A&B ABstract On June 16th, the Consumer Financial Protection Bureau ("CFPB" or "Bureau") issued a Compliance Aid titled "Consumer Reporting FAQs Related to the CARES Act and COVID-19 Pandemic." This Compliance Aid clarifies the Bureau’s April … [Continue reading] about CFPB Issues CARES Act Consumer Reporting FAQs
A&B Abstract: On June 18, 2020, the Consumer Financial Protection Bureau (“Bureau”) announced the launch of a pilot advisory opinion program (“Pilot Program”) to publicly address regulatory uncertainty in the Bureau’s existing regulations. … [Continue reading] about CFPB Seeks Public Comment on the Advisory Opinion Program
As Alston & Bird is pausing today for a “Day of Learning and Reflection” in observation of Juneteenth, Chairman and Managing Partner Richard Hays posted an open letter regarding recent events, and how Alston & Bird can spur lasting and … [Continue reading] about An Open Letter from Richard Hays, Chairman and Managing Partner, Alston & Bird
A&B Abstract: As we have previously reported, effective August 3 the Office of the Comptroller of the Currency’s (“OCC”) has issued a final rule affirming the “valid-when-made” doctrine while dismissing the Second Circuit decision in Madden v. … [Continue reading] about Colorado Court Rejects “Valid When Made” Doctrine
A&B ABstract: On June 15, Alston & Bird partners Nanci Weissgold and Brian Johnson hosted Dr. Mark A. Calabria, Director of the Federal Housing Finance Agency, and Kathy Kraninger, Director of the Consumer Financial Protection … [Continue reading] about Alston & Bird Hosts Calabria, Kraninger to Discuss COVID-19 Challenges