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CFPB issues final debt collection larger participant rule and examination procedures

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • November 2 2012

The Consumer Financial Protection Bureau has issued its long-awaited final rule defining larger participants of a market for consumer debt collection

CFPB issues remittance transfer rule compliance guide for small businesses

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • October 24 2012

The CFPB has issued a Small Entity Compliance Guide to assist small businesses in complying with the remittance transfer rule

CFPB to make first preemption determinations

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • August 20 2012

The CFPB intends to determine whether certain provisions of Maine and Tennessee laws relating to unclaimed gift cards are preempted by federal law on gift card expiration dates

Could remittance rule exemption signal more breaks for small business?

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • August 9 2012

When CFPB Director Cordray recently testified before Congress, he heard a great deal about the concerns small businesses have about the costs of complying with new CFPB rules

ABA criticizes CFPB’s implementation of SBREFA process

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • August 3 2012

On August 1, the House Committee on Small Business held a hearing which it titled “Know Before You Regulate: The Impact of CFPB Regulations on Small Business.”

Director Cordray to testify before House Small Business Committee

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • July 31 2012

In addition to general concerns about the CFPB’s impact on the consumer financial services industry, special concerns have been raised about how new CFPB regulatory requirements will impact small businesses

FTC holder rule opinion may guide CFPB

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • May 16 2012

On May 3, the Federal Trade Commission issued an advisory opinion interpretating its Holder Rule (officially titled the Trade Regulation Rule Concerning Preservation of Consumers’ Claims and Defenses

CFPB joins DOJ brief defending constitutionality of FCRA

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • May 15 2012

The CFPB’s participation in a memorandum brief filed by the Department of Justice in support of the constitutionality of a provision of the Fair Credit Reporting Act is the most recent example of the CFPB’s activist approach

CFPB files amicus briefs in FDCPA cases

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • April 24 2012

The CFPB has filed amicus briefs in two appeals involving the Fair Debt Collection Practices Actone in the Tenth Circuit and the other in the Eleventh Circuit

CFPB enforcement actions underway

  • Ballard Spahr LLP
  • -
  • USA
  • -
  • March 26 2012

It has been reported that Director Cordray, in a briefing on March 22, stated that CFPB enforcement actions are “in process” but was unwilling to specify when the first cases might be filed