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.
2026 Financial Services Conference
November 8-10, 2026
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Last Week, This Morning®
Key developments from the past week in consumer and commercial finance and privacy law.
New Jersey Consumer Finance Licensing Act Does Not Contain Implied Private Right of Action
Bank Failed to Establish Standing to Foreclose Mortgage Securing Home Equity Line of Credit
Oklahoma Amends Motor Vehicle Advertising Rules
Mobile Home Seller Breached RISC By Failing to Provide Statutory Notice to Deceased Buyer's Estate When It Took Possession of Home After Buyer's Death, Despite Contractual Language Allowing Seller to Take Possession
Notice of Default and Right to Cure Was Not Required in Wisconsin Prior to Repossessing Vehicle Where Owner Made Materially False Statement Regarding Her Income in Credit Application
Federal Agencies Issue Guidance on Lending to Borrowers Not Legally Authorized to Work in U.S.
Federal Agencies Issue Statement on Handling of Highly Sensitive Information During Bank Examinations
District of Columbia AG Reaches Settlement With Rent-to-Own Company
Indiana Issues Advisory Regarding Obligation to Refund Unused Portion of Credit Insurance and/or GAP Upon Prepayment of Vehicle Financing
New York City Delays Effective Date of Amended Debt Collection Rule
CFPB Requests Information on Potential Changes to Mortgage Regulations
Maryland Adopts New Rules Defining "Abusive" Practices Under State's Consumer Protection Act
Missouri Criminalizes Unlawful Tracking of Motor Vehicle
State AGs Reach Multistate Settlement with Provider of Peer-to-Peer Payment App
Hudson Cook Insights
Today's Trends in Credit Regulation
New York Advances Buy-Now-Pay Later Regulation With Some Significant Changes
By Thomas P. Quinn, Jr.
As we reported in February, despite having a buy-now-pay-later (BNPL) statute on the books since May of 2025, the effective date of the law is tied to the adoption of an implementing regulation. Recently, that regulation took one step closer toward being finalized. article continued
Minnesota Rejects "Not Collecting for Another" Argument
By Clayton C. Swears
Collection agency licensing laws generally apply to third-party debt collectors—companies collecting debts owed to someone else. Businesses sometimes attempt to structure transactions to avoid that characterization, taking the position they are first-party collectors outside the scope of the licensing requirement. article continued
Consumer Financial Services Bites of the Month - July 15, 2026 - "Saturday in the Park (4th of July)."
By Justin B. Hosie, Eric L. Johnson and Kristen Yarows
In this month's article, we share some of our top "bites" covered during the July 2026 webinar. article continued
DOJ Settles SCRA Violation Allegations with Towing Company
By Erica A.N. Kramer
On May 28, the U.S. Department of Justice announced a settlement with a San Antonio towing company over claims that the company illegally sold, auctioned, or otherwise disposed of approximately 93 vehicles belonging to servicemembers without court orders, in violation of the Servicemembers Civil Relief Act. article continued