James K. Williams
Mayer Brown
Articles
2020 CFPB Student Loan Ombudsman’s Report Shows Significant Trend of Declining Consumer Complaints
USA - November 3 2020 On October 28, 2020, the CFPB’s Private Education Loan Ombudsman published its annual report on student loans, as required by the Dodd-Frank Act…
CFPB Replaces Cordray-Era MSA Guidance with New RESPA Section 8 FAQs
USA - October 13 2020 The Real Estate Settlement Procedures Act (“RESPA”) in general, and Section 8 of RESPA in particular, are ambiguous. Compliance often turns on the…
Key Insights From First US Public Redlining Action Against a Non-Bank Lender
USA - July 22 2020 On July 15, 2020, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) filed a lawsuit against Townstone Financial, Inc. (“Townstone” or the…
Permissible Purpose & the FCRA - CFPB Reaches Settlement For Use of Consumer Reports to Market Debt Settlement Services
USA - May 20 2020 On May 14, 2020, the Consumer Financial Protection Bureau (“CFPB”) filed a proposed stipulated final judgment and order (the “Order”) against Chou…
Virginia Enacts One of the Broadest Student Loan Servicer Licensing Laws
USA - May 13 2020 After a number of failed efforts and amid the COVID-19 national emergency, Virginia enacted a law that requires student loan servicers to obtain a…
