Attorney General James sued a national bank and its holding company for the bank's alleged practices relating to its offering of online savings accounts. Specifically, the AG claims that the bank offered a "high interest"...more
6/5/2025
/ Bank Holding Company ,
Banks ,
Car Dealerships ,
Civil Investigation Demand ,
Consent Order ,
Constitutional Challenges ,
Consumer Protection Laws ,
Data Collection ,
Data Privacy ,
Enforcement Actions ,
Financial Institutions ,
Geolocation ,
Interest Rates ,
Privacy Laws ,
Savings Accounts ,
Separation of Powers ,
Settlement ,
State Attorneys General ,
Unfair or Deceptive Trade Practices
While uncertainty continued to loom over the CFPB, the states did not take a spring break. Instead, we saw an eye-popping settlement from NY DFS involving BSA/AML claims. And both republican and democratic AGs continued to...more
5/7/2025
/ BSA/AML ,
Consumer Privacy Rights ,
Consumer Protection Laws ,
Data Collection ,
Data Privacy ,
Data Selling ,
Debt Settlement Services ,
Earned Wage Access ,
Enforcement Actions ,
Mortgage Lenders ,
NYDFS ,
Peer-to-Peer ,
Privacy Laws ,
Robocalling ,
Settlement ,
State Attorneys General ,
State Privacy Laws ,
Unfair or Deceptive Trade Practices ,
Usury
The first two months of 2025 were filled with numerous consumer protection actions by state AGs against vehicle dealers and players in the mortgage space, among others. ...more
4/4/2025
/ Automotive Industry ,
Constitutional Challenges ,
Consumer Financial Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Enforcement Actions ,
Financial Services Industry ,
Mortgage Lenders ,
Mortgage Servicers ,
Mortgages ,
Settlement ,
State Attorneys General ,
Unfair or Deceptive Trade Practices
In this article, we share a timeline of our monthly "bites" for 2024 applicable to debt collection practices. Like 2023, the theme of 2024 was medical debt collection....more
2/10/2025
/ Automotive Loans ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Reporting Agencies ,
Credit Reports ,
Debt Collection ,
Fair Credit Reporting Act (FCRA) ,
FDCPA ,
Final Rules ,
Medical Debt ,
Medicare ,
Proposed Rules ,
Unfair or Deceptive Trade Practices
This article is part of a series of articles and webinars Hudson Cook will present over the coming weeks addressing the CFPB's Notice of Proposed Rulemaking on Debt Collection (the "Proposals"). While the Proposals, if...more
7/2/2019
/ Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Creditors ,
Debt Collection ,
Debt Collectors ,
Dodd-Frank ,
FDCPA ,
Notice of Proposed Rulemaking (NOPR) ,
Public Comment ,
Skip Tracing ,
Time-Barred Debt ,
Unfair or Deceptive Trade Practices
On May 7, 2019, the Consumer Financial Protection Bureau ("CFPB" or the Bureau") released its Fair Debt Collection Practices Act ("FDCPA") Notice of Proposed Rulemaking ("Proposals") and Request for Public Comment. The Bureau...more
6/3/2019
/ Communication Restrictions ,
Consumer Financial Protection Bureau (CFPB) ,
Creditors ,
Debt Collection ,
Debt Collectors ,
Debtors ,
Email ,
FDCPA ,
Notice of Proposed Rulemaking (NOPR) ,
Notice Requirements ,
Opt-Outs ,
Proposed Rules ,
Public Comment ,
Safe Harbors ,
Text Messages ,
UDAAP ,
Unfair or Deceptive Trade Practices ,
Unsolicited Phone Calls