USA articles related to:
The CFPB stretches ECOA past the breaking point with auto finance
Ballard Spahr LLP - USA -
February 21 2013
In a story released last night, Carter Dougherty at Bloomberg reports that the CFPB has warned "at least four banks" that it may take enforcement…
CFPB fair lending guidance for indirect auto lenders it's not just about cars
- Morrison & Foerster LLP
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- USA
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- June 4 2013
Several weeks ago, the Consumer Financial Protection Bureau ("CFPB") issued a fair lending guidance bulletin ("Bulletin") directed at financial
The CFPB issues bulletin on indirect auto lending and compliance with the Equal Credit Opportunity Act
- Debevoise & Plimpton LLP
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- USA
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- March 27 2013
On March 21, 2013, the Consumer Financial Protection Bureau ("CFPB") issued Bulletin 2013-02 (the "Bulletin") warning indirect auto lenders of the
CFPB takes aim at indirect auto lenders for violation of fair lending law
- Jorden Burt LLP
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- USA
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- May 2 2013
May 2, 2013 -- The auto dealer industry fought hard for their exemption from the provisions of Dodd-Frank. But that exemption does not extend to
CFPB issues bulletin on indirect auto lending and fair lending
- Winston & Strawn LLP
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- USA
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- March 27 2013
On Thursday, March 21, the Consumer Financial Protection Bureau (the CFPB) issued a bulletin 1 to provide guidance on the applicability of fair
ECOA redux: CFPB targeting indirect auto lenders for alleged discriminatory practices by dealers
- Dykema Gossett PLLC
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- USA
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- March 21 2013
Today (March 21, 2013), the CFPB released a bulletin warning indirect auto lenders that that the Bureau intends to "pursue" -- under the federal
CFPB announces plans to hold auto lenders liable for discriminatory loans
- Loeb & Loeb LLP
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- USA
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- April 3 2013
The Consumer Financial Protection Bureau issued a guidance bulletin announcing that it will treat indirect auto lenders as creditors subject to the
Discretionary pricing in auto lending and the CFPB (oh no!)
- Locke Lord LLP
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- USA
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- April 2 2013
Recently, the Consumer Financial Protection Bureau (the CFPB) issued Bulletin 2013-02 titled "Indirect Auto Lending and Compliance with the Equal
Commercial financial services brief: CFPB bulletin provides warning to indirect lenders and auto dealers
- Gray Plant Mooty
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- USA
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- March 25 2013
On March 21st the Consumer Financial Protection Bureau (CFPB) issued CFPB Bulletin 2013-02 as a reminder to lenders engaged in indirect lending about
CFPB tackles discrimination in auto lending
- Sidley Austin LLP
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- USA
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- May 10 2013
The Consumer Financial Protection Bureau (CFPB) recently issued guidance stating that it intends to use its regulatory tools, including enforcement
How the CFPB’s stance on ECOA in auto finance will raise consumer prices
- Ballard Spahr LLP
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- USA
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- March 27 2013
Ever since the CFPB's release of its bulletin relating to disparate impact analysis of dealer rate participation last week, the press and consumer
Indirect auto lending carries fair lending risk
- Frost Brown Todd LLC
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- USA
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- April 9 2013
A recent guidance published by the Consumer Financial Protection Bureau is a helpful reminder of one of the risks associated with indirect auto
CFPB issues guidance on indirect auto lending ECOA compliance
- Ballard Spahr LLP
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- USA
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- March 22 2013
The Consumer Financial Protection Bureau has issued guidance on fair lending compliance for indirect auto lenders. The guidance targets the practice
The CFPB previews its coming auto finance fair lending enforcement actions
- Ballard Spahr LLP
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- USA
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- March 21 2013
Earlier today, the CFPB released its guidance bulletin with respect to automobile indirect finance fair lending issues. The bulletin's intent is
The Consumer Financial Protection Bureau investigates auto financing discrimination
- Edwards Wildman Palmer LLP
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- USA
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- March 8 2013
In 2010, as part of the Dodd Frank Wall Street Reform and Consumer Protection Act, Congress created the Consumer Financial Protection Bureau (CFPB)
Financial services report, summer 2013
- Morrison & Foerster LLP
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- USA
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- June 5 2013
In Kilgore v. Keybank, N.A., the Ninth Circuit was poised to decide whether the Supreme Court’s Concepcion decision vitiates California’s “public”
CFPB to pursue auto lenders for illegal discriminatory markups
- Leonard, Street and Deinard
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- USA
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- March 24 2013
The CFPB has released a bulletin explaining its belief that certain lenders that offer auto loans through dealerships are responsible for unlawful
Lessons learned from the first public CFPB enforcement action
- Dentons
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- USA
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- August 13 2012
Charging unfair, deceptive, or abusive acts or practices ("UDAAP") in its first public enforcement action, the Consumer Financial Protection Bureau ("CFPB") issued a Consent Order to Capital One Bank (USA), N.A. (the "Bank") on July 17, 2012 for allegedly "deceptive acts or practices" in connection with the marketing, sales and operation of payment protection and credit monitoring products to credit card consumers (the "CFPB Consent Order").
