Articles + Publications August 2, 2022

In Case You Missed It: Consumer Financial Services Law Monitor – 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:

Featured Posts/Client Alerts

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Podcasts

Recent Trends in Class-Action Consumer Finance Litigation

Crypto and Beyond: California DFPI Opinions on Money Transmission and the Money Transmission Act

Fair Lending 101 for Debt Collectors

Convenience Fees: Why You Need to Pay Attention?

Get Me Off This Ride: Understanding the Emotional Rollercoaster After a Ransomware Attack

Introducing The Crypto Exchange Podcast

CFPB Advisory Opinion on Name-Only Matching Under FCRA

CA DFPI Request for Comment on Cryptocurrency-Related Financial Products and Services

A Conversation with Kristi Kelly of Kelly Guzzo

Mortgage Lenders + Servicers

FHFA Establishes Office of Financial Technology and Issues RFI on Fintech in Housing Finance

Fourth Circuit Holds Merely Sending Notice of Rescission Under TILA Does Not Effect Rescission — the Borrower Must Tender

Consumer Financial Protection Bureau (CFPB)

CFPB Analyzes Potential Impact of Changes in Medical Debt Credit Reporting

Hyundai Ordered to Pay $19 Million in Penalties in CFPB’s Largest Fair Credit Reporting Case Against an Auto Servicer

Citing Uptick in Complaints, CFPB Will Push Banks to Refund More Victims of Money Transfer Scams

CFPB Agrees to March 31, 2023 Deadline for Final Rule Under Section 1071

Recent CFPB Advisory Opinion Puts Pay-to-Pay Fees in Crosshairs

CFPB Urges States to Regulate Consumer Reporting, Weighing in on Limited FCRA Preemption of State Law

US Chamber of Commerce Launches Campaign to Rein in CFPB

Is CFPB’s UDAAP/Discrimination Announcement at Risk Under SCOTUS Decision in West Virginia v. EPA?

TCPA

District Court Applies TCPA “Established Business Relationship” Exception to Permit Customer Calls After Contract Termination

TCPA: Text Messages Still Hot-Button Issue After Furniture Companies Resolve Class for Millions

California Dealership Resolves Telemarketing Prerecorded Message TCPA Class for $2.5M

Class Actions

Delaware Overdraft Fee Decision Highlights Ongoing Compliance Concerns for Opt-In Forms

Debt Buyers + Collectors

Eleventh Circuit Holds TILA-Required Mortgage Statements Can Violate FDCPA

Court Finds Entity Partnering With Medical Provider Does Not Qualify as a Debt Collector Under the FDCPA

California Requests Feedback on Proposed Debt Collection Regulations Impacting Licensing, Reporting, and Records

FTC

FTC and CFPB Crack Down on Military Lending Act Violations

14 Years Later: Ringleaders of Publisher’s Business Services Subscription Scam Finally Held Accountable

FTC Issues Redress Checks in Case That Largely Extinguished Its Ability to Seek Monetary Judgments

Comments to FTC’s Proposed Motor Vehicle Trade Regulation Rule Due September 12

Credit Reporting + Data Brokers

Consumer Reporting Trade Association Defeats Antitrust Claim: Court Held Plaintiff Lacked Standing and Failed to Allege Monopolized Market

Eastern District of Pennsylvania Analyzes CRA Definition Under the FCRA

Privacy + Security

Another Win for Banks: Illinois Federal Court Tosses Wire Fraud Claims

Cryptocurrency

Louisiana Proposes Virtual Currency Rules for Businesses

Bipartisan Responsible Innovation Act Limits Howey Test; Suggests Non-Depository Institutions May Issue Payment Stablecoins

This just in

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