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Turkey Lowers the Maximum Period for Consumer Loans, Plus Credit Card Instalment Schemes
  • Moroğlu Arseven
  • Turkey
  • September 20 2018

Turkey’s Banking Regulatory and Supervisory Authority (“Authority”) has lowered the cap on consumer loans. Accordingly, from 1 September 2018, the

DOL Issues Four New FLSA Opinion Letters
  • Proskauer Rose LLP
  • USA
  • August 29 2018

Summer’s not over yet! On August 28, 2018, the U.S. Department of Labor issued four new letters in response to requests for opinions under the Fair

Sixth Circuit Upholds Class Certification of FDCPA Claims Despite Spokeo Challenge
  • Baker & Hostetler LLP
  • USA
  • August 22 2018

Last month, the Sixth Circuit in Macy et al v. GC Services Ltd Partnership unanimously upheld certification of a class under the Fair Debt Collection

Gearing Up Engines for the Sale of Israeli Credit Card Companies Leumi Card and Isracard
  • Gornitzky & Co
  • Global, Israel
  • August 21 2018

On 18 February 2018, the Bank of Israel published a long awaited document setting out criteria for receiving a control permit for controlling an

Credit card lending and consumer protection in Australia
  • Gilbert + Tobin
  • Australia
  • August 21 2018

The regulation of credit card lending in Australia has been the subject of major reform since 2009, with increased government scrutiny focused on the

Ohio Court of Appeals Rules Unsigned Credit Card Agreements Can Be Written Contracts
  • Maurice Wutscher LLP
  • USA
  • August 9 2018

In a recent decision, the Ohio Court of Appeals considered the question whether, for the purpose of determining the applicable statute of limitations

Australia’s Notifiable Data Breaches scheme kicks into gear
  • Maddocks
  • Australia
  • August 1 2018

New data from the Office of the Information Commissioner (OAIC) has revealed that a total of 242 data breaches were reported in the second quarter of

Federal Reserve submits annual report to Congress on credit card profitability by depository institutions
  • Buckley Sandler LLP
  • USA
  • July 17 2018

In July, the Federal Reserve Board submitted its annual report to Congress on the profitability of credit cards as required by Section 8 of the Fair

U.S. Supreme Court Sides with Amex in Landmark Card Case
  • Davis Wright Tremaine LLP
  • USA
  • July 11 2018

A divided U.S. Supreme Court sided with American Express Company and American Express Travel Related Services Company (Amex) over Ohio, sixteen other

ASIC reviews credit card lending practices
  • Cowell Clarke
  • Australia
  • July 10 2018

Between 2012 and 2017, the Australian Securities and Investments Commission (ASIC) undertook a review of credit card lending in Australia. ASIC’s