• 01.22.20

    Yelp Disclosures Cost Mortgage Broker $120K in FTC Deal

    The Federal Trade Commission (FTC) struck a deal with a mortgage broker who revealed personal information about consumers after they posted negative reviews of his service on Yelp.

  • 01.16.20

    Ninth Circuit Sides With Debt Collector in FDCPA Case

    Affirming a California district court, the U.S. Court of Appeals for the Ninth Circuit held that a debt collector is entitled to collect a lawful, outstanding debt even if the statute of limitations has run, so long as the debt collector does not use means that are deceptive or misleading and ...

  • 12.11.19

    Student Lending: AGs Question Education Department, CFPB Sued

    In the latest student lending happenings, a group of state attorneys general wrote to the Department of Education seeking confirmation of student loan discharge relief to thousands of borrowers, while a consumer group filed suit against the Consumer Financial Protection Bureau (CFPB) alleging lax ...

  • 11.26.19

    CFPB News: Enforcement Updates, New Interpretive Rule and Well-Being Report

    In recent Consumer Financial Protection Bureau (CFPB) news, the CFPB notched a $59 million victory in Wisconsin federal court, settled an enforcement action on employment background screening and published an interpretive rule easing the requirements for a temporary loan originator license.  

  • 11.13.19

    States Tackle Student Loan Servicing

    Oversight of student loan servicing remains top of mind for state regulators, with new regulations taking effect in New York, California, Colorado and Maine, and with several other states considering similar measures.

  • 08.28.19

    Federal Reserve Banks Report On Small Businesses Nonemployer Firms

    In a pair of new reports, the 12 Federal Reserve Banks provided data on the financing needs, decisions and outcomes of (i) small businesses (fewer than 500 employees) and (ii) nonemployer firms.

  • 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”).

  • 04.24.19

    State AGs Keep Busy With Enforcement Actions

    Continuing to fill in gaps at the federal level, state attorneys general are keeping busy with enforcement actions, and on issues that might have received more CFPB attention under the old Cordray regime.

  • 03.27.19

    Third Circuit Snares Passive Debt Buyers in FDCPA

    Passive debt buyers are debt collectors under the Fair Debt Collection Practices Act (FDCPA) if their “principal purpose” is buying debt, even if they outsource collections, the U.S. Court of Appeals for the Third Circuit has ruled, broadening liability under the statute.

  • 02.14.19

    Auto Dealer Collides With $3M Penalty for Alleged Deception

    Think again before you simplify your message to sell more cars. A $3 million fine levied in a case from the New York Department of Consumer Affairs (DCA) tells us why.