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
State Licensing and Federal UDAAP – One More Take
CFPB Releases Feedback on Supervised Institutions’ COVID-19 Operations
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
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
New York Expands Coverage of Commercial Financing Disclosure
CFPB Rescinds Policy Statement on Abusiveness
Congress Prepares to Invalidate OCC’s True Lender Rule
Events
The Next Phase of Financial Regulatory Reform: What’s Ahead for Nonbank Financial Companies
Securitization – What to Expect in 2021
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
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
