The CFPB sanctioned student loan servicing company Edfinancial Services, LLC for allegedly making deceptive statements and misrepresenting the eligibility of student loan borrowers for loan forgiveness under the Public...more
In a March 25 letter to Rohit Chopra, Director of the Consumer Financial Protection Bureau, AGs from 21 states, plus the Hawaii Office of Consumer Protection, responded to the CFPB’s Notice and Request for Comment Regarding...more
The State AG Report – 2.3.2022
Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US:...
...more
•The CFPB launched a public inquiry aimed at reducing exploitative fees charged by banks and financial companies.
•The request for public information seeks public input from a broad range of market participants to help...more
The State AG Report – 1.27.2022-
Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US:
Google...more
The CFPB announced it will begin examining the operations of post-secondary schools, including for-profit colleges, to review their practices in extending private loans directly to students...more
The CFPB released its annual report of credit and consumer reporting complaints, focusing on how national consumer credit reporting bureaus respond to consumer complaints submitted through the CFPB about incomplete or...more
Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US:
Show Me the Money: Attorneys General Urge CFPB...more
1/11/2022
/ Acquisitions ,
Big Tech ,
Consumer Financial Protection Bureau (CFPB) ,
Cracker Barrel ,
Diversity ,
Employment Discrimination ,
Federal Trade Commission (FTC) ,
Hart-Scott-Rodino Act ,
Hazardous Substances ,
Liquid Natural Gas ,
Payment Systems ,
Pipelines ,
Pregnancy Discrimination ,
Pregnant Workers Fairness Act ,
Railways ,
Reasonable Accommodation ,
Retirement Plan ,
State Attorneys General
On December 20, 2021, a bipartisan group of 33 AGs, led by Idaho AG Lawrence Wasden and Oregon AG Ellen Rosenblum, sent a letter to the Director of the CFPB in response to the CFPB’s Request for Comments on its inquiry into...more
The CFPB issued market-monitoring orders under the Dodd-Frank Wall Street Reform and Consumer Protection Act to five companies offering “buy now, pay later” credit requiring them to provide information for its examination of...more
Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: Democratic Attorneys General Ask FDA to Set...more
The Consumer Financial Protection Bureau (“CFPB”) and U.S. Department of Justice (“DOJ”) reached a settlement with Trustmark National Bank (“Trustmark”) to resolve allegations that it discriminated against Black and Hispanic...more
Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: New York Attorney General Sets Enforcement...more
10/25/2021
/ Amicus Briefs ,
Cease and Desist Orders ,
Communications Decency Act ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
DuPont ,
Environmental Protection Agency (EPA) ,
Environmental Violations ,
Fair Credit Reporting Act (FCRA) ,
Hazardous Waste ,
IRS ,
Martin Act ,
Medicaid ,
Natural Gas ,
Private Equity ,
Section 230 ,
State Attorneys General
North Carolina AG Josh Stein, the Consumer Financial Protection Bureau (“CFPB”), and the Federal Trade Commission (“FTC”) filed an amicus brief in the United States Court of Appeals for the Fourth Circuit in support of the...more
Democratic AGs Seek Review of Sweeping U.S. Postal Service Changes - Two A group of 20 Democratic AGs, led by New York AG Letitia James and Pennsylvania AG Josh Shapiro, filed a complaint with the Postal Regulatory Commission...more
The Consumer Financial Protection Bureau (“CFPB”) reached a settlement with reverse mortgage provider American Advisors Group (“AAG”) to resolve allegations that it engaged in deceptive conduct to market and sell its reverse...more
The Consumer Financial Protection Bureau (“CFPB”) reached a settlement with private student loan company Better Future Forward Inc. and related companies (collectively, “Better Future”) over allegedly deceptive practices in...more
Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: Expensive Pets: Scammer Sells Badly Behaved...more
8/23/2021
/ Competition ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Debt Collectors ,
Department of Labor (DOL) ,
Dodd-Frank ,
Electronic Fund Transfer Act ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
State Attorneys General ,
Unfair or Deceptive Trade Practices
The Consumer Financial Protection Bureau (“CFPB”) reached a settlement with debt collection company Fair Collections & Outsourcing Holdings, Inc. and its owner and related entities (collectively “FCO”) to resolve allegations...more
The Consumer Financial Protection Bureau (“CFPB”) reached a settlement with financial company Driver Loan, LLC and its Chief Operating Officer (collectively “Driver Loan”) to resolve allegations that it misled consumers with...more
On May 11, 2021, the National Association of Attorneys General (NAAG) held its Spring Consumer Protection Conference virtually with more than 500 attendees. The conference comprised a series of panel discussions with state...more
5/13/2021
/ AMG Capital Management LLC v FTC ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Coronavirus/COVID-19 ,
FCC ,
Federal Trade Commission (FTC) ,
Fraud ,
Health Claims ,
IRS ,
Phishing Scams ,
Remediation ,
Restitution ,
Robocalling ,
SCOTUS ,
State and Local Government ,
State Attorneys General ,
Unfair or Deceptive Trade Practices
The Federal Trade Commission (“FTC”) and the Consumer Financial Protection Bureau (“CFPB”) sent joint notification letters to the largest residential landlords in the United States, reminding them of the COVID-19-related...more
The Consumer Financial Protection Bureau (“CFPB”) reached a settlement with reverse-mortgage lender Nationwide Equities Corporation (“Nationwide Equities”) to resolve allegations that it used false and misleading advertising...more
4/30/2021
/ Civil Monetary Penalty ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Act ,
Dodd-Frank ,
False Advertising ,
Foreclosure ,
Misleading Statements ,
Mortgage Lenders ,
Mortgages ,
Pre-approval ,
Reverse Mortgages
The Consumer Financial Protection Bureau (“CFPB”) issued an interim final rule clarifying and strengthening tenant protections under the Fair Debt Collection Practices Act (“FDCPA”), in support of the Centers for Disease...more
2022 AG Elections-
Kansas Attorney General Eyes Governor’s Mansion-
•Kansas AG Derek Schmidt announced his candidacy for the Republican nomination for Governor in 2022.
•Schmidt, who first assumed the AG’s office in...more
3/12/2021
/ Borrowers ,
Bostock v Clayton County Georgia ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Consent Decrees ,
Consumer Bill of Rights ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Deceptive Intent ,
Delinquent Borrowers ,
ECOA ,
Events ,
False Advertising ,
Federal Trade Commission (FTC) ,
FTC Act ,
Gender Discrimination ,
Health Claims ,
Immigrants ,
Lenders ,
Low-Income Issues ,
Marketing ,
Misleading Statements ,
Payment Protection Insurance ,
Public Charities ,
Regulation B ,
Retailers ,
Robocalling ,
Sex Discrimination ,
Sexual Orientation Discrimination ,
Small Claims Court ,
State Attorneys General ,
Title VII ,
Unfair Competition Law (UCL) ,
Warranties