The crux of the CFPB’s “abusive act or practice” claim[1] against Nationwide Biweekly Administration, Inc. (“Nationwide”) is that its customers do not understand how long they must remain in the company’s Interest Minimizer...more
Section 1042(a) of the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act (CFPA) empowers state Attorneys General (AGs) to bring civil actions to enforce federal consumer law against any person offering...more
Dodd-Frank created the Consumer Financial Protection Bureau (“CFPB”) and granted that federal agency significant powers to regulate financial institutions. But Dodd-Frank also empowers state regulators to enforce the new...more
2/25/2015
/ Attorney General ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Debtor-Creditor ,
Dodd-Frank ,
ECOA ,
Enforcement ,
Enforcement Actions ,
Equal Access to Credit ,
Financial Institutions ,
UDAAP ,
Unfair or Deceptive Trade Practices