Consumer Financial Services Law Blog
Dykema Gossett PLLC
Dykema Gossett PLLC

Consumer Financial Services Law Blog

Consumer Financial Services Law Blog

News and analysis regarding Consumer Financial Services litigation and regulation, and activities of the Consumer Financial Protection Bureau


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Showing 5 posts in Rules and Regulations.

Are you ready for NMLS renewal?

The NMLS renewal window opens this Saturday, November 1st.  Are you ready to submit your renewal requests?  Here are some things to keep in mind: Read More ›

Proposed Legislation Would Require CFPB to Create An Advisory Board for Small Financial Services Companies

On April 3, 2014, the Bureau of Consumer Financial Protection Small Business Advisory Board Act was introduced into the U.S. House of Representatives.    The bill would require the Consumer Financial Protection Bureau (CFPB) to create an advisory panel of small financial services companies.  The bill would further require the CFPB to meet regularly with small-business owners that work in the consumer finance industry and must comply with the CFPB’s regulations.  Read More ›

CFPB Announces Potential Changes in Home Mortgage Disclosure Act Data Collection

On February 7, 2014, the Consumer Financial Protection Bureau (CFPB) announced that it will consider changes to improve data collection under the Home Mortgage Disclosure Act (HMDA), which was enacted in 1975 to gather information on whether financial institutions were serving the housing needs of their communities and providing access to residential mortgage credit. Read More ›

CFPB Issues Advance Notice of Proposed Rulemaking Concerning the Collection of Consumer Debt

The Consumer Financial Protection Bureau (CFPB) intends to promulgate rules governing the collection of consumer debt.  On November 6, 2013, the CFPB issued an Advance Notice of Proposed Rulemaking (ANPR) in which it indicates that “the Bureau is interested in learning through responses to this advance notice of proposed rulemaking (ANPR) about the debt collection system, about consumer experiences with the debt collection system, and about how rules for debt collectors might protect consumers without imposing unnecessary burdens on industry.”  Read More ›

CFPB Releases Bulletin and Interim Final Rule Clarifying its Mortgage Servicing Regulations

On October 15, the Consumer Financial Protection Bureau released a bulletin and interim final rule concerning mortgage servicing regulations that take effect in January 2014.  The bulletin and interim final rule seek to clarify outstanding issues related to servicing. Read More ›