The cannabidiol (CBD) industry has been on the receiving end of over a half dozen new consumer class actions in recent weeks, which is likely only the beginning for the emerging industry....more
1/7/2020
/ Advertising ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Class Action ,
Damages ,
Enforcement Actions ,
False Advertising ,
Federal Food Drug and Cosmetic Act (FFDCA) ,
Food and Drug Administration (FDA) ,
Marijuana ,
Marijuana Related Businesses ,
Medical Foods ,
Medical Marijuana ,
Misleading Statements ,
Plant Based Products ,
Product Labels ,
Recreational Use ,
Regulatory Oversight ,
Regulatory Violations ,
Retail Market ,
Retailers
Over the last two years the financial industry has seen an uptick in litigation and enforcement actions aimed at banks and their non-bank lending partners. These actions have primarily challenged the validity of the bank...more
4/3/2018
/ Banking Sector ,
CashCall ,
Consumer Financial Products ,
Consumer Lenders ,
Enforcement Actions ,
Legislative Agendas ,
Non-Bank Lenders ,
Online Marketplace Lending ,
Payday Loans ,
Proposed Legislation ,
True Lender ,
Usury
On January 4, 2018, U.S. Attorney General Jeff Sessions officially rescinded all of the prior Obama-era Department of Justice (DOJ) marijuana-related guidance, including the so-called “Cole Memo.” That guidance had provided...more
1/8/2018
/ Banking Sector ,
Cole Memorandum ,
Controlled Substances ,
Controlled Substances Act ,
Criminal Prosecution ,
Decriminalization of Marijuana ,
Department of Justice (DOJ) ,
Dispensaries ,
Enforcement Actions ,
FinCEN ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Policy Memorandums ,
Preemption ,
Regulatory Oversight ,
State and Local Government ,
Trump Administration
We are thrilled to bring you the third installment of Stinson Leonard Street's Emerging Trends newsletter. We are proud of the depth and breadth of experience and knowledge across our firm's 13 offices nationwide and are...more
10/17/2016
/ Acquisitions ,
Americans with Disabilities Act (ADA) ,
Automotive Industry ,
CFTC ,
Chemicals ,
Class Action ,
Confidentiality Agreements ,
Connected Cars ,
Controlling Stockholders ,
Covered Entities ,
Cybersecurity ,
Cybersecurity Framework ,
Data Retention ,
Department of Justice (DOJ) ,
Disability Discrimination ,
Disgorgement ,
Dodd-Frank ,
Drinking Water ,
Driverless Cars ,
Employee Training ,
Enforcement Actions ,
Entire Fairness Standard ,
Fiduciary Duty ,
Financial Institutions ,
Geolocation ,
Incident Response Plans ,
Mergers ,
Mobile Apps ,
New Amendments ,
Niantic Inc. ,
Nintendo ,
NYDFS ,
OEHHA ,
OSHA ,
Pokemon ,
Proposition 65 ,
Public Nuisance ,
Regulatory Oversight ,
Risk Management ,
Safe Harbors ,
Sarbanes-Oxley ,
Securities and Exchange Commission (SEC) ,
Severance Agreements ,
Smartphones ,
Statute of Limitations ,
Technology ,
Teva Pharmaceuticals ,
Third-Party Service Provider ,
Toxic Chemicals ,
Toxic Exposure ,
Vendors ,
Video Games ,
Virtual Reality ,
Warning Labels ,
Website Accessibility ,
Websites ,
Whistleblowers
In case you missed it, here is what the Consumer Financial Protection Bureau (CFPB) was up to over the last month:
Enforcement Actions and Litigation -
Enforcement Action Against First National Bank of Omaha...more
9/8/2016
/ Add-ons ,
Advisory Committee ,
Banking Sector ,
Banks ,
Billing ,
CashCall ,
Civil Monetary Penalty ,
Consent Order ,
Consumer Complaint Management ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Dodd-Frank ,
Enforcement Actions ,
Fees ,
Financial Services Industry ,
First National ,
Foreclosure ,
Internet Lenders ,
Late Fees ,
Mortgage Servicers ,
Mortgages ,
Native American Issues ,
Online Marketplace Lending ,
Payday Loans ,
Student Loans ,
Tribal Loans ,
UDAAP ,
Wells Fargo
The Consumer Financial Protection Bureau (CFPB) had another busy week. Here is an overview of what the CFPB was up to recently:
Enforcement Actions and Litigation -
Enforcement Action Against Santander Bank...more
7/25/2016
/ Amicus Briefs ,
Article III ,
ATMs ,
Background Checks ,
Banking Sector ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Debit and Credit Card Transactions ,
Debit Cards ,
Debt Relief ,
Debt-Relief Industry ,
Disgorgement ,
Enforcement Actions ,
Fair Credit Reporting Act (FCRA) ,
Fees ,
Financial Services Industry ,
Foreclosure ,
Homeowners ,
Misrepresentation ,
Overdraft Fees ,
Popular ,
Settlement Agreements ,
Spokeo v Robins ,
Standing ,
Student Loans ,
Summary Judgment
On March 2, 2016, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against online payment system company Dwolla, Inc. for allegedly deceiving consumers about its data security practices. This...more
On March 30, 2016, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against student debt relief company Student Aid Institute, Inc., and its chief executive officer, Steven Lamont, for allegedly...more
On March 8, 2016, the Consumer Financial Protection Bureau (CFPB) released its tenth edition of Supervisory Highlights, which outlines the latest supervisory actions taken against banks and nonbanks, between September 2015...more
On March 2, 2016, the Consumer Financial Protection Bureau (CFPB) announced its first data security related enforcement action against online payment systems company Dwolla, Inc.
