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President Likely Has Authority To Appoint Acting Director To Replace Cordray At CFPB

USA - November 17 2017 Consumer Financial Protection Bureau (CFPB) Director Richard Cordray’s announced yesterday (as covered here) that he will be resigning from his...

Alan D. Wingfield, Stephen C. Piepgrass, Cindy D. Hanson.


Federal Court Finds 29 Calls in 24 Days Sufficient to State FDCPA Claim

USA - November 15 2017 A federal district court in Connecticut recently ruled that a debt collector’s 29 telephone calls to a debtor’s home telephone over a period of 24...

Timothy "Tim" J. St. George, James K. Trefil, Stephen Lozier.


House Financial Services Committee Hears Bill to Exempt Lawyers from FDCPA in Connection with Legal Proceedings and Related Communications

USA - October 9 2017 On September 7, the Financial Services Committee held hearings on a bill, H.R. 1849: Practice of Law Technical Clarification Act of 2017 (Trott), that...

Ethan G. Ostroff, Maryia Y. Jones.


CFPB Rule Requires Payday Lenders to Apply “Ability to Repay” Standard to Loans

USA - October 5 2017 Today the Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) issued a new rule that will have a significant impact on the payday lending...

Stephen C. Piepgrass, Patrick Dillard, Julie D. Hoffmeister.


CFPB Rule Requires Payday Lenders to Apply “Ability to Repay” Standard to Loans

USA - October 5 2017 Today the Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) issued a new rule that will have a significant impact on the payday lending...

Stephen C. Piepgrass, Ashley L. Taylor, Jr., Patrick Dillard.