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Financial Services Blog Blog

Articles: 1-10 of 75

FTC Reaches Settlement With Debt Collector; Imposes Financial Penalties and Other Remedies

USA - December 29 2017 On Dec. 5, 2017, the Federal Trade Commission reached a settlement with three defendants who it alleged partook in deceptive, abusive and unfair debt…

SEC Acts on Cryptocurrencies and ICOs

USA - December 14 2017 In the past few years, and particularly in the past few months, cryptocurrencies or digital currencies - most notably bitcoin and ether - have surged…

Cordray to Resign as CFPB Director

USA - November 16 2017 In an email to CFPB staff on Wednesday, Director Richard Cordray announced that he will resign by the end of November. Although it is rumored that…

SEC Advisory Committee To Discuss Implications of Blockchain for Securities Markets - No Action Imminent

USA - October 2 2017 Blockchain technology has made the agenda for the October 12, 2017 meeting of the SEC’s Investment Advisory Committee, the SEC announced on September…

CFPB alleges disparate treatment in Amex’s US territories’ credit and collection practices

USA - September 26 2017 The Consumer Financial Protection Bureau (CFPB) has issued a Consent Order addressing alleged disparate treatment by banks in overseas territories of…

Second Circuit Dismisses FACTA Class Action Under Spokeo

USA - September 21 2017 The Second Circuit’s Sept. 19, 2017 decision in Katz v. The Donna Karan Company, LLC, et al., Dkt. No. 15-464, has potentially provided a new road map…

Co-Investment: How Private Equity Firms Can Protect Themselves and Still Make Their Investors Happy

USA - August 21 2017 Co-investment is a major topic in the private equity industry these days. General partners of private equity funds are faced with more and more…

CFPB Unveils Disclosure Forms in Response to Overutilization of Overdraft Fees

USA - August 8 2017 On Aug. 4, the Consumer Financial Protection Bureau (CFPB) released the results of its study into frequent overdrafters and four overdraft disclosure…

Revisiting the Enforceability of Class Action Waivers in Consumer Financial Contracts

USA - July 18 2017 On July 19, 2017, the Consumer Financial Protection Bureau (CFPB) published the final Arbitration Agreements Rule (the rule) that would impact the…

FTC Enters Into $104 Million Settlement With Company for Impermissible Lead Generation

USA - July 11 2017 On July 5, 2017, the Federal Trade Commission (FTC) entered into a stipulated order to memorialize a settlement with a lead-generation business, Blue…