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Biniam Tesfamariam is an attorney in the firm’s Consumer Financial Services practice with a primary focus on Financial Services Litigation. Biniam assists clients with navigating the variety of laws in consumer financial services with particular focus on federal consumer protection statutes such as the Fair Debt Collection Practices Act (FDCPA), Fair Credit Reporting Act (FCRA), and the Telephone Consumer Protection Act (TCPA).

On April 24, the Federal Deposit Insurance Corporation and Duke University’s Fuqua School of Business and Innovation and Entrepreneurship Initiative will host the inaugural “Fintech and the Future of Banking” conference in Arlington, Virginia.

The conference, headlined by speakers Jelena McWilliams, Chairman of the FDIC, and Steven Mnuchin, Secretary of the United States

On March 19, the United States District Court for the Northern District of Illinois ruled in favor of a defendant debt collector because the plaintiff failed to submit extrinsic evidence showing an unsophisticated consumer would find the letter at issue to be misleading, false, or deceptive.

In Lemke v. Escallate, LLC, No. 1:17-cv-5234, 2019

On February 20, the Consumer Financial Protection Bureau released a compliance guide for small entities that summarizes payment-related provisions of the Payday Lending Rule.

The Payday Lending Rule governs payday loans, vehicle tile loans, and certain high-cost installment loans.  The Guide focuses on the payment provisions of the Payday Lending rule, found in Subpart C

The Federal Communications Commission will have to decide whether or how it will hold its January 30 monthly public meeting if the government shutdown lasts through the end of the month. 

The Communications Act requires that “meetings of the commission shall be held at regular intervals, not less frequently once each calendar month,” and

Due to the U.S. Government partial shutdown, the Federal Trade Commission announced a temporary suspension of all of its investigations, including those into debt collection activities. As a result, the FTC has stated that its investigators cannot conduct normal fact-finding and attorneys cannot engage in settlement negotiations at this time. In particular, during the

On November 20, Federal Communications Commission Chairman Ajit Pai proposed the implementation of a reassigned numbers database and a declaration that wireless providers are authorized to take measures to stop unwanted text messaging through use of autodialed text messaging (“robotext”)-blocking, anti-spoofing measures, and other anti-spam features. 

Calls to reassigned numbers can be

Arbitration clauses are ubiquitous in consumer and employment contracts.  Frustrated with that widespread use, on October 30, United States House of Representatives members Jerrold Nadler (D-N.Y.) and Bobby Scott (D-Va.) introduced the “Restoring Justice for Workers Act.” The proposed legislation would outlaw use of class action waiver provisions in employment

On October 17, the Bureau of Consumer Financial Protection issued its Fall Rulemaking Agenda.  The CFPB releases regulatory agendas twice a year in conjunction with a broader initiative led by the Office of Management and Budget to publish a Unified Agenda of Regulatory and Deregulatory actions across all agencies of the federal government.

Of particular