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The Consumer Financial Protection Bureau is not showing any signs of slowing down its recent string of enforcement actions.  On December 7, the CFPB filed a complaint against and proposed a consent order with a debt collection company that will require the company to pay at least $2.5 million to settle claims that it …

On February 9-11, 2016, DBA International will host its annual conference – Moving Forward Together – at the Aria Resort & Casino in Las Vegas.

We are pleased to announce that two of our Consumer Financial Services lawyers will serve as faculty at this year’s event.

David Anthony will present “The Devil is in the…

Last week, Missouri’s attorney general proposed reforms to address collection practices that he believes target low-income and minority residents.

Attorney General Chris Koster said he sent a letter to the Missouri Supreme Court’s Commission on Racial and Ethnic Fairness requesting changes in court rules that he said would help prevent unscrupulous collection practices.

“These proposed…

On November 20, the Consumer Financial Protection Bureau released its eighth semi-annual report.  

The principal focus of the report was an articulation of the data collected by the CFPB through consumer complaints, including those from the debt collection industry.  According to the report, 30 million consumers currently have accounts in collection, with an average …

On December 3, the Consumer Financial Protection Bureau released its updated report on the impact of the Credit Card Accountability Responsibility and Disclosure Act (“CARD Act”) since its inception.  According to the CFPB, the CARD Act has helped reduce the cost of credit card fees by eliminating certain back-end pricing practices.  The CFPB also found…

Expert strategies for in-house and outside counsel on navigating class actions, litigation, and government enforcement actions in the consumer finance industry.

January 26-27, Viceroy Miami, Miami, Florida

We are pleased to announce that John Lynch, partner at Troutman Sanders LLP, will speak on: Consumer Finance Class Action Litigation and Settlement Strategies, Procedural Considerations, Emerging Theories…

Join us at the Data Breach & Privacy Litigation Conference
February 11, 2016; The Julia Morgan Ballroom, 465 California Street, San Francisco

We are pleased to announce that Ronald Raether, partner at Troutman Sanders LLP, will speak at the 2016 Data Breach & Privacy Litigation Conference on Deflecting the Onslaught: Data Breach Litigation Defenses &…

Last month, Republican staff members on the Committee of Financial Services in the U.S. House of Representatives issued a Report criticizing tactics used by the Consumer Financial Protection Bureau in the auto finance area.  The Staff Report generally questions the CFPB’s disparate-impact claims under the Equal Credit Opportunity Act (“ECOA”) and the Bureau’s use of …

The stating of a representative’s personal name is immaterial to whether there is a meaningful disclosure of the caller’s identity as required by the Fair Debt Collection Practices Act , said the district court for the District of Oregon.  In Moore v. Account Control Technology, Inc., the court granted the defendant’s motion for summary …

A recent report from researchers at the Federal Reserve Bank of Philadelphia posits that creditors’ concerns about their reputations incentivize the outsourcing of debt collection to third-party debt collection agencies.  In the report titled “The Economics of Debt Collection: Enforcement of Consumer Credit Contracts,” authors Viktor Fedaseyeu and Robert Hunt developed a research model for…