Newsletters

07.03.19

CFPB News: Kraninger Steers an Independent Path

CFPB Director Kathy Kraninger continues to chart her own course. CFPB developments include its settlement with a student loan management company, a public hearing on “abusive acts or practices, ” and updated guidance on payday lending. Meanwhile, court developments (on ...


07.03.19

FDIC Issues 2018 “Consumer Compliance Supervisory Highlights”

Improper overdraft fees and prohibited kickbacks were just two of many concerns identified by the Federal Deposit Insurance Corporation (FDIC) in its first-ever publication of “Consumer Compliance Supervisory Highlights” (“Highlights”).


07.03.19

Putative Class Action Attacks Securitization Based On Madden Case

On June 12, 2019, three holders of credit cards issued by a national bank brought a putative class action in the Eastern District of New York directly attacking the bank’s securitization of its credit card receivables based on the Second Circuit’s decision in Madden v. Midland Funding, ...


06.28.19

Utah Seeks Capped Spending, Partial Expansion with Enhanced Match

On May 31, 2019, Utah released a draft Section 1115 waiver application, the Per Capita Cap Demonstration, for public comment.


06.27.19

FTC, FDA Caution E-Cig Companies About Influencer Marketing

The Federal Trade Commission (FTC) and Food and Drug Administration (FDA) sent warning letters to four companies that manufacture and market flavored e-cigarettes, expressing concern about their influencer marketing practices on social media.


06.27.19

Tech Company Settles Data Security Action With FTC

An Iowa tech company reached a deal with the Federal Trade Commission (FTC) to settle allegations that the company’s poor data security practices resulted in a breach that exposed the personal information of millions of consumers.


06.27.19

Dollar General Reaches $1.75M Deal Over Pricing

Pricing problems will cost Dollar General $1.75 million in a settlement with the Vermont attorney general.


06.27.19

Gambling, Tracking Restricted in New App Store Rules

Changes to Apple’s App Store Review Guidelines are facing backlash from developers across a variety of industries.


06.24.19

Lawmakers Push Robocall Legislation

Anti-robocall legislation continues to move forward at both the federal and state levels, with the TRACED Act easing through the U.S. Senate by an overwhelming majority and a similar bill making its way through the California Legislature.


06.20.19

FTC Has Negative Review for Rental Companies’ CRFA Violations

The Federal Trade Commission (FTC) doubled down on actions based on Consumer Review Fairness Act (CRFA) violations and issued administrative complaints alleging that two vacation rental companies and their owners used illegal nondisparagement clauses in their contracts.