Troutman Sanders CFS Law Monitor Blog - July in Review
We have posted several new topics to the Consumer Financial Services Law Monitor blog throughout the month of July. To read further, click on the titles below:
DEBT BUYERS & COLLECTORS
- FTC Extends “Debt Collection Dialogues” Road Tour to Dallas and Atlanta
- Do Statutes Of Limitation Apply To The CFPB After All?
- Eleventh Circuit Holds That the FDCPA Applies to Statement Made In Court Documents Directed to a Consumer’s Attorney
- New York’s Highest Court Holds New York City Law Imposing Requirements on Lawyers Engaging in Debt Collection Practices is Not Preempted
BACKGROUND SCREENING
- Insurer Required to Defend and Indemnify FCRA Action Despite Penalty Exclusions
- The Legislatures of State and Local Governments Consider Additional “Ban the Box” Legislation
TRENDING NEWS – REGULATORY COMPLIANCE & ENFORCEMENT
- FCC’s TCPA Order Immediately Challenged in Court
- Senator Schumer Introduces Bill to Criminalize Certain Robocalls
- FCC Issues Sweeping Order Expanding Reach of the Telephone Consumer Protection Act
- CFPB Issues “Guiding Principles” for Financial Technology Payment Systems to Ensure Consumer Protections
TRENDING NEWS – LITIGATION
- D.C. Circuit Allows Constitutional Challenge to CFPB
- Eleventh Circuit Reinstates Class Action in Federal Court Notwithstanding State Prohibition On Class Actions Under The Statute At Issue
- Seventh Circuit Finds Plaintiffs Have Standing in Neiman Marcus Data Breach Suit
- Judge Denies Law Firm’s Motion to Dismiss Debt Collection Lawsuit Filed by CFPB
CREDIT REPORTING & DATA BROKERS
- Debt Collection and Credit Reporting Litigation and Related Complaints to CFPB Continue to Increase; TCPA Lawsuits Decline
- Congressional Committees’ Approving Financial Services Appropriations Bills Indicates Momentum is Accelerating to Reform the CFPB
- CFPB Director Cordray Defends Consumer Data Collection Practice
- Georgia Enacts New Consumer Reporting Law
AUTO FINANCE
- Auto Finance, Credit/Debt Practices, and Identity Theft Top Consumer Protection Complaints
- House Bill Rescinding CFPB Indirect Auto Financing Guidance Advances
- Congress Trying Again To Reform or Eliminate the CFPB
- Trade Groups Submit Comment Letter to CFPB Regarding Its Study on Consumer Arbitration
MORTGAGE LENDERS & SERVICERS
- Dodd-Frank: A “Very Good Thing” or Obamacare for our Economy?
- CFPB Fines Mortgage Servicer $1.5 Million for Failing to Honor Loan Modifications after Service Transfers
- CFPB Delays By Two Months the Effective Date of The “Know Before You Owe” Mortgage Disclosure Rule
- CUNA Calls for Additional Oversight of CFPB
CREDIT CARD LENDERS
- Director Cordray Comments on Ability-to-Repay, TRID, and Credit Cards
- FTC Issues “Start with Security” Guidance Aimed at Helping Businesses Avoid a Data Breach
- 47 State AGs Ask Congress to Preserve their Authority to Investigate Data Breaches
- CFPB Settles Credit Card Add-On Lawsuits for Combined $10 million
CFS EVENTS