01.27.22
On January 20, 2022, the Consumer Financial Protection Bureau (CFPB) announced that it will examine postsecondary schools’ “in-house” lending practices (the Announcement).
01.18.22
Illinois adopted a first-of-its-kind law regulating entities that advise consumers about college or career searches, financial aid, or scholarships, or that assist with planning, preparing or submitting applications on behalf of a consumer.
12.23.21
An exemption from the California lender licensing law for a person making a single commercial-purpose loan in a rolling 12-month period is about to “sunset” in California, impacting persons who have relied upon the exemption, including when structuring transactions through ...
12.22.21
On December 15, 2021, the New York State Department of Financial Services published proposed amendments to the state’s debt collection regulations.
12.20.21
On December 16, 2021, the Consumer Financial Protection Bureau announced a “market monitoring” inquiry into “buy now, pay later” credit offered by five companies.
12.14.21
Earlier this month, the California Department of Financial Protection and Innovation sent an email with the attention-grabbing subject line “Want to continue operating in California?
11.04.21
In late October, the Consumer Financial Protection Bureau (CFPB) sent a shot across the bow at Big Tech’s use of consumer payments data.
10.26.21
On October 19, 2021, the Consumer Financial Protection Bureau entered into its first consent order under new Director Rohit Chopra, finding that a service provider to state correctional departments violated the Electronic Funds Transfer Act and the Consumer Financial Protection Act in providing ...
10.18.21
On September 21, 2021, the New York Department of Financial Services released its pre-proposed regulations to implement the commercial financing disclosure requirements in S5470-B and S898.
10.01.21
On September 30, 2021, the U.S. Senate, on a party-line vote, confirmed the nomination of Rohit Chopra to head the Consumer Financial Protection Bureau.