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  • Article

    A Practical Approach To Defending Fair Credit Reporting Act Class Actions In Federal Court

    Partners Timothy St. George and David Anthony coauthored a byline published in Business Law Today titled, "A Practical Approach to Defending Fair Credit Reporting Act Class Actions in Federal Court."
    United StatesConsumer Protection
    Troutman Pepper Locke LLP
    Troutman Pepper Locke LLP
  • Article

    CFPB Files Suit Against Third-Party Payment Processor

    On June 6, the CFPB filed suit against third-party payment processor and two of its executives for allegedly enabling unauthorized and other illegal withdrawals from consumer banking accounts by their clients.
    United StatesConsumer Protection
    Jones Day
    Jones Day
  • Article

    California's Attorney General Highlights Challenges In Implementing CCPA

    On August 22, the California attorney general sent a letter to state legislative leaders explaining "several unworkable obligations ...
    United StatesPrivacy
    Jones Day
    Jones Day
  • Article

    The US Senate Introduces The Credit Card Competition Act 2023

    In the June 2023 e-Competitions Bulletin of Concurrences, Managing Directors Ling-Ling Ang and Alan Grant and former Consultant Peter Traber examine the findings of their white paper...
    United StatesAntitrust/Competition Law
    NERA
    NERA
  • Article

    Agencies Issue Proposal On Method To Adjust Thresholds For Exempting Certain Consumer Credit And Lease Transactions

    Agencies Issue Proposal on Method to Adjust Thresholds for Exempting Certain Consumer Credit and Lease Transactions.
    United StatesConsumer Protection
    Orrick
    Orrick
  • Article

    CFPB Orders GE Capital To Pay $225 Million In Consumer Relief For Deceptive And Discriminatory Credit Card Practices

    The CFPB ordered GE Capital Retail Bank to provide an estimated $225 million in relief to consumers harmed by discriminatory credit card practices.
    United StatesConsumer Protection
    A&O Shearman
    A&O Shearman
  • Article

    CFPB Taskforce Report And Recommendations In A Nutshell

    Partner William MacLeod, who was a member of the CFPB, is featured in the June edition of The Banking Law Journal.
    United StatesConsumer Protection
    Kelley Drye & Warren LLP
    Kelley Drye & Warren LLP
  • Article

    CFPB To Issue New Payday Rule In 2019

    The Consumer Financial Protection Bureau ("CFPB") stated that it expects to issue proposed rules in January 2019 aimed at (i) amending the Payday, Vehicle Title, and Certain High-Cost Installment Loans rule and (ii) delaying the rule's compliance date.
    United StatesConsumer Protection
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    CFPB Warns Credit Card Companies Against Deceptively Marketing Promotional Offers

    The CFPB warned credit card companies against deceptively marketing interest-rate promotions, over concerns about companies luring in consumers.
    United StatesConsumer Protection
    Orrick
    Orrick
  • Article

    Deception Alleged By Florida Attorney General

    A discussion on whether your institution is providing clear and conspicuous notice of fees to their consumers.
    United StatesConsumer Protection
    Foley & Lardner LLP
    Foley & Lardner LLP
  • Article

    Focus On Credit Card Promotional Interest Offers

    On September 3, 2014, the CFPB issued a bulletin warning credit card issuers about marketing practices related to promotional interest offers.
    United StatesConsumer Protection
    Morrison Foerster
    Morrison Foerster
  • Article

    New CFPB Mortgage Servicing Amendments Likely To Pose Implementation And Compliance Challenges

    The Consumer Financial Protection Bureau (CFPB) recently released a final rule amending the existing mortgage servicing rules in Regulations X and Z.
    United StatesConsumer Protection
    Bradley Arant Boult Cummings LLP
    Bradley Arant Boult Cummings LLP
  • Article

    OCC Updates Mortgage Banking Booklet In Comptroller’s Handbook

    The Office of the Comptroller of the Currency (OCC), which supervises federally-chartered banks and savings associations, has issued an updated "Mortgage Banking" booklet, which is part of the larger Comptroller’s Handbook.
    United StatesConsumer Protection
    Foley & Lardner LLP
    Foley & Lardner LLP
  • Article

    Settlement Between North Carolina And Payday Lender Serves As Reminder To Payment Processors

    On June 6, the Attorney General for the State of North Carolina executed a settlement agreement with a payday lender, Future Income Payments, LLC, arising out of the payday lender's alleged violation of that state's usury laws.
    United StatesConsumer Protection
    Troutman Pepper Locke LLP
    Troutman Pepper Locke LLP
  • Article

    The CFPB Publishes Final Rule For Prepaid Accounts

    The CFPB finalized comprehensive consumer protections for prepaid account users that require, among other things, financial institutions to limit consumer losses when funds are stolen or cards are lost.
    United StatesConsumer Protection
    Orrick
    Orrick
  • Article

    US Federal Agencies Issue Guidance For Home Equity Lines Of Credit Nearing End-Of-Draw Periods

    Federal Reserve Board and others issued guidance regarding home equity lines of credit ("HELOCs") which were nearing their "end-of-draw" periods.
    United StatesConsumer Protection
    A&O Shearman
    A&O Shearman
  • Article

    Bill Introduced In Congress To Make "Valid When Made" The Law Of The Land

    The Vice Chairman of the House Financial Services Committee introduced H.R. 5724, the Protecting Consumers' Access to Credit Act of 2016.
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    CFPB Director Names Chief Of Staff

    Consumer Financial Protection Bureau ("CFPB") Acting Director Mick Mulvaney officially named Kirsten Sutton Mork as Chief of Staff for the CFPB.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    CFPB Finalizes Rule Aimed At Improving Credit Card Agreement Submission Process

    On April 15, the CFPB issued a final rule aimed at improving the way that companies submit consumer credit card agreements to the CFPB.
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    CFPB Issues Findings On 2016 Consumer Complaints

    The Consumer Financial Protection Bureau ("CFPB") released the Consumer Response Annual Report.
    United StatesFinance and Banking
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
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