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8 Jun 2017, 9:30 pm by Sarah Madigan
” The CHOICE Act calls for replacing the Consumer Financial Protection Bureau (CFPB) with a “Consumer Law Enforcement Agency” and “bringing the Agency into the regular appropriations process. [read post]
7 Jun 2017, 11:34 am by Aurora Barnes
Consumer Financial Protection Bureau  16-673 Issues: (1) Whether a federal official may retroactively ratify an ultra vires government action when: (a) no federal official was authorized to perform the act at the time it was initially undertaken; (b) the purported ratification does not include an examination of any facts related to the act performed; or (c) the ratification purports to encompass not only the initial act but also federal court rulings entered… [read post]
6 Jun 2017, 3:06 pm
Indeed, at least one consumer represented in this class action never even banked with Wells Fargo or signed an account contract.Experts from the Fair Arbitration Now (FAN) coalition are available to comment on this hearing, as well as a forthcoming rule from the Consumer Financial Protection Bureau (CFPB) that would restrict the use of arbitration clauses in future consumer financial contracts. [read post]
6 Jun 2017, 3:06 pm
Indeed, at least one consumer represented in this class action never even banked with Wells Fargo or signed an account contract.Experts from the Fair Arbitration Now (FAN) coalition are available to comment on this hearing, as well as a forthcoming rule from the Consumer Financial Protection Bureau (CFPB) that would restrict the use of arbitration clauses in future consumer financial contracts. [read post]
FTC Jumps to Consumers’ Defense in Trampoline Marketing Deception On May 31, 2017, brothers Son Le and Bao Le agreed to settle FTC charges that their trampoline marketing deceived consumers by directing them to review websites that were not, but claimed to be, independent, and by failing to disclose financial interests when posting online product endorsements. [read post]
6 Jun 2017, 1:20 pm by Phyllis H. Marcus
FTC Jumps to Consumers’ Defense in Trampoline Marketing Deception On May 31, 2017, brothers Son Le and Bao Le agreed to settle FTC charges that their trampoline marketing deceived consumers by directing them to review websites that were not, but claimed to be, independent, and by failing to disclose financial interests when posting online product endorsements. [read post]
5 Jun 2017, 8:29 am by Christie D. Arkovich, P.A.
Having a watchdog such as the Consumer Financial Protection Bureau (CFPB) out there looking out for consumers’ interests is a good thing. [read post]
1 Jun 2017, 2:34 pm by Barbara S. Mishkin
A California federal district court has refused to dismiss a lawsuit filed by the CFPB in January 2017 against several law firms and attorneys alleging that the defendants violated the FTC’s Telemarketing Sales Rule (TSR) and the Consumer Financial Protection Act (CFPA) by illegally charging upfront fees for debt relief services which were disguised as fees for bankruptcy services. [read post]
31 May 2017, 3:44 pm
In February 2014 it was sued by the Consumer Financial Protection Bureau for predatory student lending—pressuring and tricking students into applying for high-cost private student loans that ITT knew the majority of students would default on. [read post]
26 May 2017, 10:56 am by Juliana D. Gerrick
In a more typical fashion, the report highlights data and trends from complaints submitted by military consumers. [read post]
25 May 2017, 9:30 pm by Sarah Madigan
” The budget would reportedly “dismantle” the Dodd-Frank Wall Street Reform and Consumer Protection Act, in part by cutting funding for the Consumer Financial Protection Bureau (CFPB), which was created by the Dodd-Frank law. [read post]
24 May 2017, 4:00 pm by Elie Mystal
" [TMZ] * To be honest, I forgot that the Consumer Financial Protection Bureau existed. [read post]
24 May 2017, 4:35 am by Edith Roberts
Consumer Financial Protection Bureau; at the Foundation’s Legal Pulse blog, Richard Samp argues that the court should rectify the CFPB’s “end-run around Article II limitations on the President’s authority to appoint federal officers without the Senate’s approval. [read post]
22 May 2017, 7:11 am by Cathy Moran
House as piggybank The risks of reverse mortgages are becoming more apparent, summarized in this Consumer Financial Protection Bureau report to Congress. [read post]
19 May 2017, 7:34 am by Jacqueline M. Allen
And in addition to gleaning tips such as these from consent orders, it is helpful to consult guidance from the FTC and Consumer Financial Protection Bureau (CFPB) on legal requirements and expectations for providing products to consumers. [read post]
18 May 2017, 5:14 am by John L. Culhane, Jr.
Those recommendations included a reassessment by policymakers of the treatment of borrowers with severely delinquent or defaulted loans and consideration of steps to streamline, simplify or enhance the current consumer protections in place for such borrowers. [read post]
17 May 2017, 12:25 pm by Richard J. Andreano, Jr.
  The ABA notes that it is “concerned that the Bureau has not initiated a public rulemaking to address the significant consumer privacy dangers and data protection threats that the expanded HMDA data collection poses. [read post]
On May 10, 2017, the Consumer Financial Protection Bureau (CFPB) announced steps toward issuing regulations to impose data reporting requirements on the small business lending industry, a rulemaking required under the Dodd-Frank Act of 2010. [read post]
16 May 2017, 3:29 pm by Steve Gottlieb
And the bill renames the Consumer Financial Protection Bureau and “reduces its power to enforce pre-existing consumer protection laws. [read post]
16 May 2017, 7:48 am by Cynthia Marcotte Stamer
Management Pointers & Action Items The Supreme Court’s construction of the FAA as establishing an “equal protection” rule for arbitration provisions us likely to have implications beyond health care contracts to a broad range of other state laws and rules that purport to protect consumers, employees and others to contractually waive their litigation rights. [read post]