On July 11, 2024, the United States Court of Appeals for the Seventh Circuit issued its highly anticipated decision in Consumer Financial Protection Bureau v. Townstone Financial, Inc., et al. In this pivotal decision, the...more
Nearly two years ago, in April 2022, the CFPB issued a press release announcing its intent to start exercising its authority to examine non-bank financial services institutions that the CFPB has “reasonable cause to determine...more
A recent decision from the Maryland Court of Appeals provided somewhat surprising new guidance on the permissibility of confessed judgment clauses in consumer contracts. In Goshen Run Homeowners Association, Inc. v. Cisneros,...more
2/18/2020
/ Appeals ,
Confession of Judgment ,
Consumer Contracts ,
Consumer Lenders ,
Consumer Protection Act ,
Contract Disputes ,
Contract Terms ,
Debt Collection ,
Financial Services Industry ,
Homeowners ,
Homeowners Association (HOA) ,
New Guidance ,
Promissory Notes