Troutman Sanders CFS Law Monitor Blog – May in Review
We have posted several new topics to the Consumer Financial Services Law Monitor blog throughout the month of May. To read further, click on the titles below:
- CFPB Attempts to Sound Death Knell for Consumer Class Action Waivers Used by Financial Institutions
- U.S. Supreme Court Remands Spokeo in Ruling that Mere Technical, Statutory Violation Is Insufficient to Confer Article III Standing
- Federal Housing Administration Proposes Rule for its Reverse Mortgage Program
- Troutman Sanders Lawyers Publish Consumer Financial Regulation Survey
Debt Buyers & Collectors
- Eighth Circuit Joins Minority in Circuit Split as to Ascertainability Standard for Class Actions
- Supreme Court Rejects Claim That Collection Letters on Attorney General’s Letterhead Sent By Private Debt Collection Attorneys Misled Borrowers
- Illinois Appellate Court Rejects Coverage for Blast-Fax Class Action Under the TCPA
- Seventh Circuit Rules Debt Collectors Do Not Violate FDCPA By Dismissing Lawsuits Prior to Trial
Background Screening
- FTC Releases New Guidelines for Background Screeners’ Compliance with the FCRA
- California Federal Court Tentatively Approves $5.7 Million Deal to Settle Class Action Alleging FCRA Violations Based on Background Checks
- Court Finds Plaintiff's Background Check Disclosure Claim Against Target Misses the Bullseye
Cyber Security, Information Governance & Privacy
- Verizon Enterprise Publishes Data Breach Report
- FTC Takes Action Against Deceptive Marketing
- FTC Adds Three New Defendants in Tech Support Scam Case
- Citing Spokeo, Maryland District Court Remands Putative Data Breach Class Action
Credit Reporting & Data Brokers
- District Court Dismisses FCRA Claims as Time-Barred
- Fifth Circuit Dismisses FCRA and FDCPA Claims Due to Commercial Nature of Underlying Transaction
- Debt Collector Pays $72,000 to Settle FCRA Charges
Payment Processing & Credit Cards
- FTC Joins CFPB in Expanding Oversight of “Deceptive” Practices
- FTC Executes A $105 Million Stipulated Judgment With Payment Processors Arising Out of Alleged Violations of the Electronic Funds Transfer Act, Restore Online Shoppers Confidence Act and Telemarketing Sales Rule
- Texas AG Reaches AVC With PayPal
State Attorneys General, CFPB & FTC
- CFPB Takes Action Against Debt Collection Law Firm and Related Debt Buyer
- FTC and Phone Billing Companies Settle Contempt Charges for Unauthorized Billing
- CFPB Warns of Debt Risks for Car Title Loans, Foreshadows Upcoming Regulation
- CFPB Announces Rulemaking Agenda for Remainder of 2016
- Henry Schein Practice Solutions, Inc. to Pay $250,000 Under Final FTC Order
CFS Events
- June 7: Complimentary Webinar: A Year in Review – TCPA Developments since the FCC’s Landmark Declaratory Ruling
- June 7-8: NetDiligence Cyber Risk & Privacy Liability Forum
- June 9: Complimentary Webinar: Best Practices for Banks in Third Party Payment Processing
- June 14-16: Third Party Payment Processors Annual Conference
- June 16-18: ACA International Convention & Expo
- June 23-24: ACI Cyber Security & Data Privacy and Protection Conference
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