News & Analysis as of

Consumer Protection Laws Banks Banking Sector

Sheppard Mullin Richter & Hampton LLP

California Enacts Law Prohibiting State Banks and Credit Unions from Charging NSF Fees

On September 24, the Governor of California signed AB 2017 (the “Act”) into law. The Act prohibits state-chartered banks and credit unions from charging consumers non-sufficient fund fees (“NSF fees”) when they initiate...more

A&O Shearman

UK Announces Final Reforms to Financial Services Retail Disclosure Requirements

A&O Shearman on

Post Brexit, the U.K. Government and Financial Conduct Authority are committed to the ongoing reform programme to reinvigorate the U.K.'s capital markets. As part of this, the Government and FCA are committed to replacing...more

Hudson Cook, LLP

"OVER THE LINE!"  Where Banking and Gaming Intersect, the CFPB Has Something to Say.

Hudson Cook, LLP on

The line between virtual and reality is getting thinner. Gamers pay gaming companies real currency for virtual in-game currency to buy skins, create the world they want to live in (virtually), or purchase loot that aid in...more

Conyers

Beyond the Betrayal: Navigating Strategies for Victims of APP Fraud

Conyers on

Authorised Push Payment (“APP”) fraud, where victims are tricked into authorising payments to fraudsters, resulted in losses of £485.2m in 2022 and is reported to have risen by 22% in 2023. With consumer protection laws...more

Jenner & Block

[Webinar] When Worlds Collide: Navigating Competing Financial Crime and Consumer Protection Requirements - January 17th, 3:30 pm -...

Jenner & Block on

In the Trenches: Lessons for Bank-Fintech Partnerships – Webinar Series - Join us for this three-part series examining issues, tips, and the legal state of play for bank-fintech partnerships. Each session will be a...more

A&O Shearman

UK Complaints Commissioner Upholds Complaints Against UK Financial Conduct Authority's Compensation and Complaints Scheme

A&O Shearman on

The U.K. Financial Regulators' Complaints Commissioner has published its final report upholding complaints from over 400 complainants concerning: (i) the U.K. Financial Conduct Authority's failures of regulation concerning...more

Spilman Thomas & Battle, PLLC

WV Legislature Amends Consumer Protection Statute to Regulate and Impose Restrictions on Litigation Financiers

During its 2019 regular session, the West Virginia Legislature once again reviewed the West Virginia Consumer Credit and Protection Act and determined additional changes were necessary. The Act, one of the primary statutes...more

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