On June 13, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra provided the CFPB’s semiannual report to Congress, which included concerns about predatory house-flipping practices by companies like HomeVestors....more
A bipartisan coalition of 23 state attorney generals led by Virginia AG Jason Miyares recently went up in arms about a products liability ruling they believe will threaten state consumer protection laws. On May 30, the...more
6/16/2023
/ Life Sciences ,
Merck ,
Pharmaceutical Industry ,
Preemption ,
Prescription Drugs ,
Product Defects ,
Regulatory Agenda ,
Regulatory Oversight ,
State Attorneys General ,
State Sovereignty ,
Unfair or Deceptive Trade Practices
On May 10, SoLo Funds, Inc. (Solo), one of the largest community lending platforms in the United States, entered into a settlement with the District of Columbia attorney general (OAG). The settlement resolves claims that the...more
6/5/2023
/ Attorney General ,
Consumer Financial Products ,
Consumer Protection Act ,
Enforcement Actions ,
Financial Services Industry ,
Lenders ,
Loans ,
Online Marketplace Lending ,
Regulatory Oversight ,
Unfair or Deceptive Trade Practices ,
Usury
On April 7, California Attorney General Rob Bonta and Assembly member Brian Maienschein announced new legislative bill AB 1366, which creates a state Treasury Victims of Consumer Fraud Restitution Fund (VCFRF) to benefit...more
4/12/2023
/ Attorney General ,
California ,
Compensation ,
Crime Victims ,
Disgorgement ,
Legislative Agendas ,
New Legislation ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Reform ,
Restitution ,
Victim Compensation Fund