ALL CFS Blog Entries

FSOC Cryptocurrency Report Recommends Increased Federal and State OversightWhite Houses Proposes Bill of Rights for Artificial Intelligence

All Entries

California AG Agrees with CFPB's Preliminary Preemption Determination, Urges Bureau to Further Narrow TILA PreemptionU.S. House Bill Proposes Excluding Pandemic Evictions From Consumer Reports

Arbitration

CFPB Moves Forward With Proposed Rule Establishing Public Registry of Terms and Conditions in Form Contracts

Auto Finance

Colorado AG Announces Two More Settlements in GAP Refund CasesFDIC Pursuing Disparate Impact Theory Against Auto Lenders Already Rejected by Congress

Background Screening

Background Screener Agrees to Resolve Class Action Over Alleged Misreporting of Criminal ConvictionsFederal Court Grants Summary Judgment Holding Reporting of Loan During COVID-19 Forbearance as Accurate

Banking

Banking Groups Warn CFPB of Adverse Impact on Small Banks of Proposed Elimination of Late Fee Safe Harbor, Request SBREFA PanelDOJ Reaches Largest Ever Redlining Settlement with Los Angeles-based Bank

Better Business Bureau (BBB)

Join Us on August 10 for a Webinar on A Review of the New York Cybersecurity FrameworkBetter Business Bureau Data Show Sharp Decline in Debt Collection Complaints

Class Actions

California Federal Court Denies Class Certification for Inadequate PlaintiffRamirez Case Reaches Final Approval of Class Settlement

Consumer Financial Protection Bureau (CFPB)

California AG Agrees with CFPB's Preliminary Preemption Determination, Urges Bureau to Further Narrow TILA PreemptionBanking Groups Warn CFPB of Adverse Impact on Small Banks of Proposed Elimination of Late Fee Safe Harbor, Request SBREFA Panel

COVID-19

U.S. House Bill Proposes Excluding Pandemic Evictions From Consumer ReportsTroutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Credit Reporting + Data Brokers

U.S. House Bill Proposes Excluding Pandemic Evictions From Consumer ReportsThe CFPB Issues Its 2022 Fall Rulemaking Agenda

Cryptocurrency

Not Your Keys, Not Your Coin: Bankruptcy Court Looks to Contract Law to Determine Consumer Interest-Bearing Crypto Deposits Belong to Celsius' Bankruptcy EstateLegislation Introduced that Would Establish Federal Regulatory Framework for Payment Stablecoins

Debt Buyers + Collectors

The Wait is Over: New York Department of Financial Services Releases Debt Collection Rule AmendmentsFCC Issues Mixed-Bag Amended TCPA Exemptions Order

Events + Webinars

Join Us September 24, 2022, for the 16th Annual National Conference of Vietnamese American AttorneysJoin Us September 27-29, 2022, for NAFCU’s Regulatory Compliance & BSA Seminar

Fair Lending

CFPB Deputy Director Highlights Priority of Combatting Appraisal BiasDOJ Reaches Largest Ever Redlining Settlement with Los Angeles-based Bank

FCRA

U.S. House Bill Proposes Excluding Pandemic Evictions From Consumer ReportsFlorida Federal Court Finds FCRA and EFTA Claims Arising out of Disputed Charge Survive Credit Union's Motion to Dismiss

FCRA Focus

CFPB's Involvement in Tenant ScreeningAn Inside Look as a Juror

FDCPA

The Wait is Over: New York Department of Financial Services Releases Debt Collection Rule AmendmentsLack of Notice of Bankruptcy Filing Proves Fatal to FDCPA Claim

Featured Posts

Introducing Our Incident Response Interactive MapTroutman Pepper Weekly Consumer Financial Services Newsletter

Federal Trade Commission (FTC)

CFPB Issues Guidance on "Negative Option" Subscription ServicesFTC Fines Vonage $100M for "Junk Fees" and Using "Dark Patterns" to Make It Hard for Consumers to Cancel

Military Lending

CFPB Report Finds Only Small Fractions of Activated Guard and Reserve Servicemembers Receive SCRA Interest Rate ReductionsCFPB and FTC File Amicus Brief on Servicemembers' Right to Sue Under the Military Lending Act

Online Lending

New Mexico Enacts 36% APR Cap on Loans of $10,000 or LessWhich MLA Safe Harbor Are You Using? Recent Decision Highlights Overlap and Distinction Points

Payment Processing + Cards

Banking Groups Warn CFPB of Adverse Impact on Small Banks of Proposed Elimination of Late Fee Safe Harbor, Request SBREFA PanelCFPB Seeks Public Comment on the Credit Card Market

Podcasts

Settlement Agreement Update Between the DOJ and MetaA Sneak Peek in the Consumer Financial Services Year in Review and a Look Ahead

Privacy + Cyber

Introducing Our Incident Response Interactive MapFTC Extends Deadline for Compliance With Safeguards Rule

Regulatory Enforcement + Compliance

California AG Agrees with CFPB's Preliminary Preemption Determination, Urges Bureau to Further Narrow TILA PreemptionBanking Groups Warn CFPB of Adverse Impact on Small Banks of Proposed Elimination of Late Fee Safe Harbor, Request SBREFA Panel

State Attorneys General

California AG Agrees with CFPB's Preliminary Preemption Determination, Urges Bureau to Further Narrow TILA PreemptionArizona AG Concludes Non-Recourse, No-Interest Earned Wage Access Products Are Not "Consumer Lender Loans" Requiring a License

State Attorneys General, CFPB + FTC

California AG Agrees with CFPB's Preliminary Preemption Determination, Urges Bureau to Further Narrow TILA PreemptionCFPB Issues Guidance on "Negative Option" Subscription Services

Student Lending

DOJ Releases Guidance for Discharging Federal Student Loan Debt in BankruptcySupreme Court to Hear Arguments on Biden's Student Loan Forgiveness Plan

TCPA

New Mexico Enacts 36% APR Cap on Loans of $10,000 or LessFCC Issues Mixed-Bag Amended TCPA Exemptions Order

The Consumer Finance Podcast

Settlement Agreement Update Between the DOJ and MetaA Sneak Peek in the Consumer Financial Services Year in Review and a Look Ahead

The Crypto Exchange

Evaluating Fraud Under the Bank Secrecy ActBankruptcy Filings Among Crypto Exchanges: Is This a Sign of the Future?

Unauthorized Access

Drafting Consumer Breach Notices — From a Litigation PerspectiveCan Cyber Investigations Be Canned?