Consumer Finance Law Blog http://www.consumerfinancelawblog.com/ en Copyright 2013 Tue, 30 Apr 2013 14:15:41 -0500 Tue, 30 Apr 2013 14:15:41 -0500 http://www.movabletype.org http://blogs.law.harvard.edu/tech/rss CFPB Finds State Unclaimed Property Law Preempted by Federal Credit CARD Act http://www.consumerfinancelawblog.com/2013/04/articles/gift-cards/cfpb-finds-state-unclaimed-property-law-preempted-by-federal-credit-card-act/ http://www.consumerfinancelawblog.com/2013/04/articles/gift-cards/cfpb-finds-state-unclaimed-property-law-preempted-by-federal-credit-card-act/ Tue, 30 Apr 2013 14:07:14 -0500 astrang@porterwright.com (Donnelly L. McDowell) CFPB to Begin Accepting Consumer Complaints Regarding the Debt Collection Industry in 2013 The Consumer Financial Protection Bureau (CFPB) plans to begin accepting consumer complaints regarding the debt collection industry in the second quarter of this year, according to a report issued yesterday by Bloomberg News. The CFPB presently accepts complaints regarding a limited number of CFPB-regulated products and services, including bank accounts, http://www.consumerfinancelawblog.com/2013/01/articles/consumer-financial-protection/cfpb-to-begin-accepting-consumer-complaints-regarding-the-debt-collection-industry-in-2013/ http://www.consumerfinancelawblog.com/2013/01/articles/consumer-financial-protection/cfpb-to-begin-accepting-consumer-complaints-regarding-the-debt-collection-industry-in-2013/ Fri, 25 Jan 2013 13:23:46 -0500 astrang@porterwright.com (Donnelly L. McDowell) FTC & CFPB Announce Partnership to Warn and Investigate Mortgage Advertisers http://www.consumerfinancelawblog.com/2012/11/articles/consumer-financial-protection/ftc-cfpb-announce-partnership-to-warn-and-investigate-mortgage-advertisers/ http://www.consumerfinancelawblog.com/2012/11/articles/consumer-financial-protection/ftc-cfpb-announce-partnership-to-warn-and-investigate-mortgage-advertisers/ Tue, 20 Nov 2012 10:13:43 -0500 cgrymes@kelleydrye.com (Christie Grymes Thompson) The CFPB's Enforcement Strategy Gleaned From Consumer Complaint Analytics On August 2, 2012, the Consumer Financial Protection Bureau (CFPB) issued its second Semi-Annual Report to Congress. The report provides an update on the CFPB's activities since its first report in January 2012 as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Many of the agency's initiatives http://www.consumerfinancelawblog.com/2012/08/articles/consumer-financial-protection/the-cfpbs-enforcement-strategy-gleaned-from-consumer-complaint-analytics/ http://www.consumerfinancelawblog.com/2012/08/articles/consumer-financial-protection/the-cfpbs-enforcement-strategy-gleaned-from-consumer-complaint-analytics/ Mon, 06 Aug 2012 15:06:25 -0500 sschiavetti@kelleydrye.com (Sharon Kim Schiavetti) CFPB Defines "Larger Participants" of the Consumer Reporting Market On July 16, 2012, the Consumer Financial Protection Bureau (CFPB) issued a final rule granting it supervisory authority over leading credit reporting agencies. Those firms newly subject to the CFPB's oversight include the big three consumer reporting agencies, Equifax, Experian, and TransUnion, as well as nonbank entities engaging in consumer http://www.consumerfinancelawblog.com/2012/07/articles/consumer-financial-protection/cfpb-defines-larger-participants-of-the-consumer-reporting-market/ http://www.consumerfinancelawblog.com/2012/07/articles/consumer-financial-protection/cfpb-defines-larger-participants-of-the-consumer-reporting-market/ Wed, 18 Jul 2012 21:06:14 -0500 sschiavetti@kelleydrye.com (Sharon Kim Schiavetti) CFPB Issues Final Rules of