• 01.16.19

    New Year, New CFPB? Kraninger Memo Sparks Debate

    Perhaps setting the tone at the Bureau of Consumer Financial Protection (CFPB or Bureau), new Director Kathy Kraninger urged Bureau employees to “vigorously enforce the law” but refrain from presuming guilt about industry participants.

  • 01.16.19

    FTC Bans Student Loan Debt Relief Scammers

    Student loan debt relief scammers were on the receiving end of a ban by the Federal Trade Commission (FTC) as part of the agency’s Operation Game of Loans.

  • 01.16.19

    Federal Reserve Documents Growth in Card Payments

    The Board of Governors of the Federal Reserve System (Federal Reserve) released its latest study on payments, documenting a continuing—and accelerated—“robust growth” in card payments.

  • 01.16.19

    State AGs Deal With Payment Processor, Mobile Apps

    In state enforcement news, Massachusetts Attorney General Maura Healey announced a settlement with a California-based payment services provider, while New York Attorney General Barbara Underwood reached a deal with five companies related to security vulnerabilities in their mobile apps.

  • 01.16.19

    State-Run Marijuana Bank Option Falters in California

    A new study has cast a shadow on plans for a state-owned bank to service the cannabis industry in California.

  • 01.15.19

    U.S. Sanctions Enforcement Against Foreign Financial Institutions Continues

    While major enforcement actions against foreign banks for U.S. sanctions violations appear to have ebbed over the past three years, the recent settlement of sanctions-related claims, which included imposition of $1.34 billion in forfeitures and penalties, against a large foreign bank is a reminder ...

  • 01.11.19

    Governor Newsom’s First State Budget: New Policy and Funding Priorities for California

    This week, California’s newly inaugurated 40th governor, Gavin Newsom, unveiled his first state budget proposal, which projects nearly $6.1 billion in new revenues, would authorize $144.2 billion in state General Fund spending in 2019–20, a 4 percent increase over the $138.7 billion ...

  • 01.10.19

    Second Circuit Moves Cheez-It False Ad Suit Forward

    The U.S. Court of Appeals for the Second Circuit sided with three class action plaintiffs and reversed the dismissal of a false advertising dispute involving Cheez-It crackers.

  • 01.10.19

    Consumer Groups Push to Strengthen CCPA

    Taking the opposite approach of industry groups, the Electronic Frontier Foundation (EFF), Center for Digital Democracy (CDD), Campaign for a Commercial Free Childhood and a dozen other consumer organizations are pushing to increase the requirements of the California Consumer Privacy Act (CCPA) ...

  • 01.10.19

    Accountability Program Tackles Opt-Outs, Disclosures in New Decisions

    In its latest decisions, the Online Interest-Based Advertising (IBA) Accountability Program tackled the issues of privacy disclosures and consumer opt-out tools following inquiries into two advertising technology companies.