Frank Wall Street Reform and Consumer Protection Act in the wake of the financial crisis. Last week, we summarized the sections of the […]
Consumer financial services at a crossroads: Mortgage origination and servicing
In 2017, the CFPB issued several final rules to clarify, revise, and update the regulatory framework applicable to the home mortgage origination and servicing market: In August 2017, the CFPB published a final rule that clarifies certain HMDA data collection and reporting requirements, most of which became effective on January 1, 2018. Foreclosure News
Wells Fargo to pay $1B penalty for consumer law violations
ABA Journal Daily News
Senate Passes Economic Growth, Regulatory Relief and Consumer Protection Act
On March 15, 2018, the U.S. Senate passed the Economic Growth, Regulatory Relief and Consumer Protection Act a bipartisan bill that LenderLaw Watch reported on as a piece of legislation to watch back in December. In general, the bill seeks to reduce compliance obligations for smaller financial institutions while maintaining the general integrity of the […]
Trump Official Wants To Put Tight Leash On Consumer Watchdog Agency
The Trump administration will ask Congress to make drastic changes to weaken the independence of the Consumer Financial Protection Bureau, NPR has learned. Sources familiar with the matter, who asked not to be named, tell NPR that the CFPB's interim director, Mick Mulvaney, will ask lawmakers to restructure the bureau in his upcoming semi-annual report […]