The number of enforcement actions by the Consumer Financial Protection Bureau (CFPB) more than doubled from 2019 to 2020. The CFPB made clear that cracking down on deceptive and unfair acts and practices under the Consumer Financial Protection Act of … [Continue reading] about CFPB Brings Action Against Connecticut Mortgage Lender
CFPB Issues Statement Encouraging Work with LEP Consumers
A&B ABstract: On January 13, 2021, the Consumer Financial Protection Bureau (“CFPB”) issued a Statement encouraging financial institutions to expand access to financial products and services for consumers with limited English proficiency … [Continue reading] about CFPB Issues Statement Encouraging Work with LEP Consumers
CFPB, NCUA Sign MOU Regarding Cooperation
The Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration (NCUA) have signed a Memorandum of Understanding (MOU) to facilitate and improve coordination between the agencies. The CFPB and NCUA have overlapping … [Continue reading] about CFPB, NCUA Sign MOU Regarding Cooperation
Federal Court Dismisses Lawsuit Challenging Minnesota Eviction Moratorium
A&B ABstract: A federal district court dismissed a lawsuit filed by two landlords who sought to invalidate the Governor of Minnesota’s moratorium on evicting residential tenants for failure to pay rent during the pandemic. The … [Continue reading] about Federal Court Dismisses Lawsuit Challenging Minnesota Eviction Moratorium
CFPB Issues “Seasoned Qualified Mortgage” Rule
A&B ABstract: On December 10, 2020, the Consumer Financial Protection Bureau (CFPB) issued an innovative final rulemaking that creates a pathway to “safe harbor” Qualified Mortgage (QM) status for performing non-QM and “rebuttable … [Continue reading] about CFPB Issues “Seasoned Qualified Mortgage” Rule