Troutman Sanders

JULY 1, 2022

Chamber of Commerce (Chamber) launched a focused campaign to highlight what it describes as unlawful regulatory overreach by the Consumer Financial Protection Bureau (CFPB or Bureau) and, specifically, new CFPB Director Rohit Chopra. “At Revisions to CFPB Rules of Practice for Adjudication Proceedings. Chamber of Commerce.

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Troutman Sanders

JANUARY 25, 2023

As discussed here , on January 4, the CFPB issued its 2022 Fall Rulemaking Agenda containing pre-rule, proposed rule, and final rules under consideration. The CFPB’s recent agenda stated it was considering the comments it received and would issue a proposed rule in January 2023.

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Troutman Sanders

FEBRUARY 8, 2021

The Consumer Financial Protection Bureau (CFPB) signaled Thursday that it may seek to delay implementation of the agency’s recently completed qualified mortgage and debt collection rules. Both sets of rules were issued by former CFPB Director Kathleen Kraninger, a Trump appointee.

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Collections Fair Debt Collection Lender 52

Fico Collections

DECEMBER 20, 2021

The past year was one of transition in the Washington, DC policy arena as a new President, Congress and group of banking agency heads took charge of the financial legislative and regulatory policy agenda. with New Rules Promulgated by the CFPB. Open Banking Begins to Take Off in the U.S.

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Collection Industry News

JULY 19, 2023

The joint statement highlights that while policymakers are responding to these issues, the regulatory and enforcement agencies believe that more must be done in order “to compete with the pace of evolving markets and consumer needs.”

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Financial services Consumer Credit Banks Collections 40

Troutman Sanders

NOVEMBER 7, 2023

The guidance does not introduce new obligations for firms, but relates to existing regulatory obligations. Firms and individuals that comply with the guidance will be considered as having complied with the rule or requirement to which the guidance pertains. Coin Center plans to appeal the ruling.

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Collection Industry News

JULY 6, 2023

The Education Department launched a regulatory “rulemaking” process that is likely to take months. The ruling, which was welcomed by Republicans, threatened to dismantle part of the Democratic president’s policy agenda. Biden said his administration would pursue a different way to achieve his goal.

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