FTC Staff Provides Annual Report To CFPB On 2023 Activities Regarding Financial Acts
May 28, 2024 11:20 pmThe staff of the Federal Trade Commission has provided its annual report to the Consumer Financial Protection Bureau on its... View Article
Categories for Headline News
Indiana Appeals Court Rules That A Passive Debt Buyer Is A Debt Collector Under The FDCPA And State Law
May 27, 2024 11:38 pmBy Virginia Bell Flynn & Jovanni Villa The Court of Appeals of Indiana recently upheld a lower court’s decision that... View Article
CFPB Sues SoLo Funds For Deceiving Borrowers And Illegally Extracting Fees
May 19, 2024 11:46 pmThe company advertised zero-cost loans but deployed digital dark patterns resulting in almost every borrower paying at least one fee... View Article
Second Circuit Upholds TCPA Case Dismissal: ATDS Must Generate Phone Numbers, Text Messages Don’t Qualify As Artificial Voices
May 16, 2024 11:58 pmBy David N. Anthony, Virginia Bell Flynn, Stefanie Jackman & Ethan G. Ostroff POSTED IN ALL ENTRIES, CLASS ACTIONS, TCPA... View Article
CFPB Releases Statement On Supreme Court Decision In CFPB v. CFSA
May 16, 2024 11:20 pmThe Consumer Financial Protection Bureau issued a statement today regarding the Supreme Court’s decision in CFPB v. Community Financial Services... View Article
Kabbage Agrees to Pay up to $120 Million to Resolve Allegations that it Defrauded the Paycheck Protection Program
May 14, 2024 10:11 pmBOSTON – Bankrupt lender Kabbage, Inc. d/b/a KServicing, has agreed to resolve allegations that it knowingly submitted thousands of false... View Article
California DFPI’s Proposed EWA Legislation Rejected By Office Of Administrative Law
May 13, 2024 11:04 pmAs discussed here, in March 2023, the California Department of Financial Protection and Innovation (DFPI) proposed new regulations under the... View Article
Massachusetts Issues Advisory Opinion With Implications For Debt Collectors’ Use Of AI
May 7, 2024 11:59 pmBy Ashley Taylor, Abby Hylton, and Namrata Kang Consumer-facing businesses across the U.S. are increasingly incorporating artificial intelligence (AI) into... View Article
DFPI Takes Action Against MOHELA To Protect California Student Loan Borrowers
April 24, 2024 8:05 pmSACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today it has entered into a consent order... View Article
Minnesota House Passes Key Provisions Of Debt Fairness Act
April 23, 2024 9:29 pmOn April 15, the Minnesota House of Representatives passed the Commerce Policy Omnibus bill, which includes key provisions of the... View Article
