Troutman Sanders CFS Law Monitor Blog - November in Review
We have posted several new topics to the Consumer Financial Services Law Monitor blog throughout the month of November. To read further, click on the titles below:
Featured Posts
- CFPB Imposes $13 Million FCRA Consent Order on Large Consumer Reporting Agencies Due to Employment Background Check Practices
- The FTC Coordinates with Federal, State, and Local Authorities in Nationwide Attack Against Abusive Debt Collectors
- Cox’s Data Breach Leads to Stiff FCC Penalty
- ALJ Delivers Blow to FTC’s Authority to Bring Data Breach Actions Under Unfairness Prong
- The CFPB Issues Warning and Guidance on Obtaining Consumer Authorization for Preauthorized Electronic Funds Transfers that Confirms a Recording of a Consumer’s Oral Authorization Can Satisfy Regulation E’s Requirements
Debt Buyers & Collectors
- Third Circuit Mulls Over Definition of “Meaningful Attorney Involvement”
- FTC Announces Panel Topics for Upcoming Debt Collection Dialogue
- Consumer Litigation Spikes in October, But Debt Collection Complaints to CFPB Plummet
- CFPB Once Again Extends Debt Collection Pre-Ruling Making Activity
- Federal Court in New York Holds that Internal Tracking Number Visible through Envelope Window Does Not Violate FDCPA
Background Screening
- Obama Issues Executive Order to “Ban the Box” on Federal Agency Employment Applications
- Background Check Company’s $4.75 Million Class Action Settlement Obtains Final Approval in SDNY
- Dish Network Fights Class Certification After Background Check Company Settles Claims
Cyber Security, Information Governance & Privacy
- Senate Passes Cybersecurity Bill That Provides Liability Shield to Companies that Share Information
- Banks Warned of Growing Threat of Cyber Attacks Involving Extortion
- New Cybersecurity Legislation Aimed at Protecting Drivers
- Continued Debate Over Government Requests Demonstrated By Facebook’s Report
Credit Reporting & Data Brokers
- Outsourcing Data Security to a Third Party Not a Shield From Liability
- Standing on Thin Air: Spokeo, Inc. v. Robins
- FCC and FTC Continue Coordinated Efforts Through Memorandum of Understanding
- CFPB Leaves Charge for Consumer File Disclosure Unchanged at $12
Auto Finance
- CFPB Orders Another Auto Lender to Pay $3.28 Million to Settle Claims for Illegal Debt Collection Involving Service Members
- CFPB Revises Appeals Policy
- CFPB Takes Action Against Online Lender for Deceiving Borrowers
Credit Card Lenders
- ABA Letter Attacks CFPB Plan for Overdraft Survey
- OCC Releases Updated Booklet on Credit Card Lending
- Tennessee AG Settles Investigation of Credit Card Payment Processor
- CFPB Releases Data on Credit Card Complaints
Trending News
- No More Daily Fantasy Sports in New York? Not So Fast!
- Budget Deal Adds Exception to TCPA for Government-Backed Loans
- Senate Democrats Look to Roll Back Recent TCPA Exception
- Petitioners File Joint Brief Seeking to Overturn FCC’s July 2015 TCPA Order
CFS Events