Our team published new content and podcasts to the Consumer Financial Services Law Monitor throughout the month of August. To catch up on posts and podcasts you may have missed, click on the links below:

Consumer Financial Protection Bureau

CFPB Orders Mortgage Lender to Pay $2.25 Million for Allegedly Deceiving Servicemembers and Veterans

Texas Federal District Court Rejects All Administrative Procedure Act Challenges to CFPB’s Section 1071 Final Rule

White House Announces New Initiatives Targeting Consumer Experience

CFPB Advises Against Certain Contract-for-Deed Practices

Regulators Promote “All-of-Government” Solar Energy Market Initiative


Federal Trade Commission (FTC)

Telemarketer Fees to Access the National Do Not Call Registry to Increase

FTC and Arizona AG Reach $2.6 Million Settlement with Motor Vehicle Dealer Over Alleged Deceptive and Discriminatory Sales and Financing Practices

FTC Permanently Bans Entities Behind Credit Repair Pyramid Scheme


Regulatory Enforcement + Compliance

New Hampshire Enacts Law Overhauling Its Motor Vehicle Retail Installment Sales Act

Arbitration Clause Rendered Illusory and Unenforceable by Unilateral Amendment Clause, Says Virginia Federal District Court

D.C. Circuit Dismisses Appeal of Class Certification Denial Due to Lack of Standing

June 2024 Consumer Litigation Filings: Down for Month, Up YTD


Small Dollar Lending

Class Action Alleging Usurious Fees and Tips Filed Against FinTech Provider of Earned Wage Access Services


Data Security + Privacy

Dear Mary: Incident + Investigations Advice Column – Notifying Law Enforcement of Security Incidents

Dear Mary: Incident + Investigations Advice Column – Ensuring Proper Legal Involvement in the Incident Response Process


Telephone Consumer Protection Act (TCPA)

California Federal Court Dismisses TCPA Complaint Finding Recruitment Messages Are Not Solicitations


Podcasts

FCRA Focus Podcast – Navigating FCRA and Debt Collection With Special Guest Bridgeforce’s Michelle Macartney

Moving the Metal: The Auton Finance Podcast – FTC CFPB Enforcement Report

Moving the Metal: The Auto Finance Podcast – Loans, Retail Installment Contracts, and Refinancing Programs

Payments Pros Podcast – Earned Wage Access: Exploring the CFPB’s Proposed Interpretive Rule

The Consumer Finance Podcast – Navigating FCRA and Debt Collection With Special Guest Bridgeforce’s Michelle Macartney

The Consumer Finance Podcast – Earned Wage Access: Exploring the CFPB’s Proposed Interpretive Rule

The Consumer Finance Podcast – The End of Chevron Deference: Implications of the Supreme Court’s Loper Bright Decision

The Consumer Finance Podcast – Welcome Trevor Salter: A Deep Dive Into Financial Services Transactions

The Consumer Finance Podcast – Understanding the CFPB’s Payday Loan Rule: Implications and Compliance

The Crypto Exchange Podcast – From Paper to Digital: The California DMV’s Leap Into Blockchain Technology


Newsletters

Troutman Pepper Weekly Consumer Financial Services Newsletter – Week of August 26, 2024

Troutman Pepper Weekly Consumer Financial Services Newsletter – Week of August 19, 2024

Troutman Pepper Weekly Consumer Financial Services Newsletter – Week of August 12, 2024

Troutman Pepper Weekly Consumer Financial Services Newsletter – Week of August 5, 2024

Insight Industries + Practices