On July 7, 47 state attorneys general signed onto a multistate letter to the U.S. Congress emphasizing the importance of maintaining states’ authority to enforce data breach and data security laws, and their ability to enact laws to address future data security risks.
The letter to Senate Majority and Minority Leaders, Mitch McConnell and Harry
Expert strategies for in-house and outside counsel on navigating class actions, litigation, and government enforcement actions and examinations in the consumer finance industry
Monday, July 27 to Tuesday, July 28, 2015
The Omni Hotel on the Magnificent Mile, Chicago, IL
On behalf of Troutman Sanders you will receive a discount off the standard registration cost
On June 30, the Court of Appeals of New York answered questions certified from the Second Circuit regarding whether a New York City law imposing certain requirements on attorneys engaged in debt collection practices is preempted by state law.
Local Law 15, which was enacted in 2009, expanded an earlier definition of debt collection agencies
On July 1, the Consumer Financial Protection Bureau announced that it had agreed to consent orders in pending lawsuits against two sets of defendants – Affinion Group Holdings Inc. and its subsidiaries (“Affinion”), as well as Intersections, Inc. (“Intersections”) – over allegations that the vendors had unfairly charged consumers for credit card add-on benefits that
Effective, July 1, 2015, Georgia HB 328 creates protections to consumers similar to those found in the federal Fair Credit Reporting Act (FCRA).
Specifically, the law amends Part 2 of Article 15 of Chapter 1 of Title 10 of the Official Code of Georgia Annotated, the “Fair Business Practices Act of 1975,” by adding a
The FTC and Florida Attorney General Pam Bondi obtained an ex parte temporary restraining order from the United States District Court for the Middle District of Florida on June 22, temporarily halting several Orlando-based companies from allegedly making illegal robocalls designed to trick consumers nationwide into paying for “worthless credit card interest rate reduction programs.”
We recently reported on the TILA-RESPA Integrated Disclosure Rule (TRID), scheduled to go into effect later this year. On June 9, several trade groups, including the American Bankers Association and the Mortgage Bankers Association jointly authored a letter to the House Financial Services Committee, urging the passage of H.R. 2213, introduced in the House
On June 2, the U.S. Court of Appeals for the D.C. Circuit categorically rejected consolidated petitions by several states, municipalities, industrial entities, and environmental groups challenging findings by the Environmental Protection Agency that designated regions had failed to meet certain ozone restrictions under the Clean Air Act (42 U.S.C. §§ 7401 et seq.).
At
This month, Consumer Financial Protection Bureau Director Richard Cordray issued a groundbreaking decision in the first ever appeal of an administrative enforcement proceeding. In his decision, Cordray largely affirmed the November 2014 judgment of Administrative Law Judge Cameron Elliot. Judge Elliot had found that PHH Corp., a mortgage lender, violated the Real Estate Settlement Procedures
On June 23, the Consumer Financial Protection Bureau issued the eighth edition of its “Supervisory Highlights,” which covered supervisory activities the Bureau completed between January and April 2015.
The CFPB oversees depository institutions and credit unions with total assets of more than $10 billion, as well as their affiliates. Under the Dodd-Frank Wall Street Reform