The publication makes official the bureau’s policy statements exploring third-party debt collectors’ role in collecting on behalf of nursing homes and the liability that could occur under laws enforced by the CFPB; however, it is not clear how prevalent the issue is. 09/27/2022 10:15 A.M. 4.5 minute read The Consumer Financial Protection Bureau’s policy statements […]
Learn what to say to lawmakers to advocate for the industry—as well as how and when to say it—in a new session at ACA’s 2022 Fall Forum in Chicago. 09/26/2022 10:00 A.M. 3 minute read It can be a challenge to speak your mind with legislators and regulators, but hearing your story can help inform […]
Senate and House committee hearings reignite discussions of fair access to banking for businesses and consumers as well as bank oversight, which ACA outlined in letters to committee leaders. 09/26/2022 9:00 A.M. 4 minute read Two days of hearings on the accountability of the nation’s largest banks—including seven hours before the House Financial Services Committee—brought […]
ACA has had many successes through the Industry Advancement Fund thanks in large part to members. To build on that success, members can make voluntary contributions to the fund. 09/21/2022 10:30 A.M. 2 minute read You can now make contributions to the Industry Advancement Fund (IAF) to help protect our industry for use as needs […]
In a letter to congressional leaders, ACA details the CFPB’s lack of transparency in its “research” and policy reports related to medical debt and credit reporting. 09/20/2022 10:00 A.M. 3 minute read ACA International recently outlined concerns with the Consumer Financial Protection Bureau’s actions related to medical debt and credit reporting in a comprehensive letter […]
The complaint argues that the department’s student loan forgiveness and associated costs impacting inflation and the economy will affect other borrowers with loans of any kind and that it is not within the department’s authority under the HEROES Act. 09/19/2022 4:00 P.M. 5.5 minute read A lawsuit in an Oregon District Court is challenging the […]
Senate Banking Committee discussion on fintech shows a divide between how to regulate these new products while encouraging innovation in the marketplace. 09/15/2022 3:00 P.M. 5 minute read New financial products, including buy now, pay later (BNPL) loans and earned wage access (EWA), were discussed in a Senate Committee on Banking, Housing and Urban Affairs […]
This ACA Huddle covers two important topics—unpacking the 11th Circuit Court of Appeals decision in the Hunstein case and cybersecurity tips from state regulators. Meeting Recording Passcode: bt45.ZNS Session Slides The 11th Circuit Court of Appeals has issued its long-awaited ruling in Hunstein v. Preferred Collection & Management Services, dismissing the case because the plaintiff […]
After months of waiting for additional clarity, on Sept. 8, 2022, the 11th Circuit issued an en banc decision vacating the previous Hunstein decisions, concluding there was no concrete harm and thus no Article III standing. Brownstein Hyatt Farber Schreck provides insights here. 09/14/2022 10:30 A.M. 5 minute read Editor’s Note: This article is republished with permission […]
Committee leaders submitted a letter to CFPB Director Rohit Chopra on the bureau’s regulatory overreach and urged the director to “reverse course” on its tactics to avoid harming financial institutions and customer relationships. 09/13/2022 2:30 P.M. 2 minute read Members of Congress on the Senate Committee on Banking, Housing and Urban Affairs are urging Consumer […]
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