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The Consumer Financial Services Blog Blog

Articles: 1-10 of 414

6th Cir. Holds EFTA Does Not Provide Indemnification or Contribution Right for Financial Institutions

USA - July 22 2024 The U.S. Court of Appeals for the Sixth Circuit recently upheld the dismissal of a financial institution's putative class action lawsuit against a…

Rhode Island Enacts Haphazard Customer Data Privacy Law

USA - July 2 2024 Rhode Island Senate Bill 2500, the “Rhode Island Data Transparency and Privacy Protection Act,” was enacted on June 28 without Gov. Dan McKee’s…

11th Cir. Holds Anti-Modification Provision in Bankruptcy Code Applies to Mixed-Use Real Properties

USA - June 24 2024 The U.S. Court of Appeals for the Eleventh Circuit recently held that the anti-modification provision in the federal Bankruptcy Code applies to loans…

New Jersey Enacts Comprehensive Consumer Data Privacy Law

USA - January 23 2024 New Jersey Gov. Phil Murphy on Jan. 16 signed into law Senate Bill 332, making New Jersey the 13th state to enact a comprehensive consumer data…

Economy, Pandemic Drove Up Bankruptcy Filings in 2023 With No Abatement Expected This Year

USA - January 18 2024 A look back at bankruptcy trends and litigation in 2023 reveals a spike in bankruptcy filings driven by economic factors and fallout from the…

Calif. App. Court (4th Dist) Rejects Borrowers’ Claims Arising Out of Regulator’s Unlicensed Lending Action

USA - December 4 2023 The California Court of Appeal, Fourth District, recently held two borrowers’ allegations that their lender was not properly licensed were…

7th Cir. Holds Hiring Attorney, Paying Appearance Fee, Emotional Distress Not Enough for Article III Standing

USA - August 17 2023 The U.S. Court of Appeals for the Seventh Circuit recently affirmed the dismissal of a debtor's federal Fair Debt Collection Practices Act lawsuit…

6th Cir. Holds Mortgagee’s Foreclosure Action Time-Barred Under Tennessee Law

USA - May 15 2023 The U.S. Court of Appeals for the Sixth Circuit recently affirmed a trial court’s decision granting summary judgment and dismissing a mortgagee’s…

Illinois App. Court (1st Dist) Holds ‘Small Servicer’ Exempt from RESPA Loss Mitigation Rules

USA - May 12 2023 The Appellate Court of Illinois, First District, recently held that a borrower failed to identify any meritorious defense sufficient to stop or undo…

‘Tennessee Information Protection Act’ with NIST Security Standards Enacted

USA - May 12 2023 Tennessee Gov. Bill Lee on May 11 signed into law House Bill 1181, making Tennessee the eighth state to enact a comprehensive consumer data privacy…