CFPB Moves To Regulate “Coerced Debt”

CFPB Moves To Regulate “Coerced Debt”

In July 2024, the CFPB noticed in the rulemaking agenda forthcoming rulemaking on “disputes including disputes pertaining to domestic violence and coerced debt,” something that the Bureau has not specifically noticed before. According to the abstract, The FCRA...
CFPB Moves To Regulate “Coerced Debt”

CFPB Rulemaking on Medical Debt

In June 2024, the CFPB unveiled its proposed rule on medical debt in credit reports.  The Bureau also released an unofficial redline of the proposed rule and a fast facts document. The comment deadline is August 11, 2024. The proposal was covered by a press release....
Director Chopra Appears Before House Committee

Director Chopra Appears Before House Committee

In June 2024, CFPB Director Rohit Chopra appeared before the U.S. House Financial Services Committee for his Semi-Annual Report of the Bureau of Consumer Financial Protection. In advance of the hearing, the committee staff issued a memorandum.
CFPB Moves To Regulate “Coerced Debt”

CFPB Launches Process to Recognize Open Banking Standards

In June 2024, the CPFB announced its final rules “outlining the qualifications to become a recognized industry standard setting body, which can issue standards that companies can use to help them comply with the CFPB’s upcoming Personal Financial Data Rights Rule....

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