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Consumer Financial Services Law Monitor Blog

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CFPB Launches New System to Promote Consistency Among Enforcers

USA - May 17 2022 On May 16, the Consumer Financial Protection Bureau (CFPB or Bureau) announced that it will launch a new system to provide guidance to other agencies…

FTC and CFPB Join Forces on Amicus Brief Arguing That FCRA Does Not Distinguish Between Legal and Factual Inaccuracy

USA - May 17 2022 On May 5, the Consumer Financial Protection Bureau (CFPB or Bureau) and the Federal Trade Commission (FTC) together filed an amicus brief in an…

DOJ’s Recent Guidance on Website Accessibility and the ADA — What Does It Tell Us?

USA - May 12 2022 In our inaugural Episode, Troutman Pepper Consumer Financial Services Partner Chris Willis welcomes fellow CFS Partner Lori Sommerfield in a…

Alvaro Bedoya Confirmed as Third Democrat at FTC

USA - May 12 2022 On May 11, the Senate voted 51-50 to confirm Alvaro Bedoya as a member of the Federal Trade Commission (FTC), requiring Vice President Kamala Harris…

CFPB’s 2021 Fair Lending Report Reframes Fair Lending to Include Nondiscrimination UDAAP Matters

USA - May 11 2022 On May 6, the Consumer Financial Protection Bureau (CFPB or Bureau) released its Fair Lending Report for 2021. As in 2020’s report, published last…

NY State Senate Passes Foreclosure Abuse Prevention Act

USA - May 10 2022 On May 3, the New York State Senate passed S5473D (Bill), which will apply immediately in all actions “in which a final judgment of foreclosure and…

District Court Partially Grants Certification of Consumer Data Breach Class Action

USA - May 10 2022 On May 3, Judge Grimm of the U.S. District Court for the District of Maryland issued a class certification decision in a consumer data breach…

District Court Grants Summary Judgment for Background Screener for Both Negligent and Willful 1681e(b) Claims Related to Reporting of Outdated Eviction Records

USA - May 10 2022 In July 2021, the U.S. District Court for the District of Massachusetts granted summary judgment to a background screening company regarding the…

CFPB Argues the FCRA Requires Furnishers to Investigate Legal Issues Raised in Consumer Disputes

USA - May 6 2022 On April 7, the Consumer Finance Protection Bureau (CFPB or Bureau) filed an amicus brief in an appeal, pending before the Court of Appeals for the…

CFPB Supervisory Report Finds Issues in Several Financial Institution Practices

USA - May 5 2022 On May 2, the Consumer Financial Protection Bureau (CFPB or Bureau) released its Supervisory Highlights report on legal violations discovered during…