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.

Auto

Auto Law Compliance - Learn More
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Mortgage

Mortgage Law Compliance - Learn More
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Installment

Installment Law Compliance - Learn More
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Goods/Services

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Boat/RV/Powersports

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Privacy

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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.

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Last Week, This Morning

Key developments from the past week in consumer and commercial finance and privacy law.

FHFA Expands Uniform Appraisal Dataset to Include FHA Data, Among Other Policy Updates

FHA Requests Feedback on Draft Mortgagee Letter Concerning Nonjudicial Foreclosures with Secretary-Held Subordinate Liens

CFPB Obtains Consent Order with Credit Union Arising from Rollout of New Virtual Banking Platform

Pennsylvania Department of Banking and Securities Allows Credit Decisions to be Made at Limited Purpose Banking Offices

CFPB Finalizes Personal Financial Data Rights Rule

CFPB Settles Claims Against Apple and Partner Bank in Connection with Apple Credit Card

California DFPI's Newest Registration Requirements for Product-Specific Providers Takes Effect on February 15, 2025

Oklahoma Updates Spot Delivery Agreement Criteria and Form

CFPB Issues Consent Order Against Private Dispute Resolution Company

Federal Agencies Adjust Threshold for Exempting Higher-Priced Mortgage Loans From Special Appraisal Requirements

FTC Finalizes Amendments to Negative Option Rule

CFPB Files Lawsuit Against Student Lender

New York DFS Issues Guidance Addressing Cybersecurity Risks Arising From Artificial Intelligence

Hudson Cook Insights

Today's Trends in Credit Regulation

Pay Now or Pay Later, But Paying Later May Cost a Whole Lot More

By Eric L. Johnson

The Consumer Financial Protection Bureau has long required that an institution within the scope of its supervision or enforcement authority, including both depository institutions like banks and non-depository consumer financial services companies like auto finance companies, develop and maintain a written, sound, and robust compliance management system, or CMS, that is integrated into the overall framework for a product's design, delivery, and administration across the institution's entire product and service lifecycle. article continued

When Is a Sale Final? Not Always as Early as You'd Like It to Be

By Eric D. Mulligan

One of the first things I learned in my first-year contracts class in law school was the Uniform Commercial Code. Specifically, the class covered Article 2 of the UCC, which governs sales of goods, including motor vehicles. Though the UCC is (oddly enough) not entirely uniform among states, the differences among different states' versions of the UCC are usually small, and most of the basics are the same in every state. article continued

CFPB Bites of the Month - October 2024 - (Don't Fear) The Reaper CFPB

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 October 2024 webinar. article continued

Featuring BizFinLaw

CounselorLibrary is proud to offer BizFinLaw, a legal reporter to help providers of business finance navigate the evolving landscape of state and federal law. Subscribers of BizFinLaw can stay up to date on legal developments that impact the small business finance industry. article continued

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