Consumer Credit and Privacy Compliance
Online research tools to manage compliance with federal and state laws and regulations
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Hudson Cook Insights
Today's Trends in Credit Regulation
Massachusetts Issues Student Loan Servicing Conduct Rules
By Thomas P. Quinn, Jr.
In last month's issue of Insights we discussed a new licensing regime in the Commonwealth of Massachusetts specific to student loan servicers. As of the publication date of that article the rules such servicers must follow when conducting their business were not yet published. article continued
CFPB Bites of the Month - July Top 10
By Eric Johnson and Justin Hosie
Each month, we host a 30-minute webinar outlining the month's key announcements and takeaways from the Consumer Financial Protection Bureau (CFPB) for financial services providers to consider. In this month's article, we share some of our top "bites" covered during the July 21 webinar. article continued
CRAs, but Not Creditor, Granted Summary Judgment on Voluntary Surrender Reporting Claims
By Jennifer L. Sarvadi
Furnishers and consumer reporting agencies must both reinvestigate a consumer's dispute under the Fair Credit Reporting Act. What each of them must do to satisfy their dispute investigation obligations, however, is a different matter. A recent case serves as a good example. article continued
Statutes of Limitations: Some Guidance for Vehicle Finance from the Ninth Circuit
By Charles F. Dodge, Jr.
Many finance companies, debt buyers, debt collectors, and collection law firms wrestle with the question of which statute of limitations to apply when collecting a deficiency balance on a retail installment contract. States often have different statutes of limitations for contracts or written promises to pay money than they do for sales of goods, like motor vehicles. article continued