Troutman Sanders CFS Law Monitor Blog - February in Review
We have posted several new topics to the
Consumer Financial Services Law Monitor blog throughout the month of February. To read further, click on the titles below:
DEBT BUYERS & COLLECTORS
- Verification of Disputed Debt in Response to Credit Reporting Agency Inquiry Does Not Constitute Communication “In Connection with the Collection of Any Debt”
- FTC’s Annual Summary Highlights Focus on Data Security
- FTC Lawsuit Against Debt Relief Servicers Carries Lessons for Structuring Fees Under Telemarketing Sales Rule
- NY Department of Financial Services Answers FAQs Regarding New Debt Collection Regulations
CREDIT REPORTING & DATA BROKERS
- Health Care Services Provider Obtains Dismissal of FCRA Lawsuit Over Potential Consequences of Data Breach Due to Plaintiff’s Lack of Standing
- FTC Staff Report Addresses “Internet of Things”
- Paris Baguette and DKNY Avoid FACTA Class Actions over Credit Card Receipts
- CFPB Director Cordray Speaks at Consumer Advisory Board About Regulating Credit Reporting Industry
BACKGROUND SCREENING
- Uber Attempts to Stamp Out FCRA Background Check Class Action by Compelling Arbitration
- Class Action FCRA Lawsuit Challenging Defendant’s Employment Background Screening Disclosure From Settles for $6.8 Million
- Fourth Circuit Affirms Summary Judgment Against EEOC After Excluding Expert Report With “Mind Boggling” Number Of Errors
AUTO FINANCE
- FTC Announces Settlements in First Cases Against Auto Title Lenders
- DOJ and State Regulators Settle Claims of Intentional Discrimination Against North Carolina “Buy Here Pay Here” Auto
- CFPB Director Cordray Addresses National Association of Attorneys General
- Consent Decree Between DOJ and “Buy Here, Pay Here” Auto Dealer Highlights Continued Focus on Intent-Based Lending Discrimination Claims
MORTGAGE LENDERS & SERVICERS
- FHA Announces “Costly” Alternative to Reverse Mortgage foreclosure; HUD Soliciting Comment
- CFPB Penalizes Mortgage Companies for Marketing Practices
- CFPB Reports Common Consumer Complaints about Reverse Mortgages
-
Maryland Seeks to Adopt Heightened Mortgage Servicing Transfer Regulations
CREDIT CARD LENDERS
- CFPB Agrees to Consent Order with Texas Company that Issued Sham Credit Cards
- AG Madigan Testifies Before Congress on Federal Data Breach Law and Argues Against Preemption
- CFPB Orders Credit Card Lender to Refund Millions to Consumers and Pay Civil Penalty
- Retailers Lodge Constitutional Challenge to Florida Credit Card Law
TRENDING NEWS – LITIGATION
- Dish Network Court Finds Manifest Error in Its Opinion Regarding Millions of Calls Placed by Third-Party Affiliates
- Court Finds Group Texting Requires Human Intervention, Does Not Violate TCPA
- Third Circuit Finds That If the Settlement Does Not Fit, You Must … Revisit
TRENDING NEWS – REGULATORY COMPLIANCE AND ENFORCEMENT
- West Virginia Legislature Considering Amendments to its Consumer Credit Protection Act
- CFPB Proposes Rule to Temporarily Suspend Credit Card Agreement Submissions
- Congress to Consider Installing an Inspector General for the CFPB
- Pennsylvania AG Announces $10 Million Settlement with Payday Lender
CFS EVENTS
Troutman Sanders’ Consumer Financial Services lawyers are pleased to provide financial services companies with a new resource, the Consumer Financial Services Law Monitor. The site, which features posts from the firm’s Financial Services Litigation, Regulatory Compliance, and Enforcement lawyers, provides timely updates on the financial services industry with a focus on recent developments in the law, upcoming regulatory deadlines, and significant judicial opinions that may impact the industry and, ultimately, our clients. Areas of particular focus include: Mortgage Lenders and Servicers; Credit Card Lenders; Debt Buyers and Collectors; Consumer Reporting Agencies and Data Brokers; Background Screening; and Auto Finance companies.
© TROUTMAN SANDERS LLP. ADVERTISING MATERIAL. These materials are to inform you of developments that may affect your business and are not to be considered legal advice, nor do they create a lawyer-client relationship. Information on previous case results does not guarantee a similar future result.