Newsletters

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07.05.18

Consumer Lenders Beware: New California Privacy Law Likely Applies

Consumer lenders doing business in California will be subject to the new consumer privacy requirements by 2020, under California’s version of the General Data Protection Regulation (GDPR).

06.28.18

BREAKING: California Governor Signs Sweeping New Privacy Legislation

Governor Brown and California legislators enacted far-reaching consumer privacy and data security protections today in a deal to avoid a deeply flawed privacy initiative being placed on the ballot for voters in November.

01.19.17

The Last of Obama-Era CFPB Enforcement?

Making the most of its enforcement powers before the new administration takes over, and likely concerned that its days as a stand-alone bureau may be coming to an end, the Consumer Financial Protection Bureau (CFPB) took action against entities ranging from Virginia pawnbrokers to national lender ...

10.13.16

California's DBO Hits LendUp With Action, Fine

California's Department of Business Oversight (DBO) reached a $2.68 million settlement with LendUp recently, a deal based on the regulator's allegations that the firm charged illegal fees and committed other "widespread" violations of state law.

10.13.16

California's DBO Hits LendUp With Action, Fine

06.25.15

Not the FTC’s Crowd: Agency Takes First Action Involving Crowdfunding

In the agency’s first case involving crowdfunding, the Federal Trade Commission filed suit against Erik Chevalier for raising money through a Kickstarter campaign ostensibly to produce a board game—only to spend the money on himself.

09.26.13

Expansion of California’s Anti-Deficiency Laws Means More Litigation For Creditors

Turning a narrow consumer shield into a potentially broad sword, this summer California expanded its anti-deficiency judgment laws to prohibit not only the judicial pursuit of mortgage deficiency balances, but also to declare that post-foreclosure deficiencies can be neither “owed” nor ...