CFPB pursuing ECOA claims against auto lenders based on dealer conduct
- Seyfarth Shaw LLP
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- USA
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- February 27 2013
Continuing its efforts to attempt to force lenders to police third parties over whom it has no jurisdiction, the Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau: its foundation, authorities, and first year of enforcement
- Gibson Dunn & Crutcher LLP
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- USA
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- June 5 2013
Since the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, (Dodd-Frank Act), Gibson Dunn has been monitoring regulatory
Division of banks issues guidance on indirect auto lending
- Nutter McClennen & Fish LLP
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- USA
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- May 31 2013
The Division of Banks issued a statement on April 29 recommending that Massachusetts depository institutions engaged in indirect auto lending follow
HUD sets uniform standard for evaluating discriminatory effect claims
- Frost Brown Todd LLC
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- USA
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- March 22 2013
Last month, the Department of Housing and Urban Development ("HUD") issued a formal rule relating to housing discrimination that went into effect
Congress creates Bureau of Consumer Financial Protection
- Davis Wright Tremaine LLP
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- USA
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- August 6 2010
In the early hours of Friday, June 25th, House and Senate conferees agreed on the language of what some are calling the most sweeping change in financial regulation since the Great Depression.
Fair lending 2012 - significant risk management agenda items
- Pillsbury Winthrop Shaw Pittman LLP
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- USA
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- May 30 2012
In the first few months of 2012, lenders were cautiously optimistic that a recent Supreme Court case and a case pending before the Supreme Court would result in a victory for the financial services industry by severely limiting the use of a "disparate impact" analysis in the fair lending arena.
New risks for indirect lenders
- Foley & Lardner LLP
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- USA
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- April 22 2013
Last month the Consumer Financial Protection Bureau announced that it will start holding banks accountable for the discriminatory actions of indirect
The Consumer Financial Protection Bureau, week in review: February 18-22, 2013
- Greenberg Traurig LLP
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- USA
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- February 27 2013
The Consumer Advisory Board to the CFPB is charged with identifying the “impact of emerging products, practices or services on consumers and other
CFPB lawyer discusses disparate impact in auto financing and says important development to happen soon
- Ballard Spahr LLP
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- USA
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- January 9 2013
At the ABA Consumer Financial Services Committee meeting earlier this week, Rick Hackett, Assistant Director of the Research, Markets and Regulations
CFPB issues subpoenas to motor vehicle lenders: discretion discrimination?
- Bradley Arant Boult Cummings LLP
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- USA
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- May 9 2013
The Consumer Financial Protection Bureau (CFBP) has taken another step in its attempts to ensure "fair" pricing in indirect motor vehicle financing
CFPB issues guidance on indirect auto lending
- BuckleySandler LLP
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- USA
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- March 25 2013
On March 21, the CFPB issued Bulletin 2013-02, which provides guidance to bank and nonbank indirect auto lenders about compliance with federal fair
Key take-aways from the CFPB’s first court action
- Greenberg Traurig LLP
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- USA
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- September 28 2012
In our recent Alert, “The Consumer Financial Protection Bureau’s First Major Enforcement Action and What the $210 Million Dollar Settlement Means to You,” we discussed the CFPB’s first major enforcement action.
Consumer Financial Protection Bureau frequently asked questions
- Morgan Lewis & Bockius LLP
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- USA
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- September 20 2012
As the CFPB completes its first year of operation, much can be learned from its investigation and enforcement activity thus far.
Six things to know about the CFPB
- Venable LLP
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- USA
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- April 15 2013
Since opening for business in July 2011, the Consumer Financial Protection Bureau ("CFPB" or the "Bureau") has focused on regulating consumer
CFPB targets fair lending
- LeClairRyan
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- USA
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- October 17 2012
The Consumer Financial Protection Bureau continues to throw its weight around.
Dodd-Frank at one year: an updated overview
- Dentons
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- USA
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- July 27 2011
On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") into law.
Disparate impact rule under lending laws: what will the Supreme Court say?
