Consumer Credit and Privacy Compliance
Online research tools to manage compliance with federal and state laws and regulations
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Last Week, This Morning
Key developments from the past week in consumer and commercial finance and privacy law.
CFPB’s Supervisory Highlights Edition Focuses on Mortgage Servicing
Mississippi Provides for Annual Adjustment of Maximum Loan Amount under which Mississippi Consumer Alternative Installment Loan Act Licensees May Impose Finance Charges Permitted Under Act
Freddie Mac Proposes Purchase of Single-Family, Closed-End Second Mortgage Loans as New Product
Virginia Adds Affidavit Requirement for Certain Subordinate Mortgage Lienholders Seeking to Foreclose and Timing Requirement for Foreclosure Sale Purchasers to Pay Off Priority Liens
Kansas Enacts Earned Wage Access Services Act and Money Transmission Act
CFPB Updates Supervision Designation Procedures for Nonbanks Posing Risks
Kansas Will Require Commercial Financing Transaction Disclosures
Massachusetts AG Issues Advisory on Applicability of State’s Consumer Protection, Anti-Discrimination, and Data Security Laws to Artificial Intelligence
AFSA Releases First Consumer Credit Conditions Index
CFPB Imposes Ban from Consumer Lending Activities and $164,000 Penalty on For-Profit Vocational School and Its Founder for Hiding Loan Costs from Students
Draft, Bipartisan Federal Data Privacy Bill Released
Spring Edition of CFPB’s Supervisory Highlights Focuses on Credit Reporting and Furnishing
Kentucky Expands Provisions Governing Amendment of Recorded Mortgages
Wisconsin Revises Laws Governing Licensed Financial Services Providers
Iowa Authorizes Remote Work by Mortgage Loan Originators
Hudson Cook Insights
Today's Trends in Credit Regulation
FTC Announces Telemarketing Sales Rule Amendment Regulating B2B Telemarketing
By Michael A. Goodman
On March 7, 2024, the Federal Trade Commission announced significant amendments to its Telemarketing Sales Rule. The effective dates for these changes are tied to publication of this announcement in the Federal Register, which has not yet happened. article continued
New York Financing Arrangements Bill Would Have Major Implications for Commercial Financing
By Thomas P. Quinn, Jr.
A bill before the New York State Assembly would, if passed, have major implications for a variety of financing transactions in the Empire State. Titled the End Loan Sharking Act, Assembly Bill 9585 would subject a variety of products to the state's usury limits and licensing requirements. article continued
CFPB Bites of the Month - March 2024 - Here Comes the Sun and the CFPB
By Justin B. Hosie, Eric L. Johnson and Laura J. Bacon
In this month's article, we share some of our top "bites" covered during the March 2024 webinar. article continued
FCC Continues to Roll Out TCPA Changes and Interpretations
By Michael A. Goodman
On February 16, 2024, the Federal Communications Commission released a Report and Order establishing significant new standards regulating Telephone Consumer Protection Act consent and revocation of consent. In recent weeks, the FCC has announced guidance relating to the use of lead generators and prerecorded messages involving artificial intelligence. article continued