In Case You Missed It: Consumer Financial Services Law Monitor - 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:
Consumer Financial Protection Bureau (CFPB)
Section 1071 Final Rule: An Overview
CFPB Issues Small Entity Guide With Illustrations on How to Comply With Section 1071 Final Rule
New CFPB Rule Proposed for Property Assessed Clean Energy (PACE) Loans
Credit Reporting + Data Brokers
Payment Processing + Cards
CFPB Focuses on Medical Credit Cards and Installment Loans in Latest Report
Debt Buyers + Collectors
FDCPA Case Over Undated Model Validation Notice Dismissed for Lack of Standing
Florida Legislature Narrows Litigation-Spawning Telephone Solicitation Act
Federal Trade Commission (FTC)
FTC Sends $3.3 Million in Payments to Customers of Passport Auto
FTC Reaches $16 Million Settlement With Payment Processors Over Alleged Credit Card Laundering
TCPA
Florida State Court Holds Mere Statutory Violation Not Enough to Confer Standing Under TCPA
Regulatory Enforcement + Compliance
Massachusetts Division of Banks Fines Student Loan Servicer $500,000 for Servicing Without a License
US Supreme Court to Decide Fate of Chevron Doctrine in Potentially Watershed Administrative Law Case
Podcasts
CFPB's Section 1071 Final Rule (Part 3): Potential Problem Areas
CFPB's Policy Statement on Abusiveness (Part 2)
CFPB's Section 1071 Final Rule (Part 2): Deep Dive on Data Collection and Discouragement
SEC Record Retention Enforcement Actions