The Fair Debt Collection Practices Act (“FDCPA”) is a significant piece of legislation. It has regulated “debt collectors,” as defined by statute, for over 40 years. Recently, the Consumer Financial Protection Bureau issued a new rule implementing the statute’s enforcement (for CPW’s prior coverage, check out here and here). Despite these significant developments, however,
In case you missed it, below is a summary of recent posts from CPW. Please feel free to reach out if you are interested in additional information on any of the developments covered.
Court Rejects CCPA As Basis for Limiting Scope of Discovery in Litigation | Consumer Privacy World
With Democrats in control of the White House, Senate and House of Representatives, consumer financial services companies are understandably anxious about the regulatory environment.
Last week, the newly-empowered California Department of Financial Protection and Innovation (the “DFPI”) gave us a sense of what to expect when it announced an investigation into 12 debt collectors that
As CPW’s Keith Bradley and Corey McGehee explain in a must-read article published in Law360, just before New Year’s Eve, the U.S. District Court for the District of Columbia invalidated two provisions in the Consumer Financial Protection Bureau’s rules for prepaid accounts. So far as we know, this case marks the first time any court
In case you missed it, below is a summary of recent posts from CPW. Please feel free to reach out if you are interested in additional information on any of the developments covered.
Ninth Circuit Sides with CFPB in Ratification Fight | Consumer Privacy World
As 2020 drew to a close, the Ninth Circuit gave the CFPB a victory in Consumer Fin. Prot. Bureau v. Seila Law LLC, 2020 U.S. App. LEXIS 40572 (9th Cir. Dec. 29, 2020), upholding the CFPB’s civil investigative demand (CID) to Seila Law. The case was on remand from the United States Supreme Court, which
As you will recall from CPW’s prior update (here), earlier this fall, the CFPB issued a final rule (the “Rule”) to implement the Fair Debt Collection Practices Act (“FDCPA”). 12 CFR Part 1006 et seq. The Rule is perhaps the most significant development affecting the debt collection industry since the FDCPA came
CPW is your source for breaking news in the area of consumer privacy litigation. We have been covering developments concerning litigation brought under the Fair Credit Reporting Act (“FCRA”). Well, entities regulated under the FCRA can also be subject to enforcement actions for failing to meet their statutory obligations. The Consumer Financial Protection Bureau (“CFPB”)
The Consumer Financial Protection Bureau (“CFPB”) issued last week a final rule to implement the Fair Debt Collection Practices Act (“FDCPA”), in a sea change for consumer privacy and debt collection. 12 CFR Part 1006 et seq. The Final Rule is the most significant development affecting the debt collection industry since the FDCPA came into
The CFPB has two upcoming public events you won’t want to miss. On 15 September, the public can dial-in to the CFPB “listening session” where the CFPB “advisory committees will meet with the Bureau’s Taskforce on Federal Consumer Financial Law to share recommendations on improvements to the current state of federal consumer protection