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State AGs

The CFPB Targets Lender’s Credit Card Division With More Than $200MM In Penalties

CFPB  •  Credit Cards  •  Debt Collection  •  Enforcement  •  Enforcement Actions  •  OCC  •  State AGs  •  UDAP/UDAAP
The Consumer Financial Protection Bureau (CFPB) has set its sights on debt collection practices again.  In April, we wrote about the CFPB’s $63 million settlement with a mortgage servicer, Green Tree Mortgage, in part for Green Tree’s alleged […]

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Add-On Products Continue To Present Litigation Risks For Lenders

Add-On Products  •  Auto Finance  •  CFPB  •  Credit Cards  •  FDIC  •  FTC  •  Litigation  •  OCC  •  State AGs
The Consumer Financial Protection Bureau’s recent action against two credit card vendors regarding credit monitoring and identity theft protection services is a reminder of the legal risks associated with certain add-on products. The July 1 […]

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Interagency Guidance: Regulators Will Enforce UDAAP Laws Notwithstanding Repeal of Regulation AA

CFPB  •  Dodd-Frank  •  Enforcement  •  Fair Lending / Fair Servicing  •  FDCPA  •  FDIC  •  FRB  •  OCC  •  State AGs  •  UDAP/UDAAP
The Federal Reserve Board recently made headlines when it repealed its Regulation AA to comply with the Dodd-Frank Act, leading some to wonder how, and to what extent, regulation of financial institutions might change going forward. But the federal agencies charged with regulating […]

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