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CFPB Report Flags Consumer Reporting, Loan Servicer Issues

CFPB Report Flags Consumer Reporting, Loan Servicer Issues
law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.

CFPB Electronic Fund Transfers FAQs Released

Consumer Law Hinsights - March 2021 | Hinshaw & Culbertson - Consumer Law Hinsights

TransUnion v. Ramirez FCRA Class Certifications Case The Supreme Court of the United States conducted oral argument in the TransUnion v. Ramirez case yesterday. Hinshaw published a review of oral argument in today s ACA Daily newsletter, along with an overview of the issues at stake. We anticipate the court will issue its ruling before Independence Day. Third Circuit Says Law Firm s Consumer Call-Back Letter Was Not Deceptive Earlier this month, the Third Circuit found that the language If you wish to eliminate further collection action, please contact us at 800-832-7675 ext. 8500 was not a violation of the Fair Debt Collection Practices Act (FDCPA). The plaintiff in the matter represented a class of individuals who received a collection letter with the cited language and claimed that the language implied that a phone call would suffice for actions required by the FDCPA to be in writing. Specifically, the rule requires that a debtor provides written notice to the debt collecto

COVID, Year Two: A Look at Mortgage Relief, Regulatory Scrutiny, and the Road Ahead | Davis Wright Tremaine LLP

To embed, copy and paste the code into your website or blog: March 13, 2021, marked the one-year anniversary of President Trump s declaring COVID-19 a national emergency. Through the CARES Act, agency action and guidance, and various state laws and executive orders, governments across jurisdictions acted quickly to provide mortgage relief to homeowners at risk of default. Even with all that regulatory and legislative might brought to bear, the inability of homeowners to pay their mortgages remains widespread and a focus of lawmakers. The Mortgage Bankers Association (MBA) reported that 5.14 percent of mortgage loans, representing 2.6 million homeowners, were in forbearance as of March 7, 2021.

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