November 2020 Articles – CFPB Journal

CFPB settles with Illinois debt collector

The Consumer Financial Protection Bureau settled with Afni, Inc., last week to address violations in providing information to consumer reporting agencies.

CFPB issues no-action letter to Bank of America

The Consumer Financial Protection Bureau has issued a no-action letter to Bank of America, N.A., for a proposed small-dollar credit product.

CFPB changes disclosure of records and debt collection rules

The Consumer Financial Protection Bureau finalized changes to its regulations regarding the disclosure of records and information. It also published a portion of its long-awaited Fair Debt Collection Practices Act rulemaking to modernize and clarify rules around third-party debt collection.