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Consumer Financial Services Law Monitor Blog

Articles: 1-10 of 515

FTC Issues Final Rule to Rescind Model Forms and Disclosures to Avoid Overlap with CFPB

USA - June 12 2019 The Federal Trade Commission has issued a Final Rule rescinding several Model Forms and Disclosures it had promulgated under the Fair Credit Reporting…

CFPB Consent Order Highlights Importance of Mortgage Servicers Properly Managing Loan Data

USA - June 10 2019 On May 29, the Consumer Financial Protection Bureau announced a settlement with BSI Financial Services, a Texas-based mortgage servicer. Acting as a…

CFPB Extends Compliance Deadline For Controversial Payday Lending Rule

USA - June 10 2019 On June 10, the Consumer Financial Protection Bureau (CFPB) issued a final rule extending the compliance deadline for key provisions of its…

CFPB’s Kraninger Shows Appetite for CID Enforcement

USA - June 7 2019 Consumer Financial Protection Bureau Director Kathy Kraninger is proving to be more aggressive than her predecessor, Mick Mulvaney. In recent weeks…

Ninth Circuit Reinstates Hyundai, Kia MDL Settlement

USA - June 7 2019 In a closely watched case, the Ninth Circuit issued an 8-3 en banc decision reinstating a $210 million multidistrict class action settlement involving…

Listing Debt Collector’s Phone Number and Address in Letter Did Not Overshadow Consumer’s Validation Rights

USA - June 7 2019 On May 30, a district court judge in the Middle District of Georgia granted a debt collector’s motion for judgment on the pleadings, ruling that the…

Supreme Court Decides the Appropriate Standard for Determining Whether a Creditor Has Violated the Bankruptcy Code’s Discharge Injunction

USA - June 7 2019 It is well settled that the purpose of filing a bankruptcy petition is to “give[] the honest but unfortunate debtor . . . a new opportunity in life…

RoboBLOCKED: FCC Approves Default Blocking of Robocalls by Service Providers

USA - June 6 2019 On June 6, the Federal Communications Commission unanimously approved a declaratory ruling affirming that voice service providers may, as the default…

Medical Software Company Settles Multi-State Lawsuit Alleging HIPAA Violations After Data Breach

USA - June 5 2019 On May 29, medical software company Medical Informatics Engineering, Inc. and its subsidiary NoMoreClipboard, LLC settled a first-of-its-kind lawsuit…

Eighth Circuit Affirms Dismissal of Class Data Breach Litigation Based on Lack of Standing

USA - June 4 2019 Last week, the Eighth Circuit affirmed dismissal of a putative class action data breach lawsuit, holding that the named plaintiff failed to allege…