The Biden transition has announced the members of its agency review teams....more
The Federal Trade Commission recently provided its annual letter to the CFPB concerning its enforcement activities relating to compliance with Regulation Z (Truth in Lending Act), Regulation M (Consumer Leasing Act), and...more
6/18/2020
/ Annual Reports ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Leasing Act (CLA) ,
Dodd-Frank ,
EFTA ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Popular ,
Regulation E ,
Regulation M ,
Regulation Z ,
Truth in Lending Act (TILA)
For our webinar last Thursday, “Consumer Protection: What’s Happening at the FTC,” we were joined by special guest speakers Andrew Smith, Director of the FTC’s Bureau of Consumer Protection, and Malini Mithal, Associate...more
5/14/2020
/ Antitrust Provisions ,
Artificial Intelligence ,
COPPA ,
Coronavirus/COVID-19 ,
Credit Reports ,
Data Security ,
Enforcement Actions ,
False Advertising ,
Federal Trade Commission (FTC) ,
FinTech ,
Lead Generators ,
Popular ,
Scams ,
Small Business Loans
The CFPB announced that it will host a public workshop with the FTC on December 10, 2019 to discuss issues affecting the accuracy of both traditional credit reports and employment and tenant background screening reports....more
The FTC announced settlements of two lawsuits filed in a California federal district court alleging similar violations of the FTC Act, the Telemarketing Sales Rule (TSR), and the Truth in Lending Act by providers of student...more
9/17/2019
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Buyers ,
Debt Relief ,
Debt-Relief Industry ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Fees ,
Financial Services Industry ,
FTC Act ,
Regulatory Violations ,
Settlement Agreements ,
Student Loans ,
Telemarketing Sales Rule ,
Truth in Lending Act (TILA) ,
Unfair or Deceptive Trade Practices
The Federal Trade Commission recently provided its annual letter to the CFPB concerning its enforcement activities relating to compliance with Regulation Z (Truth in Lending Act), Regulation M (Consumer Leasing Act), and...more
6/11/2019
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
EFTA ,
Enforcement Authority ,
Enforcement Statistics ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Regulation E ,
Regulation M ,
Regulation Z ,
Truth in Lending Act (TILA)
The FTC has launched a dedicated FinTech page on its website where it has assembled FinTech-related materials....more
The FTC has released the final agenda for its June 11, 2019 workshop that will examine consumer protection issues related to the online event ticket marketplace....more
A payment processor and its individual owner have entered into a settlement with the FTC to settle charges that they violated a 2009 federal district court order that required them to review and monitor their merchant clients...more
The FTC and CFPB have reauthorized their memorandum of understanding. According to the FTC’s press release, “the agreement reflects the ongoing coordination between the two agencies under the terms of the Consumer Financial...more
The Federal Trade Commission announced that a planned workshop in Washington, D.C. aimed at examining consumer protection issues related to the online event ticket marketplace has been rescheduled for June 11, 2019 due to the...more
On December 28, 2018, New York Governor Cuomo signed into law amendments to the state’s General Business Law (GBL) that address the collection of family member debts. The amendments made by Senate Bill 3491A become effective...more
The CFPB and the federal banking agencies—the FDIC, Fed, and OCC— remain open during the government shutdown as their funding does not come from congressional appropriations. ...more
The FTC has announced that beginning in September 2018, it will hold a series of 15 to 20 public hearings “on whether broad-based changes in the economy, evolving business practices, new technologies, or international...more
6/29/2018
/ Algorithms ,
Analytics ,
Antitrust Provisions ,
Artificial Intelligence ,
Big Data ,
Competition ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Privacy Concerns ,
Public Comment ,
Public Hearing ,
Regulatory Oversight ,
Regulatory Standards
With the swearing in of four of the five newly-confirmed FTC commissioners, control of the FTC is now in the hands of Republicans.
This week, Joseph Simons, a Republican, was sworn in as FTC Chairman. ...more
Last Thursday, the Senate confirmed five individuals—three Republicans and two Democrats—nominated by President Trump to serve as FTC commissioners. ...more
The FTC has filed comments on the CFPB’s Request for Information regarding its civil investigative demands and investigational hearings.
...more
As we previously reported, on March 23, 2018 in Washington, D.C., the FTC and FCC will co-host a joint policy forum that will cover recent policy changes and enforcement actions as well as the agencies’ efforts to encourage...more
According to its newly-released Consumer Sentinel Network Data Book, the FTC received complaints from 2.68 million consumers in 2017, a decrease from 2016 when 2.98 million consumers submitted complaints....more
On January 25, the White House announced that President Trump had sent the nominations of four individuals to the Senate to serve as FTC commissioners. Three of the nominations, those of Joseph Simons, Rohit Chopra, and Noah...more
Based on a Law360 article reporting on an interview with Thomas Paul, the Acting Director of the FTC Bureau of Consumer Protection, it appears that under its new leadership, the FTC will take a less aggressive approach to...more
As part of its “Class Action Fairness Project,” the FTC is seeking comment on its plans to use an Internet panel to conduct research on class action notices. According to the FTC’s Federal Register notice, the project...more
At the Comply2017 conference held earlier this week in New York City, Scott Steckel, a member of the CFPB’s Office of Consumer Response, gave a presentation in which he detailed the CFPB’s complaint process and how the CFPB...more
A California federal district court has refused to dismiss a lawsuit filed by the CFPB in January 2017 against several law firms and attorneys alleging that the defendants violated the FTC’s Telemarketing Sales Rule (TSR) and...more
Numerous media sources have reported that Senate Minority Leader Chuck Schumer has recommended Rohit Chopra to fill the open Democratic seat on the FTC....more