The September 2017 Compliance Insights
(1) SCOTUS Amends Federal Bankruptcy Rules
: The amendments will take effect December 1, 2017, and will have an impact on a creditor’s bankruptcy process.
(2) CFPB Takes Action Against Bank for Inadequate Consumer Reporting Processes
: Historically, discussion regarding “consumer reporting” has been largely framed as “credit reporting,” in which lenders furnish information about a consumer’s loan performance to large, nationwide consumer reporting agencies.