The California Department of Financial Protection and Innovation (“DFPI”) announced new requirements pursuant to the California Consumer Financial Protection Law (“CCFPL”) for registration of certain consumer financial...more
In an effort it describes as intended to help “level the playing field” between banks and nonbank consumer financial service providers that are sometimes characterized as “Big Tech”, the Consumer Financial Protection Bureau...more
Consumer debt collectors may not be permitted to charge consumers “convenience fees” for card payments, which the Consumer Financial Protection Board (the “CFPB”) calls “pay-to-pay” fees, unless the underlying loan agreement...more
8/19/2022
/ Advisory Opinions ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Convenience Fees ,
Debt Collection ,
Debt Collectors ,
Enforcement ,
Exclusions ,
FDCPA ,
Fees ,
Loan Agreements ,
Statutory Requirements ,
Third-Party Service Provider ,
UDAAP
Bryan Cave colleagues Ken Achenbach and Sean Christy join Jonathan and me on this episode of The Bank Account to examine the ability of banks to gain efficiency through shared services. Throughout the business environment,...more
9/8/2017
/ Automated Systems ,
Automation Systems ,
Bank Service Providers ,
Banking Sector ,
Banks ,
Consumer Financial Products ,
Financial Services Industry ,
FinTech ,
Innovative Technology ,
Outsourcing ,
Technology
Bryan Cave’s Ken Achenbach joins hosts Jonathan Hightower and Rob Klingler to discuss the data-driven marketing of credit products by financial services companies....more