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1071 Procedures for Applicant-Provided Data
By Diane Dean
| Jul 31, 2023
As you begin to think through your procedures for complying with Section 1071, you will obviously...
Section 1071 Applications
By Diane Dean
| Jul 11, 2023
Under the Section 1071 Rule, covered institutions will need to collect and report data on any...
CFPB Cracks Down on Chatbots
By Diane Dean
| Jun 30, 2023
The CFPB recently issued an “issue spotlight” to address concerns with the use of “chatbots”. It...
CFPB Updates HELOC Brochure
By Diane Dean
| Dec 22, 2022
The CFPB has updated its HELOC Brochure, What You Should Know About Home Equity Lines of Credit....
What’s a Consumer Report?
By Diane Dean
| Aug 29, 2022
The Fair Credit Reporting Act (FCRA) is concerned with a consumer’s rights in relation to their...
FDIC Guidance on Multiple Representment Fees
By Diane Dean
| Aug 22, 2022
By now, you’re likely well aware that the FDIC has been citing institutions when examiners do not...
CFPB to Hold 1071 “Technical Readiness” Session
By Diane Dean
| Aug 17, 2022
As you likely know, the Section 1071 Rulemaking will present a substantial challenge for many...
CFPB Issues Opinion on Consumer Reports
By Diane Dean
| Jul 13, 2022
The CFPB recently issued an Advisory Opinion on Permissible Purposes for Furnishing, Using, and...
Regulation V Adds Protections for Human Trafficking Victims
By Diane Dean
| Jun 30, 2022
The CFPB finalized amendments to Regulation V (Fair Credit Reporting) which allow victims of human ...