Share
Over the last week, the Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) has sharpened its focus on the mortgage servicing industry. Knowing that millions of mortgage borrowers will exit COVID-19 moratoriums and forbearance plans in the fall, the Bureau first issued a compliance bulletin putting servicers on notice that it will use all supervisory and enforcement tools against those not ready to process loss mitigation requests from these borrowers. The CFPB followed by issuing a proposed rule that would amend the Real Estate Settlement Procedures Act (RESPA) Regulation X so as to prevent “avoidable foreclosures” on this borrower cohort.
Share this article
Share this article
WILMINGTON, N.C., April 12, 2021 /PRNewswire/ Proving your COVID-19 vaccination status may be one of the easiest ways to return to school, clinical rotations, and everyday life as many colleges and universities across the country implement vaccine mandates. But what happens to the millions of Americans who can t receive the vaccine? To those with underlying medical complications or closely held religious and philosophical beliefs who are unable to be vaccinated?
The CastleBranch Real Vaccination ID COVID-19 Waiver Card provides validated physical and digital proof of an individual’s legally permissible waiver status.
To help these students, faculty and staff safely and responsibly communicate their status, CastleBranch has created the Real Vaccination ID COVID-19 Waiver Card, a driver s license-sized card that provides validated physical and digital proof of an individual s legally permissible waiver status. The offering builds upon the c
Weekly Fintech Focus
Federal financial regulators issue an RFI to better understand financial institution usage of AI models and its implications on current regulations.
CFPB rescinds policy statements that provided regulatory flexibility in response to pandemic challenges.
National Futures Association issues regulatory outsourcing guidance.
Lina Kahn announced as nominee for FTC commissioner position.
FinCEN Director meets with a number of groups to discuss SAR filing.
Prepared Remarks of FinCEN Director delivered at the Florida International Bankers Association AML Compliance Conference
CFPB faced many more consumer complaints in 2020 than in the past.
CSBS working with a number of states to develop a single fintech exam.
Friday, April 9, 2021
Changes to Philadelphia law will further restrict employers’ use and reliance on applicant, current employee, and independent contractor background information and affect the employee application and employee management process.
Amendments to Philadelphia’s Unlawful Credit Screening Practices in Employment ordinance and Fair Criminal Record Screenings Standards ordinance (FCRSS), commonly referred to as the “Ban the Box” regulation, took effect March 21, 2021, and April 1, 2021, respectively. The regulations supplement the governing requirements of the federal Fair Credit Reporting Act (FCRA) and Pennsylvania’s Criminal History Record Information Act (CHRIA).
Changes to Unlawful Credit Screening Practices in Employment
Bill No. 200614 amends the Unlawful Credit Screening Practices in Employment ordinance to clarify that Philadelphia employers following the FCRA’s adverse action regulations are also in compliance Philadelphia requiremen
To embed, copy and paste the code into your website or blog:
The United States Supreme Court has repeatedly declined to resolve a question that has sharply divided the Circuits: whether a class may be certified even though it contains uninjured members.
See e.g.,
Tyson Foods, Inc. v. Bouaphakeo et.al
., 136 S. Ct. 1036, 1050 (2016). On March 30, 2021, the Supreme Court heard argument on related issues in
TransUnion LLC v. Ramirez, No. 20-297, a case with potentially significant implications for parties embroiled in class action lawsuits.
The question certified by the Supreme Court was: “Whether either Article III or Federal Rule of Civil Procedure 23 permits a damages class action when the vast majority of the class suffered no actual injury, let alone an injury anything like what the class representative suffered.”