It is common knowledge that class action lawsuits are expensive. And we know that many consumer class action lawsuits are filed without a proper class representative or with a class that is otherwise ill-defined, legally deficient, or unascertainable. Other purported Telephone Consumer Protection Act class action lawsuits present potentially dispositive issues from the outset, such

The Consumer Financial Protection Bureau announced on October 11 that it will establish a taskforce of industry experts to examine the legal and regulatory environment facing consumers and financial service providers. The aim of the taskforce is to harmonize, modernize, and update consumer credit laws and their implementing regulations and to identify gaps in these

On October 11, California Governor Newsom signed five amendments into law that modify the text of the California Consumer Privacy Act of 2018 (“CCPA”). These amendments were signed just one day after California Attorney General, Xavier Becerra, released the draft of the proposed regulations to the CCPA, a summary of which can be found here

The California Consumer Privacy Act (CCPA), which takes effect January 1, 2020, aims to provide California residents with greater transparency and control over how businesses collect and use their personal information. Organizations have been waiting for the California Attorney General (AG), Xavier Becerra, to adopt regulations to clarify and further the purpose and intent of

The Seventh Circuit Court of Appeals upheld dismissal of a consumer’s claim that the phrase “current balance” in a collection letter obscured the static nature of her debt.

Plaintiff Patricia Ann Koehn alleged that the collection letter from defendant Delta Outsource Group, Inc. falsely implied that Koehn’s static debt was subject to interest and fees

We are pleased to announce that Troutman Sanders attorney David Anthony will be hosting a Consumer Data Industry Association (CDIA) Webinar on October 16th at 2pm EST, titled “Navigating the Challenges in Today’s Litigation and Enforcement Environment.” David will be providing insight on litigation and enforcement trends throughout the consumer reporting industry.

Discussion Topics

We are pleased to announce that Troutman Sanders attorneys Ron Raether and Sadia Mirza will be hosting a Receivables Managements Association International (RMAI) Webinar titled, “Getting Your Ducks in a Row for the California Consumer Privacy Act” on October 23rd, 2019 at 9am PST. During this webinar, Ron and Sadia will cover the

On September 25, California Assembly Bill 539 was presented to the Governor for signing. The Bill would prohibit licensees of the California Financing Law (CFL) from charging an interest rate greater than 36% plus the applicable Federal Funds Rate on consumer loans of at least $2,500, but less than $10,000. Currently the CFL does not

Showing its continuing regular focus on the background screening industry, on October 3, 2019, the Consumer Financial Protection Bureau (CFPB) published a report, entitled Market Snapshot: Background Screening Reports. The report highlights the increased demand for background screenings by employers as well as consumer challenges that may arise from their use given the vast