We have posted several new topics to the Consumer Financial Services Law Monitor blog throughout the month of September. To read further, click on the titles below:


Featured Posts/Client Alerts

Arizona Supreme Court Rules Recording a Notice of Sale Does Not Trigger Final Statute of Limitations Period to Collect Debt

CCPA/CPRA Will Apply to Employee AND B2B Data — Five Steps to Prepare for the January 1, 2023 Effective Date

FedNow Set for 2023 Summer Launch

Bank CEOs Testify Before Congressional Committees on Financial Services

No $500M Windfall for Lenders in Mistaken Wire Transfer Case

Registration Begins Under Utah’s Commercial Financing Registration Act

AAA Issues Amended Commercial Arbitration Rules


Consumer Financial Protection Bureau (CFPB)

CFPB Signals Increased Regulation of Buy Now, Pay Later Products

Chambers of Commerce and Banking Groups File Suit Against CFPB for Overstepping Its Authority With UDAAP Exam Manual Amendment


Auto Finance

CFPB Examines Potential Impact of Rising Car Prices on Consumer Credit

CFPB and DOJ Remind Auto Finance Companies of SCRA Protections for Servicemembers

Which MLA Safe Harbor Are You Using? Recent Decision Highlights Overlap and Distinction Points


Payment Processing + Cards

Nevada Bill Adopts Uniform Money Transmission Modernization Act

U.S. Chamber of Commerce Backs Walmart in FTC Suit


Debt Buyers + Collectors

Eleventh Circuit En Banc Panel Reverses Controversial Hunstein Decision

Court Grants Debt Collector Summary Judgment in FDCPA Claim Based on Collection Letter With Multiple Addresses

Tenth Circuit Adopts “Reasonable Consumer” Standard to Determine Materiality Under FDCPA

Aged Account Comes Back to Haunt Collections Firm: Federal District Court Revives Time-Barred FDCPA Claims


Federal Trade Commission (FTC)

FTC Report Highlights Evolving Dark Patterns and Signals Increased Enforcement


Class Actions

New York District Court Allows Breach of Contract Claim to Proceed Based on NSF Fees


Privacy + Cybersecurity

OCC Closely Watches as Banks and Fintech Partner


Student Lending

California Publishes Notice of Proposed Rulemaking Regulating Student Loan Servicing


Podcasts

Keeping Up With the Bureau Episode 1: Overview of CFPB and State AG Initiatives/Expansion

Keeping Up With the Bureau Episode 2: FCRA Preemption Issues, Infringing State Laws, and the CFPB’s Position

Keeping Up With the Bureau Episode 3: Evolving Federal and State Requirements for Furnishers and Users of Consumer Reports

Banking Regulations in a Crypto World

Whose Crypto Is It Anyway? Bankruptcy and Crypto

Keeping Up With the Bureau Episode 4: Hot Topics in Collections: Fees, Reg F Landscape, and What’s Next

FTC Notice of Proposed Rulemaking for Voluntary Products in Automobile Finance Transactions

Can Cyber Investigations Be Canned?