In this Webinar Hudson Cook partner, Mark Rooney, will examine the Supreme Court’s recently completed term and discuss how its major decisions will affect the consumer financial services market. The discussion will focus in...more
On May 17, 2024, the CFPB filed a lawsuit in the U.S. District Court for the Central District of California against a financial technology company for violations of the CFPA and FCRA....more
In May 2019, the CFPB initially sued six associated companies for allegedly violating the Consumer Financial Protection Act's prohibition against deceptive practices and the Telemarketing Sales Rule ("TSR")....more
8/30/2023
/ Civil Monetary Penalty ,
Consent Order ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Repair Services ,
Financial Services Industry ,
Redress Payments ,
Stipulated Judgment ,
Telemarketing ,
Telemarketing Sales Rule
In a decision highly anticipated by the auto finance industry, a federal appeals court recently held that auto loans remain exempt from the Military Lending Act even when they finance related costs or services beyond the...more
6/7/2023
/ Ancillary Agreements ,
Automotive Loans ,
Consumer Financial Products ,
Consumer Lenders ,
Department of Defense (DOD) ,
Dual Purpose ,
Exemptions ,
Legal History ,
Military Lending Act ,
Military Service Members ,
Predatory Lending
HIGHLIGHTS: CFPB and the New York Attorney General ("NY AG") announced a proposed settlement of a lawsuit—originally filed in September 2020—against six interrelated companies and five individual defendants. The various...more
The Supreme Court will consider several cases affecting the consumer financial services industry in its upcoming term, which starts October 5. The cases involve substantive issues of liability to consumers, questions relating...more
10/9/2020
/ AMG Capital Management LLC v FTC ,
Arbitration ,
Arbitrators ,
ATDS ,
Collins v Mnuchin ,
Constitutional Challenges ,
Consumer Financial Products ,
Facebook Inc v Duguid ,
False Advertising ,
Federal Arbitration Act ,
Federal Trade Commission (FTC) ,
FHFA ,
Henry Schein Inc v Archer and White Sales Inc ,
Liability ,
Liu v Securities and Exchange Commission ,
Removal For-Cause ,
Restitution ,
SCOTUS ,
Seila Law LLC v Consumer Financial Protection Bureau ,
TCPA