CFPB and State Regulators Provide Additional Guidance to Assist Borrowers Impacted by the COVID-19 Pandemic
WASHINGTON, D.C. – The Consumer Financial Protection Bureau and the Conference of State Bank Supervisors issued joint guidance to mortgage servicers to assist in complying with the Coronavirus Aid, Relief…
CFPB Takes Steps to Facilitate LIBOR Transition
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today took steps to facilitate the transition away from LIBOR for consumers and regulated entities. The Bureau released an updated Consumer…
CFPB Releases Tool to Help Communities Prevent and Respond to Elder Fraud
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today released an online resource to help communities form networks to increase their capacity to prevent and respond to elder financial…
Invocation of the OSCE Moscow Mechanism to Examine Reports of Human Rights Abuses Committed by Lukashenka Regime
The United States and 37 other countries have invoked the OSCE Moscow Mechanism requesting that the Organization for Security and Cooperation in Europe’s (OSCE) Office of Democratic Institutions and Human…
Consumer Financial Protection Bureau Launches Pilot Advisory Opinion Program to Provide Regulated Entities Clear Guidance and Improve Compliance
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today launched a pilot advisory opinion (AO) program to publicly address regulatory uncertainty in the Bureau’s existing regulations. The pilot AO…
Consumer Financial Protection Bureau Takes Steps to Address GSE Patch
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today issued two Notices of Proposed Rulemaking (NPRMs) to address the impending expiration of the Government-Sponsored Enterprises Patch (GSE Patch). The…
FTC Approves Horseracing Integrity and Safety Authority’s Anti-Doping and Medication Control Rule
The Federal Trade Commission has issued an Order approving the Anti-Doping and Medication Control rule proposed by the Horseracing Integrity and Safety Authority after a public comment period. The rule…
CFPB Issues Interim Final Rule on Loss Mitigation Options for Homeowners Recovering from Pandemic-Related Financial Hardships
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) issued today an interim final rule (IFR) that will make it easier for consumers to transition out of financial hardship caused…
U.S. Humanitarian and Development Assistance for Venezuela Regional Crisis
The United States is the largest single donor for the humanitarian response to the Venezuela regional crisis, providing assistance that supports refugees, asylum seekers, and other vulnerable populations of concern.…
Consumer Financial Protection Bureau Settles with Contract for Deed Companies for Engaging in Deceptive Acts and Practices and Violating Credit Reporting Rules
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (Bureau) settled with Harbour Portfolio Advisors, LLC (Harbour); National Asset Advisors, LLC (NAA); and National Asset Mortgage, LLC (NAM), companies that…