Tag Archives: CFPB

RMAI Opposes Delay of Regulation F

RMA International sees no reason the effective date of Regulation F — the Consumer Financial Protection Bureau’s debt collection rule — needs to be delayed for 60 days as proposed by the regulatory, because its members will be ready to comply with the rule on November 30, as originally proposed. …

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CFPB Sued Over FDCPA Eviction Rule

The Consumer Financial Protection Bureau is being sued over an interim final rule it issued saying that collectors may face prosecution under the Fair Debt Collection Practices Act for not providing written notices to individuals being evicted, with plaintiffs claiming their First Amendment rights under the Constitution are being violated …

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CFPB Publishes County-by-County Breakdown of Consumer Complaints

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There appears to be a racial component to consumer complaints filed with the Consumer Financial Protection Bureau, according to data released yesterday by the regulator, including complaints related to debt collection. Overall, consumers living in counties with the highest percentage of minority populations submitted four times as many complaints as …

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Bill Introduced to Curb Salaries at CFPB

A bill has been introduced in the Senate that seeks to “increase accountability” at the Consumer Financial Protection Bureau by aligning the pay of its employees with that of other employees working in the federal government. S.1227, The CFPB Pay Fairness Act of 2021 was introduced by Sen. John Kennedy …

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CFPB Issues NPRM Seeking to Halt Foreclosures Until 2022

The Consumer Financial Protection Bureau yesterday issued a Notice of Proposed Rulemaking (NPRM) that would prohibit mortgage servicers from starting foreclosure proceedings until 2022 while also providing servicers with the ability to offer streamlined loan modification options to homeowners who have been impacted by the COVID-19 pandemic. The NPRM follows …

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CDC Extend Eviction Ban; CFPB & FTC Directors Vow Crackdown

On the day that the Centers for Disease Control and Prevention extended an eviction moratorium until June 30, the acting directors of the Consumer Financial Protection Bureau and the Federal Trade Commission issued a joint statement saying that they will use the Fair Debt Collection Practices Act to ensure that …

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