On June 3, 2024, the CFPB announced the establishment of a new offenders’ registry final rule. This registry is aimed at detecting and deterring corporate offenders who have violated consumer laws and are subject to federal, state, or local government or court orders. Unfortunately, NCBA... Continue Reading
While NCBA is hard at work representing our industry year-round, this past week NCBA members helped truly amplify our voice. Having our members travel to DC and personally share their concerns with congressional offices is a highlight for NCBA and an important part of our advocacy strategy. With... Continue Reading
The Supreme Court this morning upheld the funding structure of the Consumer Financial Protection Bureau (CFPB). In a 7 to 2 decision, the court determined that the CFPB’s funding mechanism complies with the Constitution’s Appropriations Clause. Justice Clarence Thomas authored the... Continue Reading
We're excited to announce that Evan Hammer was selected as this year's recipient for the NCBA 2024 Scholarship sponsored by Barron & Newburger Foundation. Evan is an incoming 1L at the University of Chicago Law School, and he graciously approved of us sharing his winning essay on this year's... Continue Reading
We're excited to announce that earlier today Representative Scott Fitzgerald (R-WI) introduced H.R. 7947 of the 118th Congress, a bill to protect state and federal courts' authority to regulate and oversee the legal profession. The bill has been assigned to both the House Judiciary Committee (HJC)... Continue Reading
AI is everywhere these days and everyone seems to be talking about it. They even say it's going to change the future of work. But how? What does AI really mean for your work and the creditors rights industry? We hope to provide answers to these questions and more through our new AI Learning Series... Continue Reading
2024 Scholarship Program Application Forms Now Available Continue Reading
On November 29, CFPB Director, Rohit Chopra, testified to the House Financial Services Committee (HFS) for the "Semi-Annual Report of the Bureau of Consumer Financial Protection" and before the Senate Banking Committee (SB) on November 30. Industry Impact One of the top issued discussed which... Continue Reading
Here’s the latest news of what’s happening in Washington and specific NCBA advocacy initiatives that we and our lobbyists have been engaged in over the past several weeks. Advocacy Support Fund and NCBA PAC donors receive a more detailed version of the update below, plus opportunities... Continue Reading
Earlier this week, the Consumer Financial Protection Bureau (CFPB) reported that they reached a settlement with Lexington Law in the PGX Holdings bankruptcy case. As you may recall, we submitted a request for an Advisory Opinion seeking CFPB guidance regarding communication with consumers who have... Continue Reading
On June 22, NCBA submitted an Advisory Opinion Request (AOP), seeking guidance from the CFPB regarding Communication with Consumers who have been represented by bankrupt or defunct law firms. Recently two large credit repair companies with legal and regulatory problems—Lexington Law and... Continue Reading
In recent years, the American Bar Association (ABA) and its allies, including NCBA, have worked hard to protect the independence of the legal profession and judicial oversight of lawyers. These joint efforts come in many forms – from lobbying Congress to working to have the CFPB’s... Continue Reading
