Quantcast
Payday Lending Ordinance Set For Review
An ordinance in Killeen, Texas limiting payday lending businesses will be reviewed Tuesday by the Killeen City Council.  more »
A class-action lawsuit against collection agency Delbert Services Corp., a Las Vegas-based firm working for online tribal lender Western Sky Financial, can proceed after a federal appeals court reversed a lower court’s decision that the dispute must be arbitrated. more »
Lawmakers in Connecticut want to curb "deceptive and abusive collection tactics" being used by banks and third-party collectors. more »
"The PHH case was definitely a game changer. That was the nail in the coffin for marketing services agreements," said Joe Rodriguez, a former top official in the CFPB's Office of Fair Lending.
While most federal banking regulators use enforcement actions as a way to shape industry practices, the Consumer Financial Protection Bureau is taking that to a whole other level, frequently using orders as a substitute for new rules or guidelines. more »
The U.S. House of Representatives this week likely will consider legislation to end Operation Choke Point, sponsored by U.S. Rep. Blaine Luetkemeyer (R-Mo.). more »
The FTC has filed suit against the operators of DeVry University, alleging that DeVry’s advertisements deceived consumers about the likelihood students would find jobs in their fields of study and would earn more than those graduating with bachelor's degrees from other institutions. more »
A federal appeals court will hear the case of mortgage lender PHH Corp. v. CFPB on April 12, a case the collection industry will be closely watching. more »
Maria T. Vullo, formerly New York's executive deputy attorney general for Economic Justice, was nominated by Gov. Andrew Cuomo to serve as superintendent of a state agency that has played a key role in cracking down on debt collectors. more »
CFPB Director Richard Cordray said that "the many bad actors cropping up around the country give" the CFPB and FTC "more than enough work to do together," but former FTC official Leonard Gordon said there's a "rivalry" between the two to be the toughest regulator.
Overlapping missions and jurisdictions are fueling competition between the Consumer Financial Protection Bureau and the Federal Trade Commission, according to former officials at both agencies. more »
ACA International filed a lawsuit in July to challenge the Federal Communications Commission’s Declaratory Ruling concerning the Telephone Consumer Protection Act. On Friday, in the U.S. Court of Appeals for the D.C. Circuit, the FCC filed its answering brief to the case, titled ACA International, et al. v. FCC and U.S. more »
A Michigan circuit court judge on Thursday banned Liquidation LLC and eight related companies from collecting on title loans that charge triple-digit interest rates. more »
Approximately half of more than 40 enforcement issues made public by the Consumer Financial Protection Bureau have alleged violations of the Unfair, Deceptive and Abusive Acts or Practices provision of the Dodd-Frank Act. more »
A large Texas-based debt collection law firm will pay $3.4 million to settle accusations it illegally practiced law in California without having any lawyers in the state. more »

Email Newsletters

Get the Payments Update and the Morning Scan when you sign up for a free trial.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.