Winter 2021

Consumer Financial Services - Thought Leadership Roundup


Welcome to Mayer Brown’s inaugural monthly compendium of insights on the complex issues confronting consumer finance businesses. In each issue, we share our most recent Legal Updates, blog posts and events reporting on and analyzing the latest consumer finance developments. We welcome your comments and the opportunity to discuss these topics with you.

Legal Updates

The US National Defense Authorization Act for Fiscal Year 2021: What You Need to Know

A New Day Dawns at the CFPB

State Licensing and Federal UDAAP – One More Take

CFPB Releases Feedback on Supervised Institutions’ COVID-19 Operations

HUD Expands Eligibility for FHA Loans to DACA Recipients and Extends Foreclosure and Eviction Moratorium

FHFA Issues Request for Input on Effects of Climate Change and Natural Disasters

Four Takeaways from the CFPB’s First Lawsuit in the Post-Kraninger Era

Blog Posts

CFPB Issues Guidance on Doing Business with LEP Consumers

NY Enacts TILA-Like Disclosure Law for Business Loans and Purchases of Receivables (Factors, MCA Providers, Fintechs, Commercial Lenders—Take Note)

Will the CFPB Freeze the GSE QM Patch?

CFPB will Prioritize COVID-19 Relief and Racial Equity under Acting Director Uejio

CFPB Releases Feedback on Supervised Institutions’ COVID-19 Operations

Re-introduced Fair Lending for All Act Proposes Stiffer ECOA Penalties and CFPB Testing Office

California DFPI Invites Comments on Rules Governing its Operations and Authority

A QM Freeze in the Forecast

New York Expands Coverage of Commercial Financing Disclosure

CFPB Rescinds Policy Statement on Abusiveness

Congress Prepares to Invalidate OCC’s True Lender Rule


The Next Phase of Financial Regulatory Reform: What’s Ahead for Nonbank Financial Companies

Securitization – What to Expect in 2021

What to Expect from the CFPB

Mortgage Class Actions in the COVID-19 Era & Related Considerations

California MBA Legal Issues Committee

A GME Changer? Social Media and the Securities and Derivatives Markets Collide

HousingWire Spring Summit

Virtual Investors' Conference on Equipment Finance

The CFPB: Looking Back and Ahead

Coffee Klatch

Bank Partnerships, Madden and True Lender Developments

Upcoming Events (information forthcoming)

Servicing Moratoriums and Forbearance in Consumer Lending

State Licensing Trends

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