FCC, Consumer Financial Protection Bureau (CFPB), Financial Services Industry

Troutman Pepper Weekly Consumer Financial Services Newsletter- October 2024 # 2

Troutman Pepper on 10/8/2024

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week...more

White House Announces New Initiatives Targeting Consumer Experience

Troutman Pepper on 8/19/2024

Last week, the Biden-Harris Administration launched a comprehensive initiative aimed at addressing what it describes as everyday hassles that waste Americans’ time and money. This new government-wide effort, called “Time Is...more

CFPB to Issue Proposal to Make It Easier for Consumers to Reach ‘Real Person’ When Seeking Assistance

Ballard Spahr LLP on 8/14/2024

Many financial services providers would be required to allow consumers seeking assistance to be connected to a “real person” by clicking on one button, under a new Biden Administration “Time is Money” initiative....more

Consumer Finance Monitor Podcast Episode: Telephone Consumer Protection Act Update: Developments Impacting Consent and Lead...

Ballard Spahr LLP on 3/21/2024

New Federal Communications Commission TCPA rules will mean big changes for businesses, particularly comparison shopping websites, lead generators, and other companies that regularly contact consumers via phone or text...more

Troutman Pepper Weekly Consumer Financial Services Newsletter - December 2023 # 4

Troutman Pepper on 12/28/2023

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week...more

Troutman Pepper Weekly Consumer Financial Services Newsletter - November 2023 # 4

Troutman Pepper on 11/28/2023

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week...more

Biden Administration Continues Efforts to Crackdown on “Junk Fees”

Ballard Spahr LLP on 6/22/2023

During his remarks in a meeting with private sector companies on June 15, 2023, President Biden described junk fees as “these hidden charges that companies sneak into your bill to make you pay more and without you really...more

Troutman Pepper Weekly Consumer Financial Services Newsletter - June 2023 # 2

Troutman Pepper on 6/15/2023

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week...more

FCC warns telecoms to stop carrying “mortgage scam” robocalls

Orrick, Herrington & Sutcliffe LLP on 1/27/2023

On January 24, the FCC’s Enforcement Bureau announced it had ordered telecommunications companies to effectively mitigate robocall traffic originating from a Florida-based real estate brokerage firm selling mortgage scams. ...more

Troutman Pepper Weekly Consumer Financial Services Newsletter - November 2022 # 4

Troutman Pepper on 11/29/2022

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week...more

Overview of President Biden’s Non-Compete Agreement Executive Order

Eversheds Sutherland (US) LLP on 7/21/2021

On July 9, 2021, President Biden signed the Executive Order on Promoting Competition in the American Economy. The Order, breathtaking in scope, asserts as a key goal the desire to improve the lives of consumers through...more

The Consumer Finance Outlook Under a Biden Administration

Burr & Forman on 11/24/2020

When President-elect Joe Biden takes office in January, it is safe to bet that addressing the pandemic-related financial pressures facing millions of Americans will be at the top of his agenda....more

Consumer Law Hinsights – October 2020

Hinshaw & Culbertson - Consumer Financial... on 11/4/2020

CFPB Issues Final Debt Collection Rule - Among other points, the first installment allows for using text messaging and email when collecting on debts, provided that the debt collector gives instructions about how to...more

Consumer Law Hinsights – July 2020

Hinshaw & Culbertson - Consumer Financial... on 8/4/2020

Welcome to Consumer Law Hinsights?a monthly compilation of nationwide consumer protection cases of interest to financial services and accounts receivable management companies. This edition highlights our interactive COVID-19...more

Financial Services Weekly Roundup: OCC Finalizes New CRA Rule; Regulators Continue To Provide COVID-19-related Relief

Goodwin on 5/21/2020

In This Issue. The Office of the Comptroller of the Currency (OCC) finalized a rule to strengthen and modernize regulations under the Community Reinvestment Act; the Securities and Exchange Commission (SEC) voted to adopt...more

Banking Trade Groups File Petition With FCC For Ruling On Scope Of TCPA Emergency Purposes Exception

Ballard Spahr LLP on 5/6/2020

A group of banking trade associations have filed a “Petition for Expedited Declaratory Ruling, Clarification, or Waiver” with the FCC regarding how the Telephone Communication Protection Act’s “emergency purposes” exception...more

Financial Services Weekly News: Bank Regulators Simplify Capital Rules

Goodwin on 7/12/2019

EDITOR'S NOTE - Working Weekends and Holidays. While most Americans were enjoying the Independence Day holiday weekend, the Board of Governors of the Federal Reserve System (Federal Reserve), the Office of the Comptroller of...more

Consumer Financial Services Spring 2018 Update

Smith Debnam Narron Drake Saintsing & Myers,... on 5/11/2018

District Court Takes Expansive View of Deceptive or Misleading Practices under FDCPA - The FDCPA prohibits a debt collector from using "any false, deceptive, or misleading representation" in connection with the collection...more

Will FCC reversal on net neutrality rules impact consumer payments?

Ballard Spahr LLP on 12/18/2017

On Thursday, December 14, the Federal Communications Commission voted 3-2 to reverse its 2015 order classifying the provision of broadband internet access services as a “telecommunication service” subject to Title II of the...more

Data Privacy + Cybersecurity Insider - December 2017

Robinson & Cole LLP on 12/8/2017

The Consumer Financial Protection Bureau (CFPB), one of the watchdogs of the financial services industry, has announced through Acting Director Mick Mulvaney that it will no longer collect personal information of consumers...more

"Looking Ahead: The U.S. Legal and Regulatory Environment Under a Trump Administration"

Skadden, Arps, Slate, Meagher & Flom LLP on 11/14/2016

Election Day brought an end to a long period of uncertainty that caused market fluctuations and delayed business planning decisions. As we navigate the post-election landscape, many questions remain regarding the potential...more

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