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/Client alerts

November 8 – Troutman Pepper Weekly Consumer Financial Services Newsletter

November 15 – Troutman Pepper Weekly Consumer Financial Services Newsletter

November 21 – Troutman Pepper Weekly Consumer Financial Services Newsletter

November 28 – Troutman Pepper Weekly Consumer Financial Services Newsletter


Auto Finance

FTC Extends Deadline for Compliance With Safeguards Rule

CFPB Focuses on Junk Fees, Credit Reporting, and COVID-19 Relief Funds in Latest Supervisory Highlights

CFPB Seeks Public Comment on Collecting Data on Auto Lending Market


Banking

CFPB Seeks Further Input on Shifting P2P Fraud Liability to Banks

Ninth Circuit Affirms Award of Attorneys’ Fees in FDCPA Matter

Texas Federal Court Finds Biden Student Loan Forgiveness Program Unconstitutional

The OCC’s “Laser Focus” on Fair Lending


CFPB

Democratic Senators Say CFPB Should Strengthen Remittance Transfer Rule

CFPB Examines Potential Impact of Student Loan Payment Reinstatement

Texas Federal Court Issues Stay Pending Fifth Circuit Mandate

CFPB Finds Fraud and Transaction Issues Rank High Among Crypto-Asset Complaints

CFPB Warns CRAs and Furnishers of FCRA Liability for Failing to Conduct Proper Investigations

CFPB Files Cert Petition Requesting Expedited Review of Fifth Circuit Decision Finding Funding Structure Unconstitutional

CFPB Highlights Purported “Problems With Tenant Background Checks”

CFPB Partners With Local Governments to Protect Consumers

CFPB and FTC File Amicus Brief on Servicemembers’ Right to Sue Under the Military Lending Act


Class Actions

Class Counsel Asks Supreme Court to Address Propriety of Incentive Awards


Cryptocurrency

Missouri Modernizes Its Money Laundering Statute to Include Cryptocurrency


Debt Buyers + Collectors

Eleventh Circuit: Mini-Miranda Warning on Periodic Statements Can Be Considered Debt Collection Under FDCPA

Permanent Version of DC’s Protecting Consumers From Unjust Debt Collection Practices Amendment Act Takes Effect January 1, 2023


Federal Trade Commission (FTC)

FTC Fines Vonage $100M for “Junk Fees” and Using “Dark Patterns” to Make It Hard for Consumers to Cancel


Regulatory Enforcement + Compliance

Supreme Court Hears Arguments on Challenges to Agency Enforcement Proceedings

FCC Rules Ringless Voicemails Require Consent


State Attorneys General

Payment Processor Settles With Massachusetts Attorney General for Prematurely Sending Fees to a Debt Settlement Company


Mortgage Lending

Biden Files Application with Supreme Court to Vacate Eighth Circuit’s Injunction on Student Loan Forgiveness


Podcasts

An Inside Look as a Juror

FTC Consent Order With Auto Dealer and Proposed Rule

Drafting Consumer Breach Notices — From a Litigation Perspective

AG’s Office Sues Automobile Dealership for Pricing Discrimination

California Updates Protections for Service Members and Veterans

Crypto and the SEC


TCPA

Federal Court Finds Text Messages From a Chatbot Do Not Constitute a Prerecorded or Artificial Voice Under the TCPA