01.18.22
Illinois adopted a first-of-its-kind law regulating entities that advise consumers about college or career searches, financial aid, or scholarships, or that assist with planning, preparing or submitting applications on behalf of a consumer.
01.05.22
Commercial finance providers doing business in New York will have more time to comply with New York’s new law requiring consumer-like disclosures to be made for certain types of commercial financing.
12.23.21
An exemption from the California lender licensing law for a person making a single commercial-purpose loan in a rolling 12-month period is about to “sunset” in California, impacting persons who have relied upon the exemption, including when structuring transactions through ...
12.22.21
On December 15, 2021, the New York State Department of Financial Services published proposed amendments to the state’s debt collection regulations.
12.20.21
On December 16, 2021, the Consumer Financial Protection Bureau announced a “market monitoring” inquiry into “buy now, pay later” credit offered by five companies.
12.14.21
Earlier this month, the California Department of Financial Protection and Innovation sent an email with the attention-grabbing subject line “Want to continue operating in California?
11.23.21
On November 18, the Office of the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corporation adopted a rule that will require banking organizations and their bank service providers to give notice of certain computer-security ...
11.04.21
In late October, the Consumer Financial Protection Bureau (CFPB) sent a shot across the bow at Big Tech’s use of consumer payments data.
10.29.21
In a surprise to many, an arguably rogue panel of the U.S. Court of Appeals for the Eleventh Circuit has now reaffirmed its earlier decision from Hunstein v. Preferred Collection, 994 F.3d 1341, holding that (1) a plaintiff has Article III standing to sue a debt collector for violating federal debt ...
10.26.21
On October 19, 2021, the Consumer Financial Protection Bureau entered into its first consent order under new Director Rohit Chopra, finding that a service provider to state correctional departments violated the Electronic Funds Transfer Act and the Consumer Financial Protection Act in providing ...