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CFPB’s amendments to the “Escrows Final Rule” seek to maintain consumer protections applicable to higher-priced mortgage loans and to clarify the “rural” and “underserved” definitions

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • May 23 2013

The Consumer Financial Protection Bureau ("CFPB") recently issued a final rule clarifying the 2013 Escrows Final Rule issued by CFPB on January 10

CFPB zeroes in on payday loans

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • May 1 2013

During the past year, the CFPB has engaged in an in-depth review of short term and small dollar loans, specifically payday loans extended by

As the CFPB turnsand other consumer financial services news

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • April 25 2013

In this week's episode of As the CFPB Turns questions remain regarding Director(?) Richard Cordray's constitutional authority to act as the Director

New risks for indirect lenders

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • April 22 2013

Last month the Consumer Financial Protection Bureau announced that it will start holding banks accountable for the discriminatory actions of indirect

Hanging out to air: CFPB expands Consumer Complaint Database

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • April 10 2013

The Consumer Financial Protection Board (CFPB) recently expanded its existing Consumer Complaint Database to cover additional consumer financial

Negotiating the enforcement maze: a CFPB civil investigative demand

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • April 4 2013

The Consumer Financial Protection Bureau (CFPB or Bureau), through its Office of Enforcement, may conduct inquiries of institutions or persons to

Eased sanctions present new opportunities and risks

  • Foley & Lardner LLP
  • -
  • Libya, Myanmar, USA, Yemen
  • -
  • April 1 2013

The past two years have witnessed substantial changes in the scope and effect of U.S. economic sanctions. In most instances, such as Iran and Syria

The CFPB’s “Escrows Rule” exempts small creditors in rural or underserved counties from Escrow Requirements

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • March 14 2013

The Consumer Financial Protection Bureau's ("CFPB") Escrow Requirements under the Truth in Lending Act rule ("Escrows Rule") will go into effect on

FTC releases 2012 annual report of consumer complaints

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • March 11 2013

Consumer complaints are playing a big role in the Federal Government's identification of and investigations into violations of consumer protection

Penalties getting tougher for wayward financial institutions

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • February 25 2013

Senator Elizabeth Warren wants regulators to take more banks accused of financial misconduct to trial instead of settling with them before trial. But

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