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Inside the CFPB
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CFPB Declines to Stay $51M Order Against Payday Lender

March 29, 2021
Lisa Burden
The agency has granted the now-defunct Integrity Advance 30 days to seek a stay from the U.S. Court of Appeals for the 10th Circuit.
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CFPB Submits FDCPA Annual Report to Congress

March 29, 2021
Lisa Burden
The bureau brought four public enforcement actions last year for alleged violations of the Fair Debt Collection Practices Act.
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Other News in Brief

March 29, 2021
Lisa Burden
The CFPB issues a civil investigative demand to Oportun Financial Corp; California’s DFPI reiterates “aggressive” enforcement stance.
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Senate Committee Split 12-12 on Chopra’s CFPB Nomination

March 15, 2021
Lisa Burden
Although Rohit Chopra is widely expected to be confirmed as CFPB chief, Republican opposition to his nomination is showing surprising strength.
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Court Rules Navient Violated Consumer Protection Law

March 15, 2021
Lisa Burden
A Washington state court found that student loan servicer Navient deceived borrowers, parents and others who put their credit on the line about how its co-signer release program works.
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CFPB’s Proposed QM Rulemaking Lacks Details

March 15, 2021
Lisa Burden
The proposed rulemaking only addresses the question of whether it would be appropriate in light of the effects of the pandemic to allow creditors to continue making QMs under the debt-to-income ratio rule.
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CFPB Issues Interpretive Rule on Bias Against Sexual Orientation

March 15, 2021
Lisa Burden
The bureau has clarified that prohibitions against discrimination found in the Equal Credit Opportunity Act and Regulation B include bias against sexual orientation and gender identity.
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Other News in Brief

March 15, 2021
Lisa Burden
The CFPB sues payment processor; new reverse mortgage guide released; annual CFPB employee survey results.
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CFPB Delays QM Rule Start Date, Creating Uncertainty

March 1, 2021
Lisa Burden
Even though the delay was more or less expected, industry watchers said the CFPB’s plan to reconsider the revised general QM final rule throws the industry deep into regulatory uncertainty.
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Data Aggregators Are Asking to Be Supervised by the CFPB

March 1, 2021
Lisa Burden
The Financial Data and Technology Association believes this is the best way to address companies’ concerns regarding third-party supervision issues associated with financial data access.
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