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
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Last Week, This Morning
Key developments from the past week in consumer and commercial finance and privacy law.
HUD Files Complaint Against Appraiser, Appraisal Management Company, and Mortgage Lender for Racial Discrimination in Violation of FHA
FCC Chairwoman Proposes Rules on AI-Generated Robocalls
CFPB Issues Proposed Interpretive Rule on Earned Wage Access Products
Indiana AG Obtains Consent Judgment with Used Car Dealer over Practices Involving Subprime Credit Customers
Connecticut Commercial Financing Registration Opens; Missouri Commercial Financing Law Passed
FTC and Online Used Car Dealer Agree to Settle Alleged Unfair and Deceptive Advertising and Business Practices Claims
CFPB's New Edition of Supervisory Highlights Focuses on Debt Collection and Loan Servicing
CFPB Issues Proposed Rule Amending Mortgage Servicing Regulations
Pennsylvania Enacts Prohibition of Early Contract Termination Fees Upon Death Act
Florida Increases Consumer Finance Loan Interest Rate and Imposes Other New Requirements on Consumer Finance Lenders
California Regulator Revokes Finance Lending License of Synapse Credit LLC
U.S. Supreme Court Overrules Chevron Doctrine
FHFA Conditionally Approves Limited Pilot Allowing Freddie Mac to Purchase Certain Second Mortgage Loans
Federal Agencies Finalize Rule Implementing Quality Control Standards for Automated Valuation Models
Federal District Court Issues Preliminary Injunction Enjoining Colorado from Enforcing DIDMCA Opt-Out
Louisiana Enacts Bill Regulating Data Collection of Minors by Social Media Platforms
CFPB Sets New Compliance Dates for Small Business Lending Rule
Hudson Cook Insights
Today's Trends in Credit Regulation
Company Violates Mortgage Law by Holding Servicing Rights without License
By Clayton C. Swears
It is usually no surprise to companies operating in the financial services space that they may need a state license to make or service consumer loans. That is particularly true when the loans are highly regulated residential mortgage loans. article continued
AAA Makes Changes in Attempt to Reign in Mass Arbitration
By Eric L. Johnson
Ever heard of "mass arbitration"? If you haven't heard of that term, you may be lucky. By rule of thumb, a "mass" of something isn't necessarily a good thing (unless it's a mass of tacos on my plate). If you have heard of mass arbitration or been subjected to a mass arbitration, help may be on the way from the American Arbitration Association. article continued
CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May
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 May 2024 webinar. article continued
To Litigate or to Arbitrate: That Is the Question!
By Gabriela I. Chambi and Julia K. Whitelock
You've been sued by a consumer. Now what?
First things first: What are your business's priorities regarding how and where the dispute is resolved? Should the dispute be resolved by a court, or could it be resolved through arbitration? article continued