compliance circulars 
Troutman Sanders
OCTOBER 31, 2022
Specifically, the CFPB published a compliance bulletin , cautioning against charging across-the-board depositor fees to consumers who deposit a check that bounces, as well as a circular on what the CFPB refers to as “surprise” overdraft fees —the CFPB’s way of referring to authorize positive, settle negative practices (APSN).
Troutman Sanders
FEBRUARY 21, 2024
On February 12, FFIEC issued a statement of principles related to valuation discrimination and for member entities to consider in their consumer compliance and safety and soundness examinations. For more information, click here.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Collection Industry News
JUNE 19, 2023
Through our enforcement and examination activity, interpretive rules and advisory opinions, circulars, and other tools, we continue to make clear that fair lending must be a top priority for all financial institutions.
True Accord
OCTOBER 12, 2022
The next day, the CFPB published a circular about requirements to safeguard consumer data, specifically citing practices that “are likely to cause” substantial injury like inadequate data security measures. For a good snapshot of what compliance looks like today, check out our Collections & Compliance page.
Troutman Sanders
MAY 31, 2022
The CFPB published a Consumer Financial Protection Circular to remind the public, including those responsible for enforcing federal consumer financial protection law, of creditors’ adverse action notice requirements under the Equal Credit Opportunity Act. For more information, click here.
Troutman Sanders
AUGUST 22, 2022
On August 18, the FDIC issued guidance to FDIC-supervised institutions to address certain consumer compliance risks associated with assessing multiple non-sufficient funds fees, arising from the re-presentment of the same unpaid transaction. For more information, click here. For more information, click here.
Troutman Sanders
NOVEMBER 15, 2022
On November 10, the CFPB issued a circular on its recent revelation that consumer reporting agencies and furnishers may be evading their obligation under the Fair Credit Reporting Act to conduct reasonable investigation of consumer disputes. For more information, click here. For more information, click here.
Expert insights. Personalized for you.
52 
Let's personalize your content