CFPB Provides Guidance to Lenders Regarding PPP Loans

By Shannon Raye Martinez, Attorney in the Creditor’s Rights & Bankruptcy and Litigation Practice Groups On May 6, 2020, the Consumer Financial Protection Bureau (CFPB) published a policy statement answering three questions relating to the Paycheck Protection Program (PPP). The policy statement clarifies when a creditor is required to provide notice to the loan applicant

Oregon’s DCBS Hits Pause on Insurance Cancellations and Non-Renewals

By Joshua D. Feil, Attorney in the Litigation Practice Group As COVID-19 continues to impact Oregonians, the State continues to issue orders aimed at lessening its effects. On March 25, 2020, on the heels of Governor Brown’s moratorium on nonpayment-based residential evictions, Oregon’s Department of Consumer and Business Services (“DCBS”) issued an order (the “Order”) directing all insurers in

Oregon DCBS Issues Guidance to In-State Lenders in Response to COVID-19

By Joshua D. Feil, Attorney in the Litigation Practice Group On March 20, 2020, the Oregon Department of Consumer and Business Services (“DCBS”) published Bulletin No. DFR 2020-07 (the “Bulletin”) to provide guidance to Oregon-regulated lenders and loan servicers in extending help to borrowers struggling through the COVID-19 pandemic. Recognizing the difficulty that many Oregon businesses and

Consumer Financial Protection Bureau News Flash! May 6, 2016

Consumer Financial Protection Bureau’s Newly Proposed Regulations Would Pave the Way for More Consumer Class Action Lawsuits:  Rule Would Mandate that all Mandatory Arbitration Provisions Carve Out the Consumer’s Right to Participate in a Class Action Lawsuit in Consumer Financial Contracts with Most Financial Institutions May 6, 2016 By: Elayna T. Zammarelli The Consumer Financial