anonymous

5th Circuit’s CFPB Decision Brings Challenges to Enforcement Actions

 

Several groups argue that the bureau’s enforcement actions, filed while using a funding source the 5th Circuit court has deemed unconstitutional, qualify them to be dismissed. 10/26/2022 12:00 P.M. 5 minute read Since the Consumer Financial Protection Bureau’s funding structure through the Federal Reserve was deemed unconstitutional by the U.S. Court of Appeals for the […]

Read More…

ACA International Responds to Court Decision on CFPB Funding Structure

ACA International logo

 

ACA has long advocated for the bureau’s funding to be through the congressional appropriations process. 10/20/2022 2:45 P.M. 1.5 minute read The Consumer Financial Protection Bureau’s funding structure through the Federal Reserve was found unconstitutional Wednesday by the U.S. Court of Appeals for the 5th Circuit. ACA International has long advocated for the bureau’s funding […]

Read More…

CFPB Issues Advisory Opinion on False Credit Reporting

CFPB logo with magnifying glass

 

The advisory opinion covers requirements under the Fair Credit Reporting Act and details procedures to prevent false information on credit reports as guidance to credit reporting agencies. 10/20/2022 12:00 P.M. 3 minute read The Consumer Financial Protection Bureau  has issued an advisory opinion discussing Fair Credit Reporting Act  requirements related to procedures for ensuring the […]

Read More…

From the Web: Fintechs Warned to Be Ready for CFPB Scrutiny

 

Attorneys from Debevoise & Plimpton warn financial technology companies that the Consumer Financial Protection Bureau’s recent actions indicate it wants to broaden its jurisdiction. 10/14/2022 2:15 P.M. 3 minute read Recent actions by the Consumer Financial Protection Bureau signal it intends to broaden its scope of jurisdiction, particularly over non-bank entities that participate in the […]

Read More…

CFPB Scales Back No-Action Letters and Compliance Assistance Sandbox Policies

CFPB logo with magnifying glass

 

The policies allowed companies to test certain processes and products without enforcement actions to facilitate innovation benefiting consumers. Regulated entities will be notified by the bureau related to additional steps on these policies. 10/14/2022 12:00 P.M. 2 minute read The Consumer Financial Protection Bureau has revised its policy on No-Action Letters and the Compliance Assistance […]

Read More…

ARM Industry Claims Increase Across the Board in August

increasing bar graph

 

August litigation rebounded with double-digit increases for the FDCPA, TCPA and FCRA as well as monthly consumer complaints to the CFPB, according to the latest report from WebRecon. 10/07/2022 2:20 P.M. 2 minute read WebRecon’s latest report shows litigation increased across the board in August in Telephone Consumer Protection Act, Fair Debt Collection Practices Act and Fair […]

Read More…

This site uses cookies. By continuing to use our site, you are agreeing to our use of cookies. Review our Privacy Policy for more information. You may change your preferences on how cookies are stored by reviewing the settings on your browser.

The content on this site is presented for educational, general reference, and informational purposes only; is not intended to serve as legal or other advice; is not intended to be a full and exhaustive explanation of the law in any area; and should not replace the advice of your own legal counsel. By continuing to use our site, you are agreeing to the legal disclaimers in our Terms of Use. Review our Terms of Use for more information.

Friendly Reminder

Get continued access to ACA International’s wide array of resources, which can help you become more profitable, compliant and successful.

Renew your membership today to take advantage of tools you won’t find anywhere else:

  • Discounts on seminars, products, services and events
  • Resources to strengthen your compliance department
  • Industry-specific risk management products and services
  • Participation in ACA’s online community, The Hub
    Members-only website content
  • Professional development and training opportunities, and so much more!