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Results: 11-20 of 40

Debt settlement law progresses in California legislature

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • June 3 2009

A proposed new law that would create extensive regulations governing the debt settlement industry in California is quietly working its way through the California legislature this spring

California enacts law that prohibits collecting up-front fees from a consumer for loan modification or mortgage loan forbearance services

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • November 9 2009

On October 11, Governor Schwarzenegger signed Senate Bill 94 into law which takes effect immediately

California's AB 350 amended to eliminate fee restrictions

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • June 15 2010

The author of California's proposed "Debt Settlement Services Act" (Assembly Bill 350 or AB 350) has amended the bill to eliminate all of the fee restrictions that were included in earlier drafts

In search of exceptions to the FTC’s amended telemarketing sales rule - don’t put your neck in a loophole!

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • August 26 2010

In the days and weeks since the Federal Trade Commission amended the Telemarketing Sales Rule, 16 C.F.R. Parts 310.1-.9, adding specific provisions to govern for-profit debt relief providers (the “TSR Amendments”), there have been many discussions among industry professionals about possible exceptions, or “loopholes,” to the TSR Amendments

New model consumer privacy notices provide safe harbor

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • December 22 2010

Beginning on January 1, 2011, financial institutions subject to the privacy requirements of the Gramm-Leach-Bliley Act (GLB Act) must use revised model consumer privacy notices to qualify for a safe harbor from enforcement actions

FTC's loan modification advance fee ban takes effect

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • February 11 2011

The following information was posted on the Federal Trade Commission's website (www.ftc.gov) on February 10, 2011

New California debt settlement bill would limit fees to no more than 15 of consumer savings

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • March 18 2011

A new bill introduced in California would prohibit debt settlement providers from charging any fees in excess of 15 of the amount of consumers' savings as a result of any settlement

CFPB and Justice Department agree to coordinate fair lending enforcement efforts

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • December 28 2012

The U.S. Department of Justice and the Consumer Financial Protection Bureau have signed an agreement to coordinate fair lending enforcement efforts

D.C. Court holds president's recess appointments constitutionally invalid, raising questions about CFPB's exercise of authority over small banks and non-banks

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • January 30 2013

The U.S. Court of Appeals for the District of Columbia issued an opinion Jan. 25, 2013, that overturns President Barack Obama's recess appointments

President nominates former Ohio Attorney General to serve as director of Consumer Financial Protection Bureau

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • July 20 2011

President Barack Obama formally nominated former Ohio Attorney General Richard Cordray to lead the new Consumer Financial Protection Bureau