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Financial Services Perspectives Blog

Articles: 1-10 of 371

Bradley’s Bankruptcy Basics: Automatic Stay and Discharge Injunction Violations

USA - January 25 2022 The automatic stay is immediately effective when a debtor files a petition for bankruptcy relief. The scope of the automatic stay is broad. The stay…

Of Cars and Dwellings: Supreme Court of Wisconsin Expands the Meaning of “Dwelling,” Jeopardizing Vehicle Repossessions in the State

USA - January 25 2022 As the New Year turns the page, the Supreme Court of Wisconsin, in Duncan v. Asset Recovery Specialists, Inc., held that a repo agency violated the…

CFPB Fall Supervisory Highlights Shed Light on Agency Priorities - Fair Lending

USA - January 24 2022 As 2021 came to an end, the Consumer Financial Protection Bureau (CFPB) released its 2021 Fall Supervisory Highlights, which cover the CFPB’s…

CFPB Fall Supervisory Highlights Shed Light on Agency Priorities - Mortgage Servicing Loss Mitigation Violations

USA - January 5 2022 The COVID-19 pandemic has been a focal point for the Consumer Financial Protection Bureau (CFPB) - especially with regard to mortgage servicers and…

Bradley’s Bankruptcy Basics: Automatic Stay Considerations When Businesses File for Bankruptcy

USA - January 4 2022 The automatic stay is a procedural tool in a bankruptcy case that effectively halts efforts by creditors to collect on a debtor’s outstanding…

Does Bankruptcy Rule 3002.1’s Remedy Provision Apply for Filings with Inaccurate Information?

USA - December 28 2021 Federal Rule of Bankruptcy Rule 3002.1 went into effect December 1, 2011. It was implemented to address a perceived problem in “cure and maintain”…

CFPB Fall Supervisory Highlights Shed Light on Agency Priorities - Small Dollar Lending

USA - December 22 2021 The Fall Supervisory Highlights came out this month and reports the Bureau’s findings of Examinations completed between January 2021 and June 2021…

CFPB Sets Sight On “Buy Now Pay Later” in Targeted Inquiries

USA - December 21 2021 On December 16, the CFPB announced that it had issued orders to five companies providing “Buy Now Pay Later” (BNPL) products to “collect information…

Servicers That Fail to Prepare, Prepare to Fail, Warns NY AG

USA - December 20 2021 In a December 13, 2021 letter to servicers, New York Attorney General Letitia James reminded servicers of their continuing obligations to assist New…

FEMA to Issue New Homeowner Flood Form

USA - December 16 2021 For the first time in more than 20 years, FEMA has announced plans to make changes to its Standard Flood Insurance Policy (SFIP). Under the proposal…