• 03.11.20

    Expansion of OFAC Sanctions Jurisdiction Impacting Non-US Businesses

    In connection with a settlement with a Swiss company, the Office of Foreign Assets Control (OFAC) has extended its reach in an important development for foreign businesses which may utilize software or hardware originating from the United States.

  • 02.27.20

    CFPB: Debt Collectors, Consumers Receive Clarity on Time-Barred Debt

    Proposing a specific limit on debt collectors but also providing a safe harbor for compliance, the Consumer Financial Protection Bureau (CFPB) has issued proposed regulations that would allow debt collectors to contact consumers about time-barred debt as long as the collectors disclose, in the ...

  • 02.27.20

    Fair Lending: CFPB Agrees to Restart Women- and Minority-Owned Business Data Collection

    In a settlement with a consumer advocacy group on a significant fair lending issue, the Consumer Financial Protection Bureau (CFPB) has agreed to restart long-stalled efforts to gather statutorily mandated data on lending to women- and minority-owned businesses.     

  • 02.19.20

    Securitization Vehicles Win Madden Victory

    In one of two closely watched New York class actions asserting usury claims against national bank securitization vehicles based on the Second Circuit’s decision in Madden v. Midland Funding, 786 F.3d 246 (2d Cir. 2015), a federal magistrate judge has recommended dismissal based on federal ...

  • 02.19.20

    Regulators Crack Down On Credit Repair Companies

    Regulators are keeping a close eye on credit repair companies as evidenced by a pair of new lawsuits filed by the Illinois attorney general and a separate action brought by the Federal Trade Commission (FTC).

  • 02.05.20

    Arbitration: Will U.S. Supreme Court Step In to Solve California’s McGill Problem?

    It now looks as though the Supreme Court is ready to receive, and we think grant, a petition for writ of certiorari in Blair v. Rent-A-Center (and related cases) that could spell doom for California’s McGill rule under which arbitration agreements are enforceable only if they exclude court ...

  • 02.05.20

    Regulators to Major Online Payments Platform: Fix Your Charity Disclosures

    Twenty-three state regulators have now reached a deal with a prominent online payments processor to address that company’s insufficient disclosures on its platform.

  • 12.18.19

    DOJ Clarifies FCPA Corporate Enforcement Policy

    In the latest update to the Department of Justice’s (DOJ) Foreign Corrupt Practices Act (FCPA) Corporate Enforcement Policy, the agency formalized prior guidance as to how companies can voluntarily disclose information in order to receive leniency.

  • 12.18.19

    Bank Must Face FCRA Suit, Eleventh Circuit Rules

    In a cautionary tale for banks, the U.S. Court of Appeals, Eleventh Circuit held that a plaintiff could move forward with his Fair Credit Reporting Act (FCRA) suit after a national bank allegedly failed to investigate a disputed item and used false pretenses to obtain multiple credit reports.

  • 12.11.19

    Supreme Court Alert: FDCPA Limitations Period Runs From Violation, Not Discovery

    In a victory for common sense, the Supreme Court has ruled, in Rotkiske v. Klemm, that the Fair Debt Collection Practices Act’s statute of limitations begins to run when the alleged FDCPA violation occurs, not when the violation is discovered. 

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