Tag : Regulatory Updates

Mortgage Broker and FTC Settle Over Yelp Reviews

On January 7th, the FTC, acting in a complaint filed by the Department of Justice, alleged that a California mortgage broker violated federal law by posting its borrowers’ personal financial information on Yelp.

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CFPB Publishes 2020 Rulemaking Agenda

On November 22, the CFPB released its list of regulatory matters that it “reasonably anticipates having under consideration during the period from October 1, 2019 to September 30, 2020.”

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CFPB Requests Public Comment on The Assessment of TRID

On November 20th, 2019, the CFPB announced its intent to publish an assessment report – no later than October 3, 2020 – on the effectiveness of the TRID Rule, which has been in effect since October 3, 2015.

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CFPB Announces Federal Consumer Financial Law Task Force

On October 11, the CFPB announced a new task force to harmonize and modernize federal consumer financial laws.

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CFPB Announces Enhancements to Consumer Complaint Database

On September 18th, the CFPB announced changes to its public consumer complaint database.

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CFPB Releases Qualified Mortgage ANPR

On July 25th, the CFPB issued an Advance Notice of Proposed Rulemaking (ANPR) requesting input on the so-called ‘GSE Patch.’

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FTC Proposes Additional Requirements to GLBA Safeguards Rule

In March, the FTC published a notice of proposed rule-making requesting public comment on the addition of specific policy, process and technical requirements to the Gramm-Leach-Bliley (‘GLBA’) Safeguards Rule (the ‘Rule’).

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Auto Lenders Beware: State Regulatory Enforcers Step In Where Federal Enforcers Back Off

Auto lenders should guard against complacency engendered by the Trump Administration’s noticeable easing of regulatory enforcement, rules, and regulations. 

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District of Columbia Legislative Update

DISTRICT OF COLUMBIA L22-0189   The Council of the District of Columbia recently enacted the Revised Uniform Law on Notarial Acts Act of 2018 (“Act”), effective December 4, 2018.   “Acknowledgment” means a declaration by an individual that states the...

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Why Dodd-Frank Reforms Are Good For Business

On May 24, the first major financial institution bill with substantial bipartisan support in more than ten years was signed into effect by President Donald Trump. Known as The Federal Economic Growth, Regulatory Relief, and Consumer Protection Act (“Act”), it recognized that the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) must be amended.

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