Clik here to view.
Interagency Guidance: Regulators Will Enforce UDAAP Laws Notwithstanding...
The Federal Reserve Board recently made headlines when it repealed its Regulation AA to comply with the Dodd-Frank Act, leading some to wonder how, and to what extent, regulation of financial...
View ArticleClik here to view.
Dodd-Frank’s Deputy Enforcers – States!
No readers of this blog would disagree that the Dodd-Frank Wall Street Reform and Consumer Protection Act transformed the legal landscape for banks and consumer finance companies. In the area of...
View ArticleClik here to view.
The CFPB Targets Lender’s Credit Card Division With More Than $200MM In...
The Consumer Financial Protection Bureau (CFPB) has set its sights on debt collection practices again. In April, we wrote about the CFPB’s $63 million settlement with a mortgage servicer, Green Tree...
View ArticleClik here to view.
Lender’s Allegedly “One-Sided” Gift Card Arbitration Clause Questioned
On August 6, 2015, a California federal judge requested further briefing on whether the arbitration clause in a lender’s Visa gift card user agreement may be unenforceable against a putative class...
View ArticleClik here to view.
Wyndham Opinion Affirms FTC’s Power to Regulate Cybersecurity Practices
On August 24, 2015, the Third Circuit affirmed the United States District Court for the District of New Jersey’s denial of a motion to dismiss in FTC v. Wyndham Worldwide Corp. In Wyndham, the Federal...
View ArticleClik here to view.
N.D. Illinois: Bank’s HAMP Procedures Weren’t Unfair or Deceptive
A U.S. District Judge in the Northern District of Illinois recently granted summary judgment in favor of defendant PNC Bank on a borrower’s promissory estoppel and Illinois Consumer Fraud Act (ICFA)...
View ArticleClik here to view.
CFPB Sues Credit Repair Company for Misleading Claims and Illegal Fees
On September 22, 2016, the Consumer Financial Protection Bureau (CFPB) filed a complaint in the U.S. District Court for the Central District of California against a credit repair company for allegedly...
View ArticleClik here to view.
Court Applies Heightened Pleading Standard to CFPB Complaint Alleging...
On November 15, 2016, the Central District of California issued a ruling (subscription required) in CFPB v. Prime Marketing Holdings, LLC dismissing without prejudice four out of five claims on grounds...
View ArticleClik here to view.
Interagency Guidance: Regulators Will Enforce UDAAP Laws Notwithstanding...
The Federal Reserve Board recently made headlines when it repealed its Regulation AA to comply with the Dodd-Frank Act, leading some to wonder how, and to what extent, regulation of financial...
View ArticleClik here to view.
Dodd-Frank’s Deputy Enforcers – States!
No readers of this blog would disagree that the Dodd-Frank Wall Street Reform and Consumer Protection Act transformed the legal landscape for banks and consumer finance companies. In the area of...
View ArticleClik here to view.
The CFPB Targets Lender’s Credit Card Division With More Than $200MM In...
The Consumer Financial Protection Bureau (CFPB) has set its sights on debt collection practices again. In April, we wrote about the CFPB’s $63 million settlement with a mortgage servicer, Green Tree...
View ArticleClik here to view.
Wyndham Opinion Affirms FTC’s Power to Regulate Cybersecurity Practices
On August 24, 2015, the Third Circuit affirmed the United States District Court for the District of New Jersey’s denial of a motion to dismiss in FTC v. Wyndham Worldwide Corp. In Wyndham, the Federal...
View ArticleClik here to view.
N.D. Illinois: Bank’s HAMP Procedures Weren’t Unfair or Deceptive
A U.S. District Judge in the Northern District of Illinois recently granted summary judgment in favor of defendant PNC Bank on a borrower’s promissory estoppel and Illinois Consumer Fraud Act (ICFA)...
View ArticleClik here to view.
CFPB Sues Credit Repair Company for Misleading Claims and Illegal Fees
On September 22, 2016, the Consumer Financial Protection Bureau (CFPB) filed a complaint in the U.S. District Court for the Central District of California against a credit repair company for allegedly...
View ArticleClik here to view.
Court Applies Heightened Pleading Standard to CFPB Complaint Alleging...
On November 15, 2016, the Central District of California issued a ruling (subscription required) in CFPB v. Prime Marketing Holdings, LLC dismissing without prejudice four out of five claims on grounds...
View ArticleClik here to view.
It’s About Context: CFPB Wins Bench Trial Against Third Party Servicer for...
On September 8, 2017, a judge in the Northern District California assessed a statutory penalty of $7,930,000 against Nationwide Biweekly Administration, Inc. (Nationwide) and issued an injunction...
View ArticleClik here to view.
Interagency Guidance: Regulators Will Enforce UDAAP Laws Notwithstanding...
The Federal Reserve Board recently made headlines when it repealed its Regulation AA to comply with the Dodd-Frank Act, leading some to wonder how, and to what extent, regulation of financial...
View ArticleClik here to view.
Dodd-Frank’s Deputy Enforcers – States!
No readers of this blog would disagree that the Dodd-Frank Wall Street Reform and Consumer Protection Act transformed the legal landscape for banks and consumer finance companies. In the area of...
View ArticleClik here to view.
The CFPB Targets Lender’s Credit Card Division With More Than $200MM In...
The Consumer Financial Protection Bureau (CFPB) has set its sights on debt collection practices again. In April, we wrote about the CFPB’s $63 million settlement with a mortgage servicer, Green Tree...
View ArticleClik here to view.
Wyndham Opinion Affirms FTC’s Power to Regulate Cybersecurity Practices
On August 24, 2015, the Third Circuit affirmed the United States District Court for the District of New Jersey’s denial of a motion to dismiss in FTC v. Wyndham Worldwide Corp. In Wyndham, the Federal...
View Article