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
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 to receive a more detailed version of the update below, plus... 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
There is a lot of noise surrounding the Supreme Court’s announcement Monday that the Consumer Financial Protection Bureau’s (CFPB) constitutionality will be addressed during the Court’s next term. An appellate court ruled in October that the CFPB’s current funding structure... Continue Reading
The Education Pillar has been hard at work planning our 2023 education programming and recognized the numerous requests for more education on bankruptcy related topics for creditors rights attorneys. As a result, we are excited to announce the formation of the Bankruptcy Peer Forum, co-chaired by... Continue Reading
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2022 Midterm Elections - Key Takeaways Continue Reading
Washington D.C. Update The primary season ended in mid-September, and Congress has now departed Washington until after the midterm elections. Congress was able to avert a government shutdown by passing a continuing resolution (CR) late last week that was signed by President Biden. Not only does... Continue Reading
Washington D.C. Update The month-long summer recess has officially come to an end as Congress prepares for the final stretch before the November midterm elections. Congressional Democrats passed the Inflation Reduction Act into law in early August, marking a key legislative victory for the Biden... Continue Reading
For the first time this year, the CFPB released new Debt Collection Rule FAQs. Continue Reading
The Consumer Financial Protection Bureau (CFPB) on May 9, 2022 published an advisory opinion that affirms the Equal Credit Opportunity Act (ECOA) applies to lenders from the application process and extends through the life of the loan. Continue Reading
