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.
Trump Issues Executive Order to Set Policy on Disparate-Impact Liability
Maryland Enacts Legislation Exempting Entities that Acquire or Are Assigned Mortgage or Installment Loans from Licensing Requirement
Maryland Requires Conventional Home Mortgage Loans to Be Assumable in Connection with Decree of Absolute Divorce
Maine Prohibits Charging Fees to Customers for Receiving Paper Statements
Nominal Amount Spent by Consumer to Mail Allegedly FDCPA-Violative Collection Letter to Her Attorney Satisfied Injury for Standing Analysis
CFPB Provides Regulatory Relief from Non-Bank Registry Requirements
Federal District Court Vacates CFPB's Credit Card Late Fee Rule
CFPB Internal Memo Highlights Supervision and Enforcement Priorities
FHA Permanently Sunsets COVID-19 Loss Mitigation Options
FCC Delays Effective Date of New Standard Requiring Broad Application of TCPA Consent Revocation
CFPB Releases Report on Practice of "Piggybacking"
U.S. House Passes Resolutions to Repeal CFPB's Overdraft Lending Rule and Digital Payments Rule
Illinois Amends Consumer Installment Loan Act and Sales Finance Agency Act Regulations Concerning Net Worth Requirement, Refunds of Unearned Charges, and Property Damage Insurance
Kansas Establishes Regulatory Sandbox Program
Hudson Cook Insights
Today's Trends in Credit Regulation
Massachusetts Junk Fee Regulation Presents Challenges to Advertising of Bank Deposit Products
By Thomas P. Quinn, Jr.
In early March, nearly a year and a half after it was initially proposed, the Massachusetts Attorney General's Office finalized the Commonwealth's "junk fee" regulation (the "Final Rule") while simultaneously issuing a business guidance document (the "Guidance Document") that provides interpretive gloss to the Final Rule. article continued
State AGs Step Up Privacy Enforcement
By Erik Kosa
With attention on Democratic Attorneys General vowing to fill the void left by weakened federal regulators, and perhaps a more partisan divide on enforcement generally, a bipartisan consensus is quietly emerging in the states when it comes to privacy enforcement.
On February 26, Attorney General Tim Griffin (R-AR) announced that Arkansas has sued General Motors and its subsidiary OnStar for selling consumer data to third parties without consent. article continued
Consumer Financial Services Bites of the Month - March 19, 2025 - Melancholy March 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 March 2025 webinar. article continued
The CFPB's Future is Unclear, but Its $42 Million Judgment Still Sends a Clear Message
By Tracy Wang
If we could use only one word to describe the future of the Consumer Financial Protection Bureau, I think most of us would agree on the word "uncertain." However, one thing seems certain to occur as we wait to see what will happen with the CFPB: a rise in state enforcement efforts. article continued