On July 28, 2016, the Consumer Financial Protection Bureau (the “CFPB”), under the authority granted to it by the Dodd-Frank Act, published its outline of proposals for revisions to the Fair Debt Collections Practices Act (“FDCPA”). The proposals, if enacted, would apply to …
CFPB and Regulators Issue Guidance on Consumer Deposit Account Discrepancies
On May 18, 2016, the federal financial institutions regulatory agencies—the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration and the Consumer Financial Protection Bureau—served official …