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Consumer Financial Products › Financial Promotions

A&O Shearman

UK Financial Conduct Authority portfolio letter on strategy for mortgage intermediaries

A&O Shearman on

The U.K. Financial Conduct Authority has published a portfolio letter on its strategy for mortgage intermediaries setting out the areas of regulatory focus for the next two years. The FCA's overarching focus is on embedding...more

Davis Wright Tremaine LLP

CARD Act Report: The CFPB Departs from Precedent

Davis Wright Tremaine LLP on

Editors’ Note: The following is one part of DWT’s ongoing coverage of the 2017 CARD Act Report. Other parts include our prior PLA post The Consumer Credit Market: The CFPB’s 2017 CARD Act Report and a recent FSR webinar....more

Eversheds Sutherland (US) LLP

CFPB Warns Retail Card Companies off Deferred-Interest Promotions

Eversheds Sutherland (US) LLP on

Last week, the Consumer Financial Protection Bureau (CFPB) sent letters to the CEOs of several issuers of store brand credit cards warning of fairness and transparency concerns with deferred-interest promotions. The CFPB has...more

Ballard Spahr LLP

CFPB encourages use of zero-interest promotions

Ballard Spahr LLP on

The CFPB announced that it sent letters to “top retail credit card companies” encouraging them to use zero-interest promotions instead of deferred-interest promotions.  The CFPB also provided a sample letter and published a...more

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