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What You Need To Know – Background Info On Current Issues

Potential CFPB Reform in the Wake of the Election

CFPB  •  Enforcement  •  U.S. House  •  U.S. Senate  •  What You Need To Know - Background Info On Current Issues
The results of the recent election have led to speculation regarding what legal changes are in store for the consumer financial services industry and the CFPB in particular.  Although President-elect Trump and other Republicans have […]

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CFPB Considering Debt Collection Reform Proposals

CFPB  •  Debt Collection  •  FDCPA  •  Goodwin Procter News  •  Regulation  •  Regulation Primers  •  What You Need To Know - Background Info On Current Issues
*Editor’s Note:  This post originally appeared on our firm site as a client alert. Summary On July 28, the Consumer Financial Protection Bureau (the CFPB) released a summary of proposals it is considering to reform […]

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CFPB Releases Report on Single-Payment Vehicle Title Loans

CFPB  •  Debt Collection  •  Small Dollar Lending/Lenders  •  What You Need To Know - Background Info On Current Issues
Earlier this month, the Consumer Financial Protection Bureau (CFPB) issued a report analyzing consumer usage and default patterns for certain single-payment vehicle title loans (the “Report”).  Vehicle title loans are loans issued to borrowers by non-depository […]

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Treasury Department Weighs in on Online Marketplace Lending

Fair Lending / Fair Servicing  •  Online  •  Regulation  •  Small Dollar Lending/Lenders  •  What You Need To Know - Background Info On Current Issues
On May 10, 2016, the U.S. Treasury Department released a white paper entitled, “Opportunities and Challenges in Online Marketplace Lending.”  The white paper is the result of a request for information that elicited more than […]

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Consumer Financial Protection Bureau Proposes Rules Prohibiting Class-Action Waivers in Arbitration Agreements

CFPB  •  Class Actions  •  Litigation  •  What You Need To Know - Background Info On Current Issues
On May 5, 2016, the Consumer Financial Protection Bureau issued long-expected proposed rules that will drastically limit the use of pre-dispute arbitration clauses in contracts for consumer financial products and services. First, the proposed rules […]

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Anticipating Decisions In Three Supreme Court Cases With Potential To Impact Class Action Litigation

Class Actions  •  Consumer Reporting  •  FCRA  •  Litigation  •  What You Need To Know - Background Info On Current Issues
The US Supreme Court’s October 2015 term includes three cases that may have important implications for class action litigation: Spokeo Inc. v. Robins et al., 13-1339, Campbell-Ewald Co. v. Gomez, 14-857, and Tyson Foods, Inc. v. […]

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What You Need To Know About The CFPB’s Proposal to Use the Dodd-Frank Act to Expand the FDCPA to First-Party Debt Collectors

CFPB  •  Debt Collection  •  Dodd-Frank  •  FDCPA  •  What You Need To Know - Background Info On Current Issues
Speculation abounds regarding what the CFPB’s expected 2015 rules regarding first party debt collectors will be.  Here’s the background you need to know. On November 12, 2013, the CFPB issued an Advance Notice of Proposed Rulemaking, […]

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