Consumer Credit and Privacy Compliance
Online research tools to manage compliance with federal and state laws and regulations
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Last Week, This Morning®
Key developments from the past week in consumer and commercial finance and privacy law.
CFPB Seeks to Vacate Settlement with Mortgage Lender
U.S. Senate Passes Resolution to Repeal CFPB's Overdraft Lending Rule
FTC Obtains $17 Million Settlement with Cash Advance Company
Virginia Governor Vetoes Senate Bill 1252
Kentucky Amends Provisions Governing Charges for Defaults on Installment Sale Contracts
Tennessee Increases TILT Act Maximum Interest Rate to 36%
Idaho Joins Arkansas in Enacting Law Restricting Use of Mortgage Trigger Leads
Texas Bill Would Cap Sales-Based Financing "Interest" at 18% a Year
Virginia Requires Dealers to Complete Buyer's Order for Vehicle Leases
California Privacy Protection Agency Takes CCPA Enforcement Action Against Auto Manufacturer for Alleged Violations of Consumers' Privacy Rights
AFSA Submits Comment Letter on CFPB's Proposed Auto Loan Survey
Utah Legislature Passes Earned Wage Access Services Law
Mortgage Loan Originators in Texas Required to Register with NMLS
Oregon Requires Consumer Finance License for Providers of Certain Private Education Loans and Income Share Agreements
California Rule Addresses Pro Rata Annual Assessment Payable by Licensed Debt Collectors and Contents of Their Annual Reports
Oklahoma Department of Consumer Credit Publishes UCCC Dollar Amount Adjustments Effective July 1, 2025
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