The Consumer Financial Protection Bureau (CFPB) has been active in the ARM industry during the past year, including the release of its long-awaited Outline of Proposals Under Cosideration governing third-party debt collectors. insideARM has provided an overview, perspective, and industry reaction to those proposals.
In paralell to rulemaking activity, the CFPB has issued consent orders with the intent of setting industry-wide precedents. In March 2016, CFPB Director Richard Cordray remarked to the Consumer Bankers Association that any company not adapting to the policies called out in the CFPB’s consent orders is committing “compliance malpractice.”
Since we published The CFPB’s Consent Orders Regulating the ARM Industry earlier this year, the Bureau has issued more consent orders against firms in the ARM industry. As a result, we’ve updated the report.
When you download the updated version of The CFPB’s Consent Orders Regulating the ARM Industry, you’ll get a comprehensive, easy-to-read guide to all relevant CFPB consent orders. Get all the critical CFPB consent order intelligence you need – organized, synthesized, and summarized in one place.
- Compact analysis on every industry-relevant consent order, explaining how and to what extent an order applies to you;
- Real-world examples for how the CFPB identifies UDAAP violations; and
- A complete chart of consent orders to give you a quick visual reference guide to all orders.
You can stay up-to-date by buying every new edition of the report when it’s released – or you can get this report, all subsequent updates of this report, and nearly all of insideARM’s time-saving compliance resources and intelligence, for free, with a Compliance Professionals Forum (CPF) membership.