Consumer Finance Law Blog

Consumer Finance Law Blog

Developments and Analysis of Consumer Financial Services Laws, Rules, and Regulations

Monthly Archives: October 2010

Warren Discusses New Investigatory Methods

Posted in Consumer Financial Protection
Elizabeth Warren, the person charged with establishing the new Consumer Financial Protection Bureau (“CFPB”), discussed new technology investigatory techniques in a recent interview with National Journal. Warren, on a Silicon Valley tour to further develop these new methods, described the use of “crowd-sourcing” and other real-time information gathering techniques to quickly identify issues impacting consumers. … Continue Reading

Tuesday Talks with Elizabeth Warren

Posted in Consumer Financial Protection
This post was written by Jeffrey Kauffman and Jennifer Kasman. Elizabeth Warren spoke at the White House today during the kickoff event of the Tuesday Talks series, a weekly interactive video chat on the White House website. During the session, Elizabeth Warren addressed several questions regarding her role with the new Bureau of Consumer Financial … Continue Reading

FTC Seeking Public Comment on Collection of Decedents’ Debts

Posted in Consumer Financial Protection, Fair Debt Collection Practices Act (FDCPA)
The FTC released a proposed policy statement with a call for public comments on October 4, 2010. The policy statement clarifies when the FTC will take action under the Fair Debt Collection Practices Act (FDCPA) and the FTC Act against companies collecting the debts of deceased consumers. In general, the FDCPA permits collectors to contact … Continue Reading

FTC’s NPRM re Mortgage Advertising

Posted in Consumer Financial Protection
The Federal Trade Commission (“FTC”) is seeking comment to a proposed rule regarding unfair or deceptive acts and practices in connection with advertising for mortgages.¬† The proposed rule would prohibit misrepresentations in commercial communications regarding any term of any mortgage credit product and would impose recordkeeping requirements. The FTC¬†proposes the rule pursuant to the Omnibus … Continue Reading