Published: August 3, 2012
Tags: Bankruptcy Code, CFPB, Consumer Financial Protection Bureau, Department of Education, Dodd-Frank Wall Street Reform and Consumer Protection Act, federal loans, student loan debt, student loans, TILA, Truth in Lending Act
A new federal study recommends changes in consumer protection and bankruptcy law to provide relief for those Americans saddled with a share of the country’s $1 trillion in student loan debt, largely blaming private lenders for the problem.
WASHINGTON – In its first ever civil enforcement action, the Consumer Financial Protection Bureau has charged a law firm with bilking clients who sought help with their mortgage payment plans to avoid losing their homes.
WASHINGTON – In an extension of its “Know Before You Owe” mortgage project, the Consumer Financial Protection Bureau has proposed new requirements for mortgage disclosure forms.
Published: June 22, 2012
Tags: Competitive Enterprise Institute, Consumer Financial Protection Bureau, Dodd-Frank Wall Street Reform and Consumer Protection Act, federal court
WASHINGTON – Several organizations have filed a federal lawsuit challenging the constitutionality of the provisions of the Dodd-Frank financial reform law that created a consumer watchdog agency with broad authority to regulate mortgages, credit cards and other consumer financial products from banks and nonbanks.
Published: May 9, 2012
Tags: Congress, Consumer Financial Protection Bureau, consumer protection, credit reporting agencies, Department of Justice, Fair Credit Reporting Act, Federal Trade Commission, Supremem Court
WASHINGTON – In a joint brief filed in a Pennsylvania district court case challenging the Fair Credit Reporting Act, three federal agencies have urged the court to find the law constitutional.
WASHINGTON – The Consumer Financial Protection Bureau wants to know what you think about arbitration clauses.
The Bureau kicked off an effort to study the effects of arbitration clauses in credit card agreements, mortgage contracts and other financial products by opening public comment on the issue.
WASHINGTON – The American Bar Association is objecting to language in a proposed rule from the Consumer Financial Protection Bureau governing confidential treatment of information obtained from persons in connection with the exercise of the agency’s authority.
WASHINGTON – The American Bar Association is urging Congressional lawmakers to adopt legislation that would establish a standard for the treatment of privileged information by federal financial agencies, including the Consumer Financial Protection Bureau.
The new federal consumer protection bureau has proposed a rule that would place large-scale debt collectors and consumer reporting agencies under its “nonbank” supervision program.
WASHINGTON – Lawsuits challenging the validity of President Barack Obama’s recess appointments to two major federal agencies have cast a cloud of uncertainty over opinions and regulations being handed down and could result in years of additional litigation that will harm American businesses, lawmakers and attorneys warn.