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Consumer Financial Protection Bureau (CFPB) Notice and Comment

Ballard Spahr LLP

ABA issues white paper on agency guidance and sends letters to regulators commenting on recently-issued guidance

Ballard Spahr LLP on

The American Bankers Association (ABA) has issued a new white paper, “Effective Agency Guidance: Examining Bank Regulators’ Guidance Practices,” that is intended to help agencies issue guidance that complies with legal...more

Ballard Spahr LLP

Ballard Spahr attorneys and Cornell University law professor submit comments opposing CFPB rulemaking on post-dispute consumer...

Ballard Spahr LLP on

Ballard Spahr Senior Counsel Alan S. Kaplinsky and Mark J. Levin, and David Sherwyn, Professor of Law at Cornell University’s School of Hotel Administration, today submitted lengthy comments to the Consumer Financial...more

Venable LLP

CFPB Launches Portal for Public Petitions for Rulemaking

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The CFPB is now accepting petitions for agency action submitted directly by members of the American public, according to a press release and a new portal that was opened on February 16, 2022. In support of this change, the...more

BCLP

CFPB Proposes Rule to Ease Transition to LIBOR for Creditors

BCLP on

On June 4, 2020, the Consumer Financial Protection Bureau (“CFPB”) issued proposed rules and changes to the Truth in Lending Act (“TILA”) to address the anticipated sunset of the London Interbank Offered Rate (“LIBOR”) at the...more

Ballard Spahr LLP

CFPB Seeks Information On Possible Changes To Remittance Transfers Rule

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The CFPB has published a notice and request for comments seeking information to inform its consideration of possible changes to its rule on remittance transfers.  Comments are due by June 28, 2019. The RFI sets forth a series...more

Nutter McClennen & Fish LLP

The CFPB’s Proposed Policy on No-Action Letters and Product Sandbox

The comment period for the Consumer Financial Protection Bureau’s (“CFPB”) proposed Policy on No-Action Letters and the CFPB Product Sandbox concluded on February 11. As anticipated, the proposal received extensive...more

Goodwin

CFPB Releases Notice for Comment on Proposal to Delay Compliance with 2017 Final Payday Rule

Goodwin on

On February 6, 2019, the Consumer Financial Protection Bureau (CFPB or Bureau) released a proposed rescission of the 2017 “Payday, Vehicle Title, and Certain High-Cost Installment Loans” final rule (Payday Rule), along with a...more

K&L Gates LLP

They’re Just Not That into You: A Brief Summary of How Federal Courts Have Treated the CFPB’s Interpretations of Statutes and...

K&L Gates LLP on

Since its creation in 2011, the Consumer Financial Protection Bureau (“CFPB”) has exercised its broad authority to regulate a wide swath of the consumer financial services industry. While the CFPB has the authority to engage...more

McGuireWoods LLP

Challenge to CFPB’s Auto Lending Guidance

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A bipartisan bill, House Resolution 1737, which the U.S. House of Representatives will be voting on this week, seeks to nullify the Consumer Financial Protection Bureau’s (CFPB’s) guidance to indirect auto lenders....more

MoFo Reenforcement

No Surprise Here—CFPB Proposes to Significantly Curtail Arbitration Agreements

MoFo Reenforcement on

On October 7, 2015, the CFPB announced its proposals regarding arbitration agreements in consumer financial product contracts. In a move that has plaintiffs’ class action lawyers cheering, the CFPB proposes to require...more

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