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.
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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.
Mortgage Lender's VA Cash-Out Refinance Loans Allegedly Violated CFPA
CFPB's Annual FDCPA Report to Congress Focuses on Medical and Rental Debt Collection
California Legislature Passes Bill Applying Consumer Debt Collection Law to Commercial Financing Providers
State Attorneys General Submit Comment Letter on CFPB's Proposed Interpretive Rule Concerning EWA Products
Federal District Court Rejects Claims that CFPB Violated APA in Promulgating Small Business Lending Rule
CFPB Issues Report on Cash-Back Fees
FTC Updates Fees Charged for Access to National Do Not Call Registry
FHA Establishes Interim Procedures for Nonjudicial Foreclosures with Secretary-Held Subordinate Liens
Colorado Revises UCCC Recordkeeping Requirements, Creates Rule Governing Consumer Legal Funding Transactions, and Limits Applicability of Rule Governing Permissible GAP Charges
Federal Appellate Court Determines that TILA's Offset Prohibition Applies to HELOCs
CFPB Settles Claims Alleging Mortgage Servicer Violated Prior Order and Continued to Engage in Prohibited Loss Mitigation Activities
New Hampshire Banking Department Issues FAQs Regarding H.B. 1243
California Amends Provisions Governing Pawnbrokers
FTC Sues Major Auto Dealership Group for Discriminating Against Black and Latino Customers and Charging for Voluntary Products Without Consent
Hudson Cook Insights
Today's Trends in Credit Regulation
Bill Under Consideration in California Would Apply Collections Law to Commercial Financing Providers
By Eric Mulligan
California's Senate Bill 1286 is under consideration in the Legislature. The bill, if passed, would expand the scope of the Rosenthal Fair Debt Collection Practices Act to cover the collection of certain commercial-purpose debts. article continued
CFPB Issues Consent Order Related to Bank's Duplicative Force-Placed Insurance Policies
By Frank H. Bishop, Jr.
On July 9, 2024, the Consumer Financial Protection Bureau issued a consent order against a nationally chartered bank that, among other things, includes a number of allegations related to the bank's policies regarding force-placed collateral protection insurance or FPI. article continued
CFPB Bites of the Month - August 2024 - All That's Left of the CFPB's Summer Sky
By Justin B. Hosie, Eric L. Johnson and Kristen Yarows
In this month's article, we share some of our top "bites" for the prior and current month covered during the August 2024 webinar. article continued
FTC Expands Creative Use of Gramm-Leach-Bliley Act to Recover Consumer Redress from Defendants
By Michael A. Goodman
In 2021, the U.S. Supreme Court held unanimously in AMG Capital Management, LLC v. Federal Trade Commission that the Federal Trade Commission is not entitled to consumer redress in cases brought under Section 13(b) of the FTC Act. article continued