News & Analysis as of

Consumer Contracts Civil Monetary Penalty Automatic Renewals

Hudson Cook, LLP

CFPB Bites of the Month - 2023 Annual Review - Small Dollar Lending, Lease-to-Own, and Alternative Financial Services

Hudson Cook, LLP on

In this article, we share a timeline of our monthly "bites" for 2023 applicable to the small dollar lending, lease-to-own, and alternative financial services industries. ...more

Kelley Drye & Warren LLP

Two Firsts for FTC Civil Penalty Enforcement: ROSCA for Automatic Renewals and Penalty Offense Authority for Money-Making Claims

On Friday, the FTC announced what would ordinarily be an unremarkable enforcement action against a company for unsubstantiated earnings claims. The FTC alleges that WealthPress, an investment advice company purporting to...more

Moritt Hock & Hamroff LLP

New York Passes Comprehensive Automatic Renewal Law To Take Effect In February 2021

In recent years, several states have passed laws governing automatically renewing contracts. New York is the most recent state to join the ranks, by enacting a sweeping law that regulates automatic renewals and adopts many...more

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