by Eric J. Ellman | Nov 9, 2023
In November 2023, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, held a conference call outlining concerns that service members and their families are not receiving the credit report protections required by...
by Eric J. Ellman | Oct 12, 2023
In October 2023, the CFPB announced that it and the FTC took action against TransUnion. The FTC issued a release with a similar announcement. Resources: TransUnion Rental Screening Solutions, Inc. and Trans Union LLC page Complaint (October 2023) Proposed Stipulated...
by Eric J. Ellman | Dec 16, 2022
In December 2022, the U.S. Senate Banking Committee held a hearing, The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress. For the hearing, there was Chairman Brown’s written statement, Ranking Member Toomey’s written statement, and Director...
by Eric J. Ellman | Oct 24, 2021
Congress passed the Military Lending Act (MLA) in 2006. This Act, and the regulations under the Act, are intended to protect active duty members of the military, their spouses, and their dependents from certain lending practices. The act is codified at 10 U.S. Code §...
by Eric J. Ellman | Mar 24, 2021
The CFPB issued its Consumer Response Annual Report for 2020 with a covering press release. The release noted that “the impact of the COVID-19 pandemic on the consumer financial marketplace is reflected in the increase of complaints submitted to the CFPB. The...
