• 08.02.18

    ALJs Could Get Political With New Executive Order

    The new executive order (EO) granting agency chiefs the power to hire administrative law judges (ALJs) according to their own standards—and eliminating the exam and competitive hiring process formerly in place—could turn the position of ALJ into a politicized one, critics of the move ...

  • 08.02.18

    One District Judge Says Ringless Voicemails Are TCPA ‘Calls’

    A ringless voicemail message (RVM)—technology that allows messages to be left directly on a consumer’s cell phone without requiring the consumer to answer—can be a handy communication tool for any business, but particularly so for financial services companies concerned with ...

  • 07.18.18

    States Work to Bring Banking Services to Marijuana Businesses

    States are pushing to allow or encourage banking services to be provided to marijuana-related businesses, with efforts spreading from California to New York.

  • 07.18.18

    California Considering Bill to Require Disclosures for Small Business Lending

    In new California commercial financing-related legislation, a pending state bill would mandate specified disclosures for small business lending, while a recently passed ordinance in Los Angeles will require banks doing business with the city to reveal if they use sales goals.

  • 07.18.18

    State Financial Regulators Settle With Equifax Over Data Breach

    Pursuant to a consent order with eight state financial regulators, Equifax agreed to take corrective actions following its record-breaking 2017 data breach, but avoided paying any fines or penalties.  

  • 07.18.18

    State AGs: No Need for Madden Fix Legislation

    A group of state attorneys general reached out to congressional leadership, pushing back against the Madden fix legislation pending in the U.S. House of Representatives.

  • 07.18.18

    California AG Hits Student Loan Servicer With Lawsuit

    California Attorney General Xavier Becerra announced a lawsuit against Navient Corp. and its subsidiaries on behalf of the estimated 1.5 million borrowers living in the state, alleging misconduct in the servicing and collection of federal student loans.

  • 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).

  • 07.05.18

    Might Courts Force Leadership Change at CFPB?

    The future of the Bureau of Consumer Financial Protection (CFPB) remains uncertain, as the nomination of a permanent director turned controversial, and a New York federal court ruled its structure unconstitutional.

  • 07.05.18

    CFPB News: More Reports, Settlements and Actions Dropped

    In another news-heavy cycle, the Bureau of Consumer Financial Protection (CFPB) released a report on year-end credit card borrowing, dropped a potentially major RESPA-based investigation on co-marketing practices, and reached two major settlements.

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