Obrea O. Poindexter

Morrison & Foerster LLP

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CFPB Brings First Enforcement Action Involving Deferred Interest Products, Imposes Novel and Burdensome Application Requirements...

Yesterday, the Consumer Financial Protection Bureau (“CFPB”) announced a consent order with GE Capital Retail Bank and its subsidiary CareCredit (collectively “CareCredit”) related to what the CFPB alleges were unfair and...more

12/12/2013 / Applications , CARD Act , Consent Order , Consumer Financial Protection Bureau (CFPB) , Credit Cards , Deferred Interest Products , Disclosure Requirements , Enforcement Actions , GE Capital Retail Bank , Remediation

CFPB Signals Additional Concerns about Consumer Credit Card Market with Report on CARD Act

Yesterday, the Consumer Financial Protection Bureau (“CFPB”) released the “CARD Act Report,” a report summarizing the CFPB’s views on the impact of the Credit Card Accountability Responsibility and Disclosure Act of 2009...more

10/3/2013 / CARD Act , Consumer Financial Protection Bureau (CFPB) , Credit Cards , Disclosure Requirements , Fees

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