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Results: 1-10 of 74

GAO Sounds Death Knell for the CFPB’s Key Statement of its “Disparate Impact” Theories in Indirect Auto Finance
  • Troutman Sanders LLP
  • USA
  • December 6 2017

On Tuesday, December 5, 2017, the Government Accountability Office ("GAO") levelled a heavy blow on a major regulatory initiative of the Consumer


Consulting New Leadership on Case Against Tribal Lenders, CFPB Obtains Extension
  • Troutman Sanders LLP
  • USA
  • December 5 2017

With President Trump’s pick, Mick Mulvaney, remaining as the Acting Director of the Consumer Financial Protection Bureau, the CFPB has filed a motion


Bad Day for Payday Lender: Jury Convicts Online Lender of $220M
  • Troutman Sanders LLP
  • USA
  • December 4 2017

Recently, a Manhattan federal jury convicted Richard Moseley Sr., the head of an online network of payday lenders and loan servicers, on charges of


Auto Lendingand DelinquenciesStay on Upward Trend
  • Troutman Sanders LLP
  • USA
  • December 1 2017

A recent report released by the Center for Microeconomic Data at the Federal Reserve Bank of New York found that American household debt continues to


Bank to Pay $2.8 Million in Consumer Restitution to Settle Alleged Deceptive Fee Practices
  • Troutman Sanders LLP
  • USA
  • November 30 2017

The Board of Governors of the Federal Reserve System recently issued a Consent Order against Peoples Bank, based in Lawrence, Kansas, to settle claims


Federal Judge Denies Injunction, Leaving Trump Appointee Mick Mulvaney Head of CFPB
  • Troutman Sanders LLP
  • USA
  • November 29 2017

Mick Mulvaney, President Donald J. Trump's choice to head the Consumer Financial Protection Bureau ("CFPB" or "Bureau") until a permanent director can


New Mexico AG Supports Tribal Defendants in Civil Action Filed by CFPB
  • Troutman Sanders LLP
  • USA
  • November 28 2017

On November 27, New Mexico Attorney General Hector Balderas joined the ranks of amici curiae in Consumer Financial Protection Bureau v. Golden Valley


CFPB Removes Ban on Arbitration Agreements from CFR Following Congressional and Presidential Disapproval of Rule
  • Troutman Sanders LLP
  • USA
  • November 28 2017

As anticipated, the Consumer Financial Protection Bureau has officially removed from publication a rule that would have prohibited arbitration


State Court Among First to Dismiss FCRA Claim for Lack of Injury-in-Fact
  • Troutman Sanders LLP
  • USA
  • November 27 2017

In Miles v. The Company Store, consumer Timothy Miles brought a claim in state court against retailer The Company Store for alleged violations of the


President Likely Has Authority To Appoint Acting Director To Replace Cordray At CFPB
  • Troutman Sanders LLP
  • USA
  • November 17 2017

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray’s announced yesterday (as covered here) that he will be resigning from his