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CFPB proposes revisions to rules on international money transfers by consumers

Foley & Lardner LLP
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USA
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January 18 2013

The Consumer Financial Protection Bureau (CFPB) recently issued proposed changes to the rule it originally proposed on January 20, 2011, governing

Indiana consumer protection law violates the commerce clause

Foley & Lardner LLP
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USA
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February 3 2010

In a January 28, 2010 opinion, Midwest Title Loans, Inc. v. Mills, the Seventh Circuit has affirmed a permanent injunction issued by the district court invalidating a section of Indiana’s version of the Uniform Consumer Credit Code for violating the Commerce Clause of the U.S. Constitution

Eleventh Circuit interprets "bona fide error" defense to the FDCPA

Foley & Lardner LLP
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USA
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January 13 2011

In deciding a case of first impression for the Court, the Eleventh Circuit recently joined other circuits, including the Eighth and Ninth Circuits, in finding that determining if a debt collector can benefit from the "bona fide error" defense to the Fair Debt Collection Practices Act ("FDCPA") is a fact-intensive inquiry that requires a case-by-case analysis

Ninth Circuit issues ruling on limitations of preemption

Foley & Lardner LLP
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USA
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August 5 2011

This week, the U.S. Court of Appeals for the Ninth Circuit ruled that the Rees-Levering Act (also known as the California Automobile Sales Finance Act), a California law regulating debt collection and repossession, is not preempted by the National Bank Act

New CFPB director’s first act: implement federal nondepository supervision program

Foley & Lardner LLP
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USA
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January 10 2012

On Thursday, January 5, 2012, President Obama purported to make a recess appointment of Richard Cordray as the first director of the Consumer Financial Protection Bureau (CFPB

Court permits creditor to charge and collect convenience or expedited payment fees

Foley & Lardner LLP
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USA
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March 1 2012

In recent years, many creditors instituted convenience or “expedited payment” fees, charging consumers for payments made by telephone andor online rather than by mail

CFPB releases interim rules regarding procedures for states to notify Bureau of actions to enforce CFPA

Foley & Lardner LLP
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USA
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July 28 2011

The interim rule went into effect today, July 28, 2011, regarding the process by which state officials are to notify the CFPB of actions or proceedings undertaken to enforce any requirements of the Consumer Financial Protection Act ("CFPA"

FTC issues updated guidance regarding FCRA

Foley & Lardner LLP
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USA
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July 31 2011

On July 20, the Federal Trade Commission issued a staff report updating the agency’s guidance on the Fair Credit Reporting Act (FCRA

Bureau issues progress report

Foley & Lardner LLP
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USA
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July 18 2011

On July 18, 2011, the Consumer Financial Protection Bureau issued a "progress report" entitled "Building the CFPB"

Bureau reports to Congress on differences between creditor-purchased and consumer-purchased credit scores; further research and analysis to come

Foley & Lardner LLP
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USA
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July 21 2011

The Bureau has issued a report to Congress which examines different credit scoring models and products, their availability and use, and how differing availability of types of credit scores may disadvantage consumers