Practice Governing the Agency's Adjudication and Investigational Proceedings and an Interim Final Rule Pursuant to the Equal Access to Justice Act http://www.consumerfinancelawblog.com/2012/07/articles/consumer-financial-protection/cfpb-issues-final-rules-of-practice-governing-the-agencys-adjudication-and-investigational-proceedings-and-an-interim-final-rule-pursuant-to-the-equal-access-to-justice-act/ http://www.consumerfinancelawblog.com/2012/07/articles/consumer-financial-protection/cfpb-issues-final-rules-of-practice-governing-the-agencys-adjudication-and-investigational-proceedings-and-an-interim-final-rule-pursuant-to-the-equal-access-to-justice-act/ Mon, 02 Jul 2012 21:21:14 -0500 sschiavetti@kelleydrye.com (Sharon Kim Schiavetti) FTC Settles Landmark FCRA Case Involving the Sale of Social Media Data for Employment Screening The Federal Trade Commission (FTC) today announced its settlement with Spokeo, Inc. for alleged violations of the Fair Credit Reporting Act (FCRA) and Section 5(a) of the FTC Act. As part of the FTC's ongoing enforcement of the FCRA to regulate the collection, dissemination, and use of consumer credit information, http://www.consumerfinancelawblog.com/2012/06/articles/consumer-financial-protection/ftc-settles-landmark-fcra-case-involving-the-sale-of-social-media-data-for-employment-screening/ http://www.consumerfinancelawblog.com/2012/06/articles/consumer-financial-protection/ftc-settles-landmark-fcra-case-involving-the-sale-of-social-media-data-for-employment-screening/ Tue, 12 Jun 2012 16:41:46 -0500 sschiavetti@kelleydrye.com (Sharon Kim Schiavetti) CFPB Announces Final Enforcement Action Rules http://www.consumerfinancelawblog.com/2012/06/articles/consumer-financial-protection/cfpb-announces-final-enforcement-action-rules/ http://www.consumerfinancelawblog.com/2012/06/articles/consumer-financial-protection/cfpb-announces-final-enforcement-action-rules/ Mon, 11 Jun 2012 09:47:59 -0500 cgrymes@kelleydrye.com (Christie Grymes Thompson) CFPB Releases Proposed Rule for Supervision of Non-Bank Persons Based on "Reasonable Cause" On May 25, 2012, the CFPB released a proposed rule outlining its process for determining whether a covered person has engaged, or is engaging in, conduct that poses risks to consumers related to the offering or provision of consumer financial products or services. The proposed rule sets out the procedures http://www.consumerfinancelawblog.com/2012/06/articles/consumer-financial-protection/cfpb-releases-proposed-rule-for-supervision-of-nonbank-persons-based-on-reasonable-cause/ http://www.consumerfinancelawblog.com/2012/06/articles/consumer-financial-protection/cfpb-releases-proposed-rule-for-supervision-of-nonbank-persons-based-on-reasonable-cause/ Wed, 06 Jun 2012 19:42:16 -0500 kmcpartland@kelleydrye.com (Kristin A. McPartland) CFPB Holds Field Hearing on General Purpose Reloadable Prepaid Cards On May 23, 2012, the Consumer Financial Protection Bureau (CFPB) officially launched its prepaid card initiative. In addition to issuing an Advance Notice of Proposed Rulemaking (ANPR), the CFPB hosted a field hearing in Durham, North Carolina, on general purpose reloadable prepaid cards, a rapidly growing segment of prepaid cards. http://www.consumerfinancelawblog.com/2012/05/articles/consumer-financial-protection/cfpb-holds-field-hearing-on-general-purpose-reloadable-prepaid-cards/ http://www.consumerfinancelawblog.com/2012/05/articles/consumer-financial-protection/cfpb-holds-field-hearing-on-general-purpose-reloadable-prepaid-cards/ Thu, 24 May 2012 10:10:37 -0500 sschiavetti@kelleydrye.com (Sharon Kim Schiavetti)