Collection Industry News

JULY 6, 2021

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) this week issued a report highlighting legal violations identified by the Bureau’s examinations in 2020. CFPB examiners often find problems during supervisory examinations that are resolved without an enforcement action. Examiners found redlining.

Student loans 40

Student loans Student Loans Foreclosure Loans 40

Troutman Sanders

FEBRUARY 26, 2024

The conversation will center on whether NFTs should be legally considered virtual assets in South Korea, with potential implications for licensing and compliance. The procedures require the CFPB to issue a notice to an entity not currently subject to a supervisory examination. For more information, click here.

Financial services 52

Financial services Financial Institution Trade Banks 52

Troutman Sanders

SEPTEMBER 11, 2023

Barr, vice chair for supervision at the Federal Reserve, spoke about stablecoins, among other topics, at the Federal Reserve Bank of Philadelphia’s Seventh Annual Fintech Conference. On September 5, the FDIC issued its list of state nonmember banks recently evaluated for compliance with the CRA. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Banks 52

Troutman Sanders

NOVEMBER 21, 2022

supervision of the virtual asset service providers sector, and engaging with the private sector. On November 17, the Consumer Financial Protection Bureau (CFPB) announced it is seeking public comment on its proposal to develop a new data set to better monitor the auto loan market. For more information, click here.

Financial services 52

Financial services Banks Lender Trade 52