...more
On February 23, 2015, the Consumer Financial Protection Bureau (CFPB) announced two separate enforcement actions against Citibank, N.A., its affiliates, and two debt collection law firms, for alleged illegal debt sales and...more
On February 2, 2016, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) announced a joint enforcement action against indirect auto lender Toyota Motor Credit Corporation (Toyota Motor Credit)...more
On January 20, 2016, Republican members of the House of Representatives’ Financial Services Committee issued a report titled Unsafe at Any Bureaucracy, Part II: How the Bureau of Consumer Financial Protection Removed...more
On January 21, 2016, the Consumer Financial Protection Bureau (CFPB) announced an administrative enforcement action against Y King S Corp., d/b/a Herbies Auto Sales (Herbies), a buy-here pay-here used car dealer located in...more
On December 17, 2015, the Consumer Financial Protection Bureau (CFPB) announced three separate enforcement actions against two online lead originators and a so-called “buy-here, pay-here” auto dealer and its affiliated...more
On December 16, 2015, the Consumer Financial Protection Bureau (CFPB) announced an administrative enforcement action against debt collection firm EZCORP, Inc. (EZCORP), for allegedly engaging in illegal debt collection...more
On December 7, 2015, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against debt collection firm Collecto, Inc. d/b/a EOS CCA (EOS) for allegedly violating the Fair Debt Collection Practices...more
On December 3, 2015, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against subprime credit reporting company Clarity Services, Inc. (Clarity), and its owner, Timothy Ranney (Ranney), for...more
On October 1, 2015, the Consumer Financial Protection Bureau (CFPB) announced its second enforcement action in three days against an indirect auto finance company. In its latest action, the CFPB took aim at indirect auto...more
10/2/2015
/ Automotive Industry ,
Automotive Loans ,
Borrowers ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Creditors ,
Debt Collection ,
Debt Collectors ,
Disclosure Requirements ,
Dodd-Frank ,
Enforcement Actions ,
FDCPA ,
Financial Institutions ,
Loans ,
Truth in Lending Act (TILA)
On September 28, 2015, the Consumer Financial Protection Bureau (CFPB) announced two separate actions against Fifth Third Bank. The first action—brought only by the CFPB—relates to Fifth Third Bank’s marketing of credit card...more
9/29/2015
/ Automotive Industry ,
Automotive Loans ,
Banking Sector ,
Banks ,
Consent Order ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Cards ,
Department of Justice (DOJ) ,
ECOA ,
Enforcement Actions ,
Fees ,
Financial Institutions ,
Restitution ,
Telemarketing
On September 24, 2015, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) announced a joint action against Hudson City Savings Bank, F.S.B. (Hudson).
The complaint alleges that Hudson...more
9/25/2015
/ Banking Sector ,
Banks ,
Civil Monetary Penalty ,
Community Reinvestment Act ,
Consent Order ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Department of Justice (DOJ) ,
Discriminatory Lending Practices ,
ECOA ,
Enforcement Actions ,
Fair Housing Act (FHA) ,
Financial Institutions ,
Loans ,
Mortgage Brokers ,
Mortgages ,
Race Discrimination ,
Redlining