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New FTC rule bans debt relief providers from charging advance fees

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • July 29 2010

Today the Federal Trade Commission announced a new rule directed specifically at regulating the debt relief industry

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

CFPB proposes new procedural rules for nonbank supervision

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • June 14 2012

Calling it "an important step" in the development of its Nonbank Supervisory Program, the Consumer Financial Protection Bureau (CFPB) announced its proposed rules establishing the procedures the Bureau will use to extend its supervision to certain nonbanks - entities that offer consumer financial products or services but are not banks, thrifts or credit unions

California court rules that online transactions are not subject to state law that limits the collection of personal information

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • September 15 2011

California Civil Code Section 1747.08 prohibits merchants from requesting and recording consumers' personal identification information (PII) in the course of completing credit card transactions