by Eric J. Ellman | Oct 13, 2023
In August 2023, NCLC petitioned the CPFB for rulemaking under the Real Estate Settlement Procedures Act (RESPA). The National Consumer Law Center is requesting that the Bureau modify the mortgage servicing rules in Regulation X, 12 C.F.R. Part 1024, to provide...
by Eric J. Ellman | May 26, 2022
All, In a blog post in May 2022, the CFPB (John McNamara) wrote that CFPB Research uncovered that only about half of the largest credit card companies contribute data to credit reporting companies about the exact monthly payment amounts made by borrowers. It also...
by Eric J. Ellman | Nov 5, 2021
In November 2021, CDIA wrote a letter to Sens. Jack Reed (D-RI) and James Inhofe (R-OK), the chair and ranking member, respectively, of the Senate Armed Services Committee. The letter objects to two provisions in the FY 2022 National Defense Authorization Act (NDAA),...
by Eric J. Ellman | Jan 28, 2021
During the COVID-19 pandemic, the U.K. Financial Conduct Authority (FCA) issued a statement in July 2020 that reversed a temporary suspension of credit reporting. The FCRA said that “normal credit reporting should resume” to ensure that the “longer-term integrity and...
