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California District Court Delivers Payday Lending Usury Victory to the CFPB with Important Consequences for On-Line Lenders

USA - September 16 2016 On August 31, Judge Walter of the Central District of California entered summary judgment in favor of the Consumer Finance Protection Bureau (“CFPB”)...


CFPB Releases Proposed Amendments to Truth In Lending Disclosure Rules

USA - August 2 2016 Today, the CFPB released its proposed amendments to disclosure requirements under RESPA and TILA. These disclosure requirements are also known as the...


Latest CFPB Report Highlights Consumer Debt Collection Complaints

USA - April 6 2016 On March 29, the Consumer Financial Protection Bureau (CFPB) released its monthly report summarizing consumer complaints received through February...


CFPB Director Cordray Touts Success and Future Agenda

USA - March 11 2016 On March 9, 2016, Consumer Financial Protection Bureau (“CFPB”) Director Richard Cordray outlined the CFPB’s progress and future plans to the...


CFPB Settles With Debt-Collection “Mill” That Filed 350,000 Lawsuits Over Four Years

USA - December 31 2015 The Consumer Financial Protection Bureau (CFPB) has settled a lawsuit with a Georgia law firm allegedly functioning as a debt-collection mill. As...