Results 6 to 10 of 134

The Impact of AMG Capital Management on Consumer Financial Services Enforcement

USA - April 30 2021 In a unanimous opinion on April 22, 2021, the United States Supreme Court held in AMG Capital Management, LLC v. Federal Trade Commission that…

Allyson B. Baker, Meredith L. Boylan, Erin Zacuto Cass, Allen H. Denson, Peter S. Frechette, Leonard L. Gordon, Jonathan L. Pompan

Illinois Joins States Capping Consumer Loan Interest Rates at 36%

USA - April 22 2021 Through the recent Predatory Loan Prevention Act (PLPA), which imposes a 36% APR cap on interest rates for consumer loans under $40,000, Illinois…

Allyson B. Baker, Peter S. Frechette, Daniel D. Lynch

Past Is Prologue? The CFPB Reiterates Its Commitment to Consumers' Ability to Repay Small Dollar Loans

USA - March 25 2021 The CFPB has signaled that it is back to business as usual when it comes to certain high-cost consumer loans and "sustained use." As you may recall…

Allyson B. Baker, Allen H. Denson, Brandon Wong

CFPB Clarifies that the ECOA Protects Sexual Orientation and Gender Identity

USA - March 23 2021 A newly effective CFPB Interpretive Rule expands the scope of the Equal Credit Opportunity Act (ECOA) and Regulation B to encompass sexual…

Allyson B. Baker, Peter S. Frechette

CFPB Rescinds 2020 Policy Statement on "Abusive" Acts or Practices

USA - March 23 2021 The CFPB has rescinded its January 2020 Policy Statement regarding the Bureau's approach to "abusive" acts or practices under the Consumer Financial…

Allyson B. Baker, Peter S. Frechette