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In a series of statements in early-2021, David Uejio, the acting director of the CFPB, issued several vision statements for the...
In February 2020, the CFPB held a symposium on Consumer Access to Financial Records. Later that year, in October 2020, the...
CFPB Director Kathy Kraninger posted a blog, Bureau takes additional steps to foster an inclusive financial system announcing a new statement,...
On January 5, 2020, the CFPB’s Task Force on Federal Consumer Financial Law issued its report “with recommendations on how to improve consumer protection in the financial marketplace.”
In January 2021, CDIA filed a comment in response to five federal financial regulatory agencies’ announcement of an Advance Notice of...
In August 2020, the CFPB issued a report, The Early Effects of the COVID-19 Pandemic on Consumer Credit. The Bureau also issued this press release covering the report.
In August 2020, the CFPB issued a report, The Early Effects of the COVID-19 Pandemic on Consumer Credit. The Bureau also issued a press release covering the report.
On July 7, 2020, the CFPB put out an Innovation Spotlight blog, Providing adverse action notices when using AI/ML models. The posting notes that one area of innovation the CFPB is “monitoring is artificial intelligence (AI), and particularly a subset of AI, machine learning (ML). For example, in 2017, the Bureau issued a Request for Information Regarding Use of Alternative Data and Modeling Techniques in the Credit Process (RFI).
On July 7, 2020, the CFPB put out an Innovation Spotlight blog, Providing adverse action notices when using AI/ML models.
In July 2020, the CFPB announced a new report, Financially Fit? Comparing the credit records of young servicemembers and civilians, and published a web page summarizing the report.
On June 19, 2020, CFPB Director, Kathy Kraninger addressed CDIA members and financial institutions at a virtual event hosted by CDIA.
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.
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...
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.
The CFPB released its latest fair lending report, Protecting consumers and encouraging innovation: 2019 Fair Lending Report to Congress with a covering blog posting.