In its recent Special Edition of Supervisory Highlights on COVID-19 Prioritized Assessments, the Consumer Financial Protection Bureau (CFPB) summarized challenges and risks with respect to several industries it had informally...more
2/17/2021
/ CARES Act ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Coronavirus/COVID-19 ,
Financial Services Industry ,
Mortgage Servicers ,
Mortgages ,
Paycheck Protection Program (PPP) ,
Student Loans ,
Supervisory Highlights
On May 6, 2020, a federal court granted ACA International's request for a temporary restraining order of the Massachusetts Attorney General's emergency regulations prohibiting debt collection calls and enforcement actions...more
5/12/2020
/ Commercial Speech ,
Coronavirus/COVID-19 ,
Debt Collection ,
Debt Collectors ,
First Amendment ,
Injunctive Relief ,
Moratorium ,
State and Local Government ,
State Attorneys General ,
State of Emergency ,
Temporary Regulations ,
TRO
The COVID-19 outbreak has resulted in unprecedented job loss for millions of Americans, creating economic uncertainty and challenges for loan servicers in 2020. Until the outbreak is controlled, missed payments on mortgages...more
3/27/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Eviction ,
Forbearance Agreements ,
Foreclosure ,
Loan Servicing ,
Moratorium ,
Mortgages ,
Proposed Rules ,
Relief Measures ,
Student Loans ,
Tenants