In: Consumer Financial Protection Bureau (CFPB)
On June 19, 2020, CFPB Director, Kathy Kraninger addressed CDIA members and financial institutions at a virtual event hosted by CDIA.
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In June 2020, CDIA filed a comment with the Taskforce on Federal Consumer Financial Law in response to its March 2020 Request for Information to Assist the Taskforce on Federal Consumer Financial Law.
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On May 22, 2020, U.S. Sen. Tim Scott (R-SC) led a letter signed by several members of the Senate Banking Committee, including Chairman…
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In May 2020, CDIA wrote to the CFPB and FTC asking for the Bureau and Commission to support an emergency interim final rule for public records reinvestigations affected by court closures and delays, as proposed by the Professional Background Screening Association (“PBSA”) in an April 15, 2020 letter.
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The CFPB released its latest fair lending report, Protecting consumers and encouraging innovation: 2019 Fair Lending Report to Congress with a covering blog posting.
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The CFPB released its latest fair lending report, Protecting consumers and encouraging innovation: 2019 Fair Lending Report to Congress with a covering blog posting. Of note is a section, Innovations in access to credit with a subsection on “providing adverse action notices when using artificial intelligence and machine learning models.”
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On April 1, 2020, the CFPB issued a Policy Statement that outlines the responsibility of credit reporting companies and furnishers during the COVID-19 pandemic.
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On April 1, 2020, the CFPB issued a Policy Statement that outlines the responsibility of credit reporting companies and furnishers during the COVID-19 pandemic.
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On March 27, 2020, the CFPB issued a request for information to assist the Taskforce on Federal Consumer Financial Law (Taskforce) with recommendations on harmonizing, modernizing, and updating the federal consumer financial laws.
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In December 2019, the CFPB issued a report, A new retrospective on the removal of public records. This is another in a series of quarterly consumer credit trends.
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