Subject to Inquiry

Subject to Inquiry

THE LATEST ON GOVERNMENT INQUIRIES AND ENFORCEMENT ACTIONS

Government Investigations and White Collar Litigation Group

Tag Archives: know before you owe

Compliance, Financial Institution Regulation

At Long Last, CFPB Issues Final Rule on Prepaid Accounts

The CFPB today finalized its rule on prepaid cards.  Over four years in the making, the final rule, which weighs in at nearly 1700 pages, provides “strong federal consumer protection for prepaid account users,” according to prepared remarks of CFPB Director Richard Cordray.  The final rule covers not only traditional “general purpose reloadable” cards, but… Continue Reading
Compliance, Financial Institution Regulation

CFPB Announces Plan to Promulgate Key Mortgage Disclosure Rule

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray recently informed several banking and other industry groups that the Bureau plans to introduce a proposed rule to address concerns related to CFPB mortgage disclosure requirements. In an April 21, 2016 letter to several key industry groups, Cordray stated that the CFPB received feedback on the Know… Continue Reading

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