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CFPB considers preemption of Maine and Tennessee property laws relating to gift cards

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • September 7 2012

On August 21, 2012, the CFPB issued a notice of intent to determine whether the federal Electronic Fund Transfer Act (EFTA) preempts certain provisions of Maine and Tennessee’s abandoned property laws relating to gift cards

CFPB considering whether state gift card laws are subject to federal pre-emption

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • August 20 2012

As reported previously on the CFPB-Lawblog, the CFPB declared its intent to “extend federal consumer protections to prepaid credit cards.”

Supreme Court surprises again: RESPA standing case dismissed by Supreme Court as improvidently granted

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • July 2 2012

The June 28, 2012 ruling on the Affordable Care Act was not the only surprise that came out of the Supreme Court last week

Bureau participates in Justice's new Consumer Protection Working Group

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • March 15 2012

The United States Department of Justice has introduced another player into the regulatory realm of consumer financial services: the Consumer Protection Working Group (the "CPWG"), which is a unit within the financial Fraud Enforcement Task force that was created in 2009

CFPB proposes “larger participants” rule

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • February 17 2012

The Consumer Financial Protection Bureau ("CFPB") has issued the first in what it anticipates will be a series of proposed rules defining “larger participants” for purposes of establishing CFPB supervisory jurisdiction over nonbanks