Consumer Credit and Privacy Compliance
Online research tools to manage compliance with federal and state laws and regulations
CounselorLibrary.com, LLC, an affiliate of the law firm of Hudson Cook, LLP, is the leading compliance resource for the consumer financial services and privacy industries, providing comprehensive coverage and analysis of federal and state laws, regulations, and litigation. Select a category below, or view all products.
2024 Financial Services Conference
November 6-8, 2024
Save the Date! Our 20th Annual Conference is in Baltimore at the Four Seasons Hotel. For more details and to register, click here.
Last Week, This Morning
Key developments from the past week in consumer and commercial finance and privacy law.
CFPB and Federal Reserve Announce TILA and CLA Thresholds for 2025
CFPB Publishes Special Edition of Supervisory Highlights Concerning Auto Financing
FTC and State Attorneys General Resolve Charges of Inadequate Data Security Practices by Hotel Chains and Require $52 Million Payment to States
Kansas Revises Loan Document Requirements for State Banks for Certain Real Estate Loans
Ohio Amends Short-Term Loan Act Rules
CFPB Provides Additional Guidance on New Nonbank Registry
CFPB Issues Advisory Opinion on Medical Debt Collection
Federal and State Agencies Issue Guidance to Financial Institutions in Aftermath of Hurricane Helene
Mortgage Loan Servicer Ordered to Cease Collections on All Mortgage Loans in Massachusetts
California Limits Ability of Sellers to Require Consumers to Arbitrate Claims
Mortgage Lender Settles Allegations It Submitted False Claims for Federal Mortgage Insurance
FTC Announces Artificial Intelligence Enforcement Sweep
California Revises Certain Foreclosure Requirements
California Law Allows Existing Borrower to Purchase Another Borrower's Interest in Real Property and Assume Seller's Portion of Mortgage
CFPB's Office of Servicemember Affairs Issues Annual Report
Hudson Cook Insights
Today's Trends in Credit Regulation
Bill Under Consideration in California Would Apply Collections Law to Commercial Financing Providers
By Eric Mulligan
California's Senate Bill 1286 is under consideration in the Legislature. The bill, if passed, would expand the scope of the Rosenthal Fair Debt Collection Practices Act to cover the collection of certain commercial-purpose debts. article continued
CFPB Issues Consent Order Related to Bank's Duplicative Force-Placed Insurance Policies
By Frank H. Bishop, Jr.
On July 9, 2024, the Consumer Financial Protection Bureau issued a consent order against a nationally chartered bank that, among other things, includes a number of allegations related to the bank's policies regarding force-placed collateral protection insurance or FPI. article continued
CFPB Bites of the Month - August 2024 - All That's Left of the CFPB's Summer Sky
By Justin B. Hosie, Eric L. Johnson and Kristen Yarows
In this month's article, we share some of our top "bites" for the prior and current month covered during the August 2024 webinar. article continued
FTC Expands Creative Use of Gramm-Leach-Bliley Act to Recover Consumer Redress from Defendants
By Michael A. Goodman
In 2021, the U.S. Supreme Court held unanimously in AMG Capital Management, LLC v. Federal Trade Commission that the Federal Trade Commission is not entitled to consumer redress in cases brought under Section 13(b) of the FTC Act. article continued