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CFPB Bites of the Month - April Top 10 | Hudson Cook, LLP

Each month, we host a 30-minute
webinar outlining the month s key announcements and takeaways from the Consumer Financial Protection Bureau (CFPB) for financial services providers to consider. In this month s article, we share some of our top bites covered during the April 21 webinar.
So what happened at the CFPB in the past month?
Bite #10 - The CFPB submitted its FDCPA report to Congress and took various FDCPA enforcement actions
The CFPB released the 2020 annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA). Among other highlights, the report notes the following CFPB accomplishments:
Identified several issues that raise the risk of consumer harm during the COVID-19 pandemic through its supervisory Prioritized Assessments; ....

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CFPB releases 2020 fair lending report

CFPB releases 2020 fair lending report
cuinsight.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cuinsight.com Daily Mail and Mail on Sunday newspapers.

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CFPB Taskforce Report (Part 2): The 19 Focus Areas and 102 Recommendations of Volume 2

CFPB Taskforce Report (Part 2): The 19 Focus Areas and 102 Recommendations of Volume 2
Published on:
7 January 2021 at 11:00 a.m. ET
Jan. 7, 2021, 11 a.m.
March 5, 2021, 9:56 p.m.
insideARM.com
The iA Institute
http://www.insidearm.com/news/00046966-cfpb-taskforce-report-part-2-19-focus-are/
Editor s Note: Read Part 1, A Deep Dive Into the 4 Main Debt Collection-Related Topics of Volume 1,
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to the CFPB, not mandates or recommendations
from, (although they may become mandates at some point in the future if acted on by the Bureau s director).
Alternative Data
The Taskforce is interested but worried.
Alternative Data are pieces of consumer information not traditionally incorporated into a consumer s credit report: rent payments, for example, or utility bill payments. Deepening the pool of information available to creditors can help both the creditor and the consumer. So, as far ....

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Riyadh labeled a top fintech ecosystem to watch by 2020 report

RIYADH: In its 2020 global report, research organization Startup Genome named Riyadh as one of the top 20 cities to watch for its achievements in financial technology (fintech).
The firm analyzed dozens of countries across the globe based on factors including funding, exits, talent and focus, as well as the impact of ecosystem players such as policymakers and founders.
Bahrain and Riyadh were the only two locations in the Gulf Cooperation Council to be included in the report. The top five fintech locations globally were named as Silicone Valley, New York, London, Singapore and Beijing.
The report highlighted some factors as to why the Saudi capital enjoys a strong fintech ecosystem and is one of the top cities to watch within the sector. ....

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