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Consumer Financial Services Review Blog

Articles: 11-20 of 244

FHFA’s Strategic Plan Reflects the Agency’s Increased Focus on Fair Lending

USA - March 18 2022 The U.S. Federal Housing Finance Agency’s (“FHFA”) draft strategic plan, which we discussed in an earlier post, sets forth FHFA’s goals and objectives…

FHFA’s Strategic Plan Adds Focus on Climate Change

USA - March 17 2022 On February 9, 2022, the U.S. Federal Housing Finance Agency (“FHFA”) released its Draft FHFA Strategic Plan: Fiscal Years 2022-2026 (the “2022…

CFPB Announces It Will Seek to Extend ECOA-Like Antidiscrimination Provisions Broadly to All Consumer Finance Activities

USA - March 17 2022 In an extraordinary announcement yesterday, the US Consumer Financial Protection Bureau (CFPB or Bureau) unveiled a broad expansion of its supervisory…

CFPB Issues Revised Administrative Litigation Procedures, Signaling Possible Increase in In-House Adjudications

USA - February 24 2022 The Consumer Financial Protection Bureau (CFPB) can sue companies in federal court or in its in-house administrative proceedings. Although the CFPB…

Court Dismisses Challenge to CFPB Payday Rule Repeal

USA - January 18 2022 A district court has dismissed a challenge to the Consumer Financial Protection Bureau’s (“CFPB”) repeal of the underwriting provisions of its 2017…

FHFA Releases Statement on Climate Change

USA - December 31 2021 Climate change is a serious threat to the US housing finance system. That is the conclusion reached by the Federal Housing Finance Agency (“FHFA”) in…

CFPB Wins Reversal of Dismissal - And Key Ruling on Securitization Trusts

USA - December 16 2021 Earlier this week, the Consumer Financial Protection Bureau (“CFPB”) won an important court ruling in a long-running case against student loan…

First CFPB Supervisory Highlights Issued Under Director Chopra Cites “Wide-Ranging Violations of Law”

USA - December 10 2021 Earlier this week, the Consumer Financial Protection Bureau released the Fall 2021 edition of its Supervisory Highlights (“Supervisory Highlights” or…

HUD Publishes Guidance Concluding that SPCPs Are Permissible under the Fair Housing Act

USA - December 9 2021 Earlier this week, the U.S. Department of Housing and Urban Development (HUD)’s Office of General Counsel (OGC) published guidance on the Fair Housing…

Credit Reporting in the Crosshairs?

USA - November 16 2021 Recent developments indicate that credit reporting concerns are likely to be at the forefront of the CFPB’s agenda in the coming months. Last month…