Employers Must Use Revised FCRA Forms
For employers performing backgroundchecks, the standard notices that employers routinely use to fulfill their obligations under the Fair Credit Reporting Act (FCRA) have been revised by the Consumer...
View ArticleCongress Eliminates ATM Fee Notice Requirements And Provides Protection For...
Congress has finally acted to address two issues that we have addressed in past issues of this Update. One issue we have addressed in the past that has impacted many banks involved frivolous class...
View ArticleBanks in Many Nebraska, Iowa Counties Qualify for Exceptions under New...
A preliminary list of rural and underserved counties released this month by the CFPB shows that many community banks that predominantly operate in rural counties in Nebraska and Iowa will qualify for...
View ArticleFDIC/OCC Issue Proposed Guidance on Deposit Advance Products
On April 24, 2013, the CFPB released a white paper of initial data findings regarding a study the CFPB conducted into payday loans and deposit advance products.1 Based on its findings, the CFPB...
View ArticleCFPB Issues New Guidance On Debt Collection Practices
The Consumer Financial Protection Bureau ("CFPB") has issued two new bulletins designed to provide guidance on what conduct by creditors and debt buyers (collectively, "debt owners") and debt...
View ArticleCFPB Exercises Authority to Censure “Abusive” Practices; More Enforcement...
The Consumer Federal Protection Bureau (CFPB) recently settled an abusive practices enforcement action with American Debt Settlement Solutions, Inc. (ADSS), a Florida for-profit corporation. The...
View ArticleBanking: 2013 Nebraska and Iowa Legislative Updates
During the 2013 legislative sessions, both Nebraska and Iowa enacted several pieces of legislation that could affect banks and their customers. This article provides brief summaries of several pieces...
View ArticleCFPB Bulletin Admonishes Banks and Other Furnishers to Review FCRA...
The Consumer Financial Protection Bureau ("CFPB") recently issued a bulletin on the Fair Credit Reporting Act's ("FCRA") requirement that furnishers of credit information investigate disputes and...
View ArticleCFPB Report Emphasizes Focus on Compliance, Mortgage Servicing and Fair Lending
The CFPB's latest "Supervisory Highlights" Report provides some useful information relating to the regulator's recent supervisory actions and highlights areas of focus related to compliance management...
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