CFPB Issues Interpretitive Rule on Screening and Training Requirements for Mortgage Loan Originators
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) issued today an interpretive rule clarifying screening and training requirements for financial institutions which employ loan originators with temporary authority. The…
FTC Sends Payments to Consumers Deceived by False ‘Made in USA’ Claims for DreamCloud Mattresses
The Federal Trade Commission is sending payments totaling nearly $45,000 to consumers who purchased DreamCloud mattresses sold by Resident Home, LLC, the parent company of Nectar Sleep, which used misleading…
Consumer Financial Protection Bureau to Assess Integrated Mortgage Disclosure Rule
Washington, D.C. – The Consumer Financial Protection Bureau (Bureau) is requesting public comment on an assessment it will conduct on the TRID Integrated Disclosure Rule (the Truth in Lending Act…
CFPB Releases New Report Exploring Differences between Large and Small Mortgage Servicers
Washington, D.C. –The Consumer Financial Protection Bureau (Bureau) released today a report examining the differences between large and small mortgage servicers. The report explores the role servicers of different sizes…
Florida’s Hemp Industry Under Fire: How Two Bills Threaten Small Businesses and Jobs
Small Businesses and Thousands of Jobs at Stake as New Legislation Being Pushed Could Devastate the State's Thriving Hemp Industry Defending Florida's Hemp: Veteran Patrick O'Brien Takes a Stand Patrick…
Consumer Financial Protection Bureau Settles with Employment Background Screening Company
Washington, D.C. – Today the Consumer Financial Protection Bureau (Bureau) filed a proposed stipulated judgment with Sterling Infosystems, Inc. to resolve allegations that Sterling violated the Fair Credit Reporting Act…
Consumer Financial Protection Bureau Settles with Military Travel Lender and Servicer
Washington, D.C. — Today the Consumer Financial Protection Bureau (Bureau) announced settlements with Edmiston Marketing, LLC, also called Easy Military Travel, its principal, Brandon Edmiston, and USA Service Finance, LLC…
Consumer Financial Protection Bureau Issues Notice of Proposed Rulemaking on Remittance Rule
WASHINGTON, D.C. –The Consumer Financial Protection Bureau (Bureau) issued today a Notice of Proposed Rulemaking (NPRM) relating to the Remittance Rule (Rule). The Rule generally requires companies that provide remittance…
Federal Regulators Issue Joint Statement on the Use of Alternative Data in Credit Underwriting
WASHINGTON, D.C. – Five Federal financial regulatory agencies today issued a joint statement on the use of alternative data in underwriting by banks, credit unions, and non-bank financial firms. The…
CFPB Announces Panels for CFPB-FTC Workshop on Accuracy in Consumer Reporting
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) announced the panels for its December 10, 2019 workshop, cohosted with the Federal Trade Commission (FTC), to examine issues affecting the…