In its last hearing of the 117th Congress Wednesday, the House Financial Services Committee (HFSC) reviewed the Consumer Financial Protection Bureau’s actions in the last year under the leadership of Director Rohit Chopra, including the bureau’s approach to rulemaking and jurisdictional issues on topics such as fees and medical debt credit reporting.
The Consumer Financial Protection Bureau (Bureau or CFPB) announces the availability of an updated consumer publication, “What You Should Know about Home Equity Lines of Credit,” also known as the HELOC booklet, required by the Truth in Lending Act (TILA), as implemented by Regulation Z. This version of the HELOC booklet is updated to align with the Bureau's educational efforts, to be more concise, and to improve readability and usability.
Last week, the National Association of Attorneys General (NAAG) held its annual Capital Forum in Washington, DC, which provided AGs, AG staff, and private sector attendees the opportunity to engage with each other as well as federal officials, to discuss important policy issues and learn about the latest state and federal legal developments.
The National Association of Attorneys General (NAAG) sent a letter on behalf of a coalition of 51 AGs supporting an FCC proposal meant to cut down on the number of unwanted text messages received by consumers. The letter was sent in response to an FCC request for comment on the proposal, which would require mobile wireless providers to block likely fraudulent text messages at the network level.
About 23,000 student loan borrowers could get a monetary benefit from a $19 million settlement with five student loan companies, according to the Consumer Financial Protection Bureau (CFPB).
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