The bureau is updating its supervisory exam procedures for private education loans. 01/24/2022 2:30 P.M. 2 minute read The Consumer Financial Protection Bureau will begin examining the operations of post-secondary schools, such as for-profit colleges, that extend private loans directly to students, according to a Jan. 20 news release. The bureau’s exam procedures will include […]
This week’s speakers, Leslie Bender and John Bedard, will cover regulators’ focus on industry enforcement efforts and compliance best practices. Editor’s note: This article is available for members only. 01/24/2022 11:30 A.M. 1 minute read Regulators are revving up industry-wide enforcement efforts and the Consumer Financial Protection Bureau and Federal Trade Commission have been rolling […]
ACA’s letter to CFPB Director Rohit Chopra points out that the bureau’s No Surprises Act bulletin and policy guidance on medical debt and credit reporting goes beyond the CFPB’s authority. Editor’s note: This article is available for members only. 01/24/2022 9:30 A.M. 3 minute read In a letter to Consumer Financial Protection Bureau Director Rohit […]
The bureau’s updates formalize its latest compliance bulletin on medical debt and annual civil penalty inflation adjustments. Editor’s Note: This article is available for members only. 01/20/2022 3:45 P.M. 2 minute read The Consumer Financial Protection Bureau’s compliance bulletin and policy guidance on medical debt, including reminders for debt collectors and credit bureaus on the requirements […]
As we kick of 2022, two focus areas for the financial services industry are data privacy and credit reporting. Learn more about activity in these areas during the Jan. 19 ACA Huddle. Editor’s note: This article is available for members only. 01/18/2022 11:00 A.M. 1 minute read The Consumer Financial Protection Bureau and Federal Trade […]
The taskforce, created by the bureau in 2019, had allegedly violated the law that seeks to ensure transparency by federal agency advisory committees. 01/17/2022 12:30 P.M. 2 minute read The Consumer Financial Protection Bureau’s Taskforce on Consumer Financial Law, created to examine the existing legal and regulatory environment facing consumers and financial services providers, is […]
01/13/2022 5:00 P.M. For Immediate Release Contact: Anne Rosso May Communications Director ACA International [email protected] Washington, D.C. – January 13, 2022 – The Consumer Financial Protection Bureau has released a medical debt compliance bulletin and policy guidance for debt collectors and credit bureaus on the requirements of the No Surprises Act, which includes consumer protections […]
01/13/2022 5:00 P.M. 5 minute read The CFPB’s bulletin explains the duties of debt collectors and furnishers of information when collecting or reporting medical debts covered by the No Surprises Act. Editor’s note: This article is available for members only. Purpose of Bulletin 2022-01 On Jan. 13, 2022, the Consumer Financial Protection Bureau issued Bulletin […]
01/13/2022 5:00 P.M. 5 minute read The new federal law on health care costs aims to provide comprehensive guidance on surprise medical bills received by consumers while states consider and enact their own laws. Editor’s note: This article is available for members only. The Consumer Financial Protection Bureau has released a medical debt compliance bulletin […]
Debt buyer allegedly violated the FDCPA, according to a complaint in a New York district court. 01/11/2022 1 P.M. 4.5 minute read The Consumer Financial Protection Bureau (CFPB) has filed a complaint in the U.S. District Court for the Western District of New York against United Debt Holding (UDH), JTM Capital Management (JTM), United Holding […]
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