Without admitting any wrongdoing, a Wisconsin-area auto dealer group settled a lawsuit brought by the FTC alleging it violated the Federal Trade Commission Act and Equal Credit Opportunity Act by charging American Indian...more
HIGHLIGHTS: The lawsuit alleges that the lender charged more than the allowed 36% rate cap under the Military Lending Act on loans to servicemembers and their dependents, through interest rates and monthly membership fees....more
HIGHLIGHTS: The CFPB announced that it is filing a lawsuit against a payday lender for allegedly concealing free repayment plans and making unauthorized debit-card withdrawals. With its allegations of unfair, deceptive, and...more
HIGHLIGHTS: CFPB announced that it is filing a lawsuit today against a nationwide credit reporting agency, two related companies, and a top executive for violating a January 2017 consent order with the CFPB. ...more
HIGHLIGHTS: The Federal Trade Commission (FTC), jointly with Illinois, announced a $10 million resolution of allegations that a multistate auto dealership group and General Manager violated the FTC Act, Equal Credit...more
HIGHLIGHTS: CFPB announced a $1 million resolution, via administrative consent order, of allegations that a small servicing company made deceptive statements to student loan borrowers relating to their forgiveness and...more
The substantial powers of the Consumer Financial Protection Bureau (CFPB) have recently received renewed attention following the U.S. Supreme Court's decision in Seila Law LLC v. CFPB. That case held that the CFPB was...more
10/13/2020
/ Actual or Constructive Knowledge ,
Administrative Authority ,
Cause of Action Accrual ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Discovery Rule ,
Gabelli v SEC ,
Removal At-Will ,
Risk Mitigation ,
Seila Law LLC v Consumer Financial Protection Bureau ,
Standard of Review ,
Statute of Limitations ,
UDAAP ,
Unfair or Deceptive Trade Practices