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.
Last Week, This Morning®
Key developments from the past week in consumer and commercial finance and privacy law.
New York Enacts FAIR Business Practices Act
FTC Sends Warning Letters to Companies Concerning Potential Non-Compliance with Consumer Review Rule
CFPB Issues Advisory Opinion on Application of TILA and Reg. Z to Certain Earned Wage Access Products
OCC Proposes Rule Amendments Relating to Real Estate Escrow Accounts
Illinois Adopts New Consumer Legal Funding Act Rules Concerning Refinancing and Pro Rata Fees
FTC Announces Proposed Consent Order with Company over Alleged Security Failures that Resulted in Theft of $186 Million from Customers
CFPB Releases FDCPA Annual Report
OCC Files Amicus Brief in Colorado DIDMCA Opt-Out Case
Massachusetts AG Reaches $4.65 Million Settlement with Mortgage Loan Servicer
Credit Repair Company Settles Claims Concerning Allegedly Unlawful "Piggybacking" Practices
CFPB and Federal Reserve Publish TILA and CLA Thresholds for 2026
Trump Issues Executive Order to Establish National Policy on AI
FTC to Hold Workshop on Age Verification Technologies
New York Superintendent of Financial Services May Impose Civil Penalties on Unlicensed Entities for Violations of Banking and Financial Services Laws
Assignee of RISC Could Not Compel Arbitration of Car Buyer's Claims Pursuant to Arbitration Provision in Purchase Order
Hudson Cook Insights
Today's Trends in Credit Regulation
California Enacts the Combating Auto Retail Scams (CARS) Act
By Dana F. Clarke
On October 6, California Governor Gavin Newsom signed Senate Bill 766—the California Combating Auto Retail Scams (CARS) Act—which purports to help make the car-buying process more transparent and strengthen consumer protection laws, including by preventing car retailers from tacking on add-on services and other features that do not benefit car buyers or lessees. article continued
Consumer Financial Services Bites of the Month - November 19, 2025 - "November Rain with the CFPB"
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 November 2025 webinar. article continued
DOJ Settles with Auto Finance Company Accused of Illegally Repossessing Servicemembers' Vehicles
By Eric D. Mulligan
The settlement also requires New City to pay restitution and penalties. Specifically, New City must pay $60,000 in restitution to resolve the claims of improper repossessions between June 16, 2018, and August 18, 2023. New City must also submit an electronically searchable list of its repossessions between August 19, 2023, and September 29, 2025. article continued