Newsletters

02.14.19

CFPB: More Enforcement, RFI and Servicemember Report

The Consumer Financial Protection Bureau (CFPB or Bureau) has been busy under Director Kathy Kraninger, taking enforcement actions against an online lender, an online loan broker and a group of international payday lenders.


02.14.19

Small-Dollar Lending: State AGs Offer FDIC Advice, CA DBO Takes Action

Small-dollar lending made headlines recently, with a group of 14 attorneys general responding to the Federal Deposit Insurance Corporation’s (FDIC) request for information (RFI) on the subject and a new California Department of Business Oversight (DBO) enforcement action.


02.14.19

N.Y. Court Signs Off on New Deal Between Networks, Merchants

A New York federal judge granted preliminary approval of the second attempt at a settlement between a class of more than 12 million merchants and two card networks, potentially putting an end to the long-running litigation over interchange fees and various card network rules that apply to merchants ...


02.14.19

Otting Paints Positive Picture for Fintech Charters

Comptroller of the Currency Joseph Otting recently weighed in on fintechs, presenting a positive picture for fintech companies considering seeking a special purpose national bank charter from the Office of the Comptroller of the Currency (OCC).


02.14.19

HHS Proposes Revising Anti-Kickback Safe Harbor on Pharmaceutical Rebates

On January 31, the Department of Health & Human Services (HHS) Office of Inspector General (OIG) issued a proposed rule to fundamentally change the system for negotiating drug prices under Medicare Part D and, potentially, for other government and private payers.


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.


02.14.19

Pennsylvania Joins Other States With Guidance on Virtual Currency

Is virtual currency “money” for purposes of the Pennsylvania Money Transmitter Act?


02.07.19

Product or Packaging? Advertiser to Appeal NAD Decision on Origin Claims

J-B Weld Company said it plans to appeal to the National Advertising Review Board (NARB) after the National Advertising Division (NAD) recommended that it discontinue “Made in USA” claims that were posted on its product packaging and website for its epoxy and adhesive products.


02.07.19

CNIL Searches Out Record GDPR Fine for Google

After Google was ordered to pay €50 million (about $57 million) by the French data protection authority—the largest financial penalty under the General Data Protection Regulation (GDPR) to date—other companies were left to wonder whether they are next.


02.07.19

Ross Settles Deceptive Pricing Suit for $5M

A deceptive pricing class action will cost Ross Stores almost $5 million after a federal judge in California granted preliminary approval to the settlement agreement.