rules-policy petitions-rulemaking 
Troutman Sanders
AUGUST 4, 2022
This is the first time any of the groups have used the CFPB’s petition process since it was revamped this past February. The petition notes that while banks and credit unions are regularly supervised and examined by the CFPB, non-depository institutions, such as “data aggregators,” data holders, and data users, are not.
Troutman Sanders
OCTOBER 27, 2022
Today, the CFPB released an Outline of Proposals and Alternatives Under Consideration for industry participants to weigh in on the Section 1033 rulemaking. Chopra described the impetus for the new rule as part of an intentional shift by the CFPB away from “fine print” privacy notices and toward procompetitive regulation.
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Collection Industry News
JULY 27, 2021
The industry trade teams challenging the CFPB’s rule that is final Payday, Vehicle Title, and Certain High-Cost Installment Loans (the Rule) have filed a movement for summary judgment. Source: site. Since the U.S.
Troutman Sanders
DECEMBER 19, 2023
On December 15, the Securities and Exchange Commission (SEC) denied Coinbase’s Petition for Rulemaking, which was submitted to the SEC on July 20, 2022, as “currently unwarranted.” Coinbase’s petition requested the SEC to propose and adopt rules to, among other things, “identify which digital assets are securities.”
Troutman Sanders
SEPTEMBER 5, 2023
On August 30, the Consumer Financial Protection Bureau (CFPB) issued a Consumer Advisory notifying consumers about actions they should take when their home insurance policy is cancelled or if the cost of the policy becomes unaffordable. For more information, click here. For more information, click here. On August 29, the U.S.
Troutman Sanders
FEBRUARY 23, 2022
On February 16, the CFPB announced that members of the public can submit petitions for rulemaking directly to the CFPB. The petitions will be posted on public dockets for review and comment. Department of Education forgiving $71.7 For more information, click here. For more information, click here. On February 16, the U.S.
Consumer Financial Services Law
MARCH 26, 2018
Circuit has issued its long-awaited decision on the FCC’s 2015 TCPA Declaratory Ruling. The ruling invalidates the FCC’s definition of an automated telephone dialing system (“ATDS”) and sets aside the FCC’s ruling on reassigned numbers. The 2015 Declaratory Ruling. ACA International v. 15-1211 (Mar. While the D.C.
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