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28 Aug 2023, 4:54 am by John L. Culhane, Jr. and Michael Gordon
The CFPB has filed a lawsuit in a South Carolina federal district court against Heights Finance Holding Co. f/k/a Southern Management Corporation and a group of its wholly-owned, state-licensed subsidiaries (collectively, Southern) in which the CFPB alleges that Southern violated the Consumer Financial Protection Act’s UDAAP prohibition by “churning payment-stressed borrowers in fee-laden refinances. [read post]
18 Aug 2009, 3:57 am
The California stem cell agency is proposing a "tremendous loophole" that will allow biotech companies to escape requirements to ensure affordable access to stem cell therapies generated by taxpayer dollars, the Consumer Watchdog group said today.The group also complained that the regulations are being rushed through a meeting this week of the CIRM board in San Francisco.The comments were filed [read post]
28 Feb 2019, 3:19 pm by Barbara S. Mishkin
  The notices indicate that each of the groups “will discuss policy issues related to financial technology and other trends and themes in consumer finance. [read post]
24 Jul 2018, 5:49 am by Jeremy T. Rosenblum
The CFPB announced last week that it has entered into a consent order with Triton Management Group, Inc., a small-dollar lender, to settle the CFPB’s allegations that Triton had violated the Truth in Lending Act and the CFPA’s UDAAP prohibition by underdisclosing the finance charge on auto title pledges entered into with Mississippi consumers. [read post]
29 Dec 2021, 9:56 am by Wendy Howarter
  With so many people falling prey to consumer fraud, and to help educate and empower consumers, the team at Schlanger Law Group created this consumer protection law outline. [read post]
17 May 2010, 9:10 am by Chris Kramer
Consumer Borrowing Up in March Since February of 2009, consumer borrowing in the U.S. has reportedly been falling, as we collectively try to claw our finances out of the red. [read post]
21 Aug 2014, 8:53 am by Stefanie Jackman
Stefanie JackmanYesterday, the CFPB announced a consent order with First Investors Financial Services Group, Inc., an auto finance company that both makes loans to consumers and purchases retail installment sale contracts from auto dealers. [read post]
25 Mar 2022, 2:29 pm by Wendy Howarter
  Schlanger Law Group Proudly Serves New Jersey Consumers  The consumer protection attorneys at Schlanger Law Group have extensive experience enforcing the New Jersey Consumer Fraud Act and federal laws that protect innocent people in NJ and nationwide. [read post]
29 Mar 2021, 8:50 pm by Simon Lovegrove (UK)
The FCA states that as open finance develops it wants to help ensure that: The needs of consumers are considered from the outset, including vulnerable and digitally excluded consumers. [read post]
15 Apr 2011, 10:30 am by randal shaheen
The Women in Housing and Finance (WHF) hosted a panel last week with two key members of the Consumer Financial Protection Bureau’s (CFPB’s) implementation team, Peggy Twohig and Steve Antonakes.Twohig, formerly the Treasury Department’s Director of the Office of Consumer Protection, is the Assistant Director for Non-Bank Supervision. [read post]
3 Nov 2014, 9:29 am by Reid F. Herlihy
  The trade groups consist of the Consumer Bankers Association, Mortgage Bankers Association, American Bankers Association, Consumer Mortgage Coalition, Financial Services Roundtable and Housing Policy Council. [read post]
17 Sep 2018, 8:56 am by Barbara S. Mishkin
In June 2018, the CFPB announced that it planned to reconstitute three of its advisory groups, the Consumer Advisory Board (CAB), the Community Bank Advisory Council (CBAC), and the Credit Union Advisory Council (CUAC), and disbanded the three groups. [read post]
21 Sep 2022, 2:59 pm by Alan S. Kaplinsky
On September 13, 2022, Public Justice and other consumer advocacy groups sent a letter to CFPB Director Rohit Chopra urging the CFPB to limit the use of “forced” arbitration provisions by banks and other consumer finance companies. [read post]
1 Mar 2022, 7:29 am by Daniel Nevzat (UK)
On 28 February 2022, the Platform on Sustainable Finance issued a report proposing a structure for a social taxonomy within the current EU legislative environment on sustainable finance and sustainable governance. [read post]
14 Jun 2007, 4:03 pm
AFFIL is an umbrella group organized by some of the best advocates of consumer interests: Consumer Federation of America, Consumers Union, ACORN, National Association of Consumer [...] [read post]
6 May 2016, 2:51 am by Walter Olson
The change likely will result in higher litigation costs for banks, which they will offset either by raising the costs of consumer-loan products or reducing services, said Nessa Feddis, senior vice president for consumer protection and payments at the American Bankers Association, an industry group. [read post]
6 Apr 2022, 9:44 am by Wendy Howarter
Unfortunately, the third-largest group of fraud victims—65,000 consumers—lost more than $10,000 each. [read post]
11 Feb 2010, 1:23 pm by JJS
Chicago Partner and member of Arnstein & Lehr’s Consumer Finance Practice Group,  John Ropiequet,  recently published an article in the Consumer Finance Law Quarterly Report entitled “Racial Discrimination Claims in Current Mortgage and Auto Finance Litigation:  The Song Remains the Same. [read post]
1 Nov 2023, 1:12 pm by Barbara S. Mishkin
Alan Kaplinsky, Senior Counsel in and former Practice Group Leader of Ballard Spahr’s Consumer Financial Services Group and frequent host of the Consumer Finance Monitor Podcast (a weekly podcast episode sponsored by our Consumer Financial Services Group) was recently the special guest of Bloomberg Intelligence analysts Elliott Stein and Nathan Dean on their podcast, Votes and Verdicts. [read post]