- Locke Lord LLP
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- USA
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- February 22 2013
The Consumer Financial Protection Bureau (CFPB) has reportedly sent notice to at least four banks that they may have violated the Equal Credit
CFPB announces first public enforcement action
- Sullivan & Cromwell LLP
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- USA
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- July 19 2012
On July 18, 2012, the Consumer Financial Protection Bureau (the “CFPB”) announced its first public enforcement action a Consent Order requiring Capital One Bank (the “Bank” or “Capital One”) to refund an estimated $140 million to two million consumers and pay a $25 million civil money penalty.
CFPB focuses on ECOA in mortgage servicing
- Ballard Spahr LLP
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- USA
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- October 18 2011
The Bureau’s Mortgage Servicing Examination Procedures, released on October 13, 2011, offer a fascinating insight into the CFPB’s supervision and enforcement priorities.
Introducing the new sheriff in town
- Venable LLP
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- USA
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- July 22 2010
This week, President Obama is expected to usher in a new era of financial regulation by signing landmark reform legislation into law.
The Dodd-Frank Act and Consumer Financial Protection Bureau, what you need to know
- Fennemore Craig
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- USA
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- November 2 2011
In response to the financial crisis which began in late-2008, the Obama Administration and Congress enacted the Dodd-Frank Act, widely considered the most sweeping overhaul of the country’s financial regulatory system since the Great Depression.
Cordray makes first appearance on Capitol Hill
- Dentons
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- USA
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- January 25 2012
Yesterday, the newly appointed Director of the US Consumer Financial Protection Bureau (CFPB), Richard Cordray, testified before the House Committee on Oversight and Government Reform, Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs.
The Consumer Financial Protection Bureau, recent updates: April 4, 2013 May 3, 2013
- Greenberg Traurig LLP
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- USA
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- May 21 2013
The CFPB announced that its consumer response team now accepts money transfer complaints. To submit a money transfer complaint, the consumer should
FTC sets its sights on motor vehicle dealers
- Ballard Spahr LLP
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- USA
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- March 15 2011
The Federal Trade Commission recently announced that it will hold its first roundtable addressing motor vehicle dealers in Detroit on April 12, 2011.
CFPB’s first Annual Report regarding the Fair Debt Collection Practices Act
- Dentons
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- USA
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- April 12 2012
On March 20, 2012, the US Consumer Financial Protection Bureau ("CFPB" or "Bureau") submitted its first Annual Report ("Report") to Congress regarding its administration of the Fair Debt Collection Practices Act ("FDCPA") during the previous year.
New CFPB guidance affirms "disparate impact doctrine"
- Dorsey & Whitney LLP
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- USA
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- April 20 2012
The Consumer Financial Protection Bureau (“CFPB”) has issued new fair lending guidance reaffirming the “disparate impact doctrine” under the Equal Credit Opportunity Act (“ECOA”) and Regulation B.
The Consumer Financial Protection Bureau, week in review: June 3 - June 7, 2013
- Greenberg Traurig LLP
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- USA
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- June 17 2013
On June 4th, the CFPB updated its TILA and ECOA examination manuals to encompass rules it issued this past January governing appraisals, escrow
The Consumer Financial Protection Bureau and payday lending examinations
- Squire Sanders
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- USA
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- May 31 2012
The Consumer Financial Protection Bureau (CFPB), created under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, has made payday lending a regulatory priority for 2012.
CFPB steps up enforcement of anti-discrimination laws
- Dykema Gossett PLLC
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- USA
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- May 7 2012
In keeping with its twin goals of protecting consumers and empowering them to be able to protect themselves, the Consumer Financial Protection Bureau (CFPB) put financial institutions on notice that it is stepping up enforcement of anti-discrimination laws.
CFPB enforcement actions will impact community banks
- Manatt Phelps & Phillips LLP
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- USA
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- January 10 2012
The Consumer Finance Protection Bureau’s full jurisdiction and enforcement authority has been launched by the appointment by President Obama of Richard Cordray as the CFPB’s first Director.
The Consumer Financial Protection Bureau, the controversial new regulator, begins with an aggressive enforcement settlement against a financial services company
- Cadwalader Wickersham & Taft LLP
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- USA
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- August 29 2012
On July 17, 2012, the Consumer Financial Protection Bureau (“CFPB”) reached a groundbreaking $165 million settlement with Capital One Bank (USA), N.A. (“Capital One”) in its first enforcement action, ordering Capital One, a credit card issuer, to refund $140 million to two million customers who purchased its credit card “add-on” products and to pay a $25 million fine into the CFPB’s Civil Penalty Fund.
Canning the CFPB? Challenges to the CFPB in the aftermath of the Canning Decision
- Winston & Strawn LLP
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- USA
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- February 21 2013
On January 24, 2013, a panel of three judges of the U.S. Court of Appeals for the District of Columbia Circuit, unanimously ruled that President