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CFPB enters into settlement of lawsuit challenging legality of its Taskforce on Federal Consumer Financial Law; agrees creation of Taskforce violated federal law | Ballard Spahr LLP

The CFPB has agreed to settle the lawsuit filed by the National Association of Consumer Advocates, U.S. Public Interest Research Group, and Professor Kathleen Engel challenging the. ....

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CFPB Taskforce Report (Part 2): The 19 Focus Areas and 102 Recommendations of Volume 2

CFPB Taskforce Report (Part 2): The 19 Focus Areas and 102 Recommendations of Volume 2
Published on:
7 January 2021 at 11:00 a.m. ET
Jan. 7, 2021, 11 a.m.
March 5, 2021, 9:56 p.m.
insideARM.com
The iA Institute
http://www.insidearm.com/news/00046966-cfpb-taskforce-report-part-2-19-focus-are/
Editor s Note: Read Part 1, A Deep Dive Into the 4 Main Debt Collection-Related Topics of Volume 1,
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to the CFPB, not mandates or recommendations
from, (although they may become mandates at some point in the future if acted on by the Bureau s director).
Alternative Data
The Taskforce is interested but worried.
Alternative Data are pieces of consumer information not traditionally incorporated into a consumer s credit report: rent payments, for example, or utility bill payments. Deepening the pool of information available to creditors can help both the creditor and the consumer. So, as far ....

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