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CFPB Bans Third-Party Payment Processor and Its Founder for Ignoring Fraud and Supporting Scammers

USA - January 25 2022 On January 18, the Consumer Financial Protection Bureau (CFPB) filed a proposed final judgment and order in its March 2021 lawsuit against…

Keith J. Barnett, Carlin A. McCrory, Matthew White

Challenges to Payday Rule’s Ability to Repay Provisions Denied

USA - January 20 2022 On January 14, a D.C. federal judge granted the Consumer Financial Protection Bureau’s (CFPB) motion to dismiss a case filed by the National…

Keith J. Barnett, Carlin A. McCrory, Matthew White

Automatic Renewal State Law Changes Effective January 1, 2022

USA - January 4 2022 Colorado and Delaware have enacted new laws for automatic renewal or negative options offers. The new laws became effective January 1, 2022. Illinois…

Carlin A. McCrory

New Jersey Introduces a Virtual Currency and Blockchain Bill

USA - December 8 2021 On November 22, the New Jersey State Senate introduced Senate Bill No. 4163 (NJ S4163), titled “Virtual Currency and Blockchain Regulation Act.

Keith J. Barnett, Carlin A. McCrory

CFPB Director Rohit Chopra Responds to Stablecoin Report

USA - November 5 2021 On November 2, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra released a statement on the Report on Stablecoins issued by the…

Keith J. Barnett, Carlin A. McCrory, Matthew White