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CFPB releases Spanish translations of certain disclosures

USA - May 13 2022 On May 11, the CFPB announced that it made available Spanish translations of certain disclosures to help financial institutions better support…

Senate confirms Bedoya as FTC commissioner; Powell to serve second term as Fed chair

USA - May 13 2022 On May 11, the U.S. Senate voted along party lines to confirm Alvaro Bedoya as an FTC Commissioner. Bedoya, who brings a background in privacy and…

Agencies issue revised interagency flood insurance Q&As

USA - May 13 2022 On May 11, the FDIC, OCC, Federal Reserve Board, NCUA, and the Farm Credit Administration jointly issued revised, reorganized, and expanded…

FDIC, HUD announce New Mexico wildfire regulatory and disaster relief

USA - May 12 2022 On May 9, the FDIC issued FIL-19-2022 to provide regulatory relief to financial institutions and help facilitate recovery in areas of New Mexico…

Retailers must pay $5.5 million to resolve deceptive product representation

USA - May 12 2022 On May 10, the DOJ announced that two national retailers agreed to pay a $2.5 million and a $3 million civil penalty (see here and here) to resolve…

Georgia updates license exemption provisions

USA - May 12 2022 On May 2, the Georgia governor signed HB 891, which updates provisions related to licensing exemptions. The bill establishes that, starting on July 1…

FTC temporarily halts unlawful credit repair operation

USA - May 12 2022 On May 6, the FTC announced that the U.S. District Court for the Middle District of Florida granted a temporary restraining order against a credit…

District Court dismisses privacy class action claims citing absence of jurisdiction

USA - May 12 2022 On May 5, the U.S. District Court for the Northern District of California granted defendants’ motions to dismiss a putative class action concerning…

Agencies instruct servicers to pause foreclosures while HAF assistance is available

USA - May 12 2022 On May 6, the Secretaries of HUD, Department of Veterans Affairs, Department of Agriculture, and Treasury announced that servicers of…

1st Circuit: Bankruptcy Code “unequivocally strips tribes” of their sovereign immunity to sue

USA - May 12 2022 On May 6, the U.S. Court of Appeals for the First Circuit reversed a district court’s decision, ruling that American tribes are not exempt from…