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In a recent interpretive rule announced on August 10, 2022,—and unveiled at a summit of the National Association of Attorneys General—the CFPB stated that digital marketers are subject to the CFPB's jurisdiction, and expressly warned that it may take enforcement action against these entities.
On July 27, 2022, the Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice (DOJ) announced that they reached a settlement with a nonbank residential mortgage lender to resolve...
The CFPB issued a Fair Lending Report in May of 2022 ("Report"), in which it provided updates on its involvement with ongoing litigation, including its amicus program.
In 2020, the CFPB blogged that Regulation B's flexibility can be compatible with AI algorithms, because "although a creditor must provide the specific reasons for an adverse action…
On May 26th, 2022, the Consumer Financial Protection Bureau ("CFPB") publisheda Consumer Financial Protection Circular(the "Circular"), confirming that creditors must provide specific reasons for taking adverse action...