Legal Framework for U.S. Consumer Regulatory Law

The Consumer Financial Protection Bureau (CFPB) is authorized to enforce fair lending practices. As fair lending and racial equity take center stage in the Biden Administration, take steps now to review the federal legal framework for financial institutions and entities that provide consumer financial services.

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Related Content        

• Fair Lending Considerations Related to Credit Cards
  Review this practice note for an overview of the fair lending risks and challenges arising from credit card lending, especially in light of the CFPB’s active enforcement of credit card lending laws.  

• Interest Rate Exportation and Related Lending Issues
  Access timely information to aid in advising on federal and state laws and regulations regarding usury, interest rate exportation, and the authority of insured depository institutions to select the most favorable interest rate in lending transactions.

• Consumer Protection in Automotive Financing
  Examine notice and other compliance requirements under state and federal banking law related to consumer finance and purchase of automobiles.

• Fair Lending Guidance and Disclosure Requirements for Residential Mortgages
  Get a comprehensive view of the myriad fair lending laws and the applicable financial laws and regulations governing residential mortgages.

Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.

• Payday Lending State Law Survey and Interest Rates and Usury State Law Survey are two of the valuable resources providing relevant state laws and regulations for each of the 50 U.S. states.
• Fair Lending Regulation Resource Kit provides practice notes, checklists, and a template, including Evaluating Fair Lending Compliance Programs Checklist and Fair Lending Laws Compliance Checklist, for lenders to evaluate the sufficiency of internal fair lending law compliance policies and ensuring compliance with relevant federal and state consumer protection laws in place to level the playing field for all consumers.
• A new Ukraine Invasion Resource Kit is available. This tool provides up to date resources to aid financial services institutions navigate through the myriad of Russian sanctions associated with this conflict.
• The Practical Guidance Journal Spring 2022 Edition features guidance for employers on COVID-19 vaccination, testing, and employee health data protection; climate change disclosure market trends; and updates related to the Secured Overnight Financing Rate (SOFR).
• Check out the new Practical Guidance Author Center! Learn about the 1500+ leading attorney authors contributing to our 21 practice areas, and find out how you can Become a Practical Guidance Author.
• Document alerts are now available in Practical Guidance. This allows you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.

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