CFPB’s UDAAP claims to proceed against mortgage lender
The Bureau filed a complaint last year against the defendants alleging violations of several federal laws, including TILA and the CFPA.
The Bureau filed a complaint last year against the defendants alleging violations of several federal laws, including TILA and the CFPA.
The new bill, which updates laws regarding licensure and regulation of money transmitters, is effective June7.
A new opinion letter examines whether a registered money services business requires licensure under the California Money Transmission Act.
The changes are effective July 1 and amend existing law to revise certain requirements for collection agencies and applicants for licensure.