In this article, we share a timeline of our monthly "bites" for 2023 applicable to consumers protected by nondiscrimination and military protection laws....more
1/23/2024
/ Appraisal ,
Artificial Intelligence ,
Banking Sector ,
Banks ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
DACA ,
Department of Justice (DOJ) ,
ECOA ,
Equal Employment Opportunity Commission (EEOC) ,
Ethics ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Identity Theft ,
Immigrants ,
Military Service Members
California recently enacted Senate Bill 1311, the Military and Veteran Consumer Protection Act of 2022, with the stated intent of strengthening the state's military consumer protection laws by enhancing protections for...more
12/5/2022
/ Automotive Loans ,
California ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Lenders ,
Financial Services Industry ,
Financial Transactions ,
Military Lending Act ,
Military Service Members ,
Motor Vehicles ,
New Legislation ,
Regulatory Reform ,
UDAAP ,
Veterans
Accepting payments via discretionary military allotments has long been suspect in the eyes of the Consumer Financial Protection Bureau. Military allotments are automatic deductions from military pay. Allotments can be...more
During the past year, small-dollar lenders learned the fate of the Consumer Financial Protection Bureau’s (“CFPB”) final rulemaking addressing payday, vehicle title, and certain high-cost installment loans. In addition, the...more
In 2020, the Supreme Court held in Bostock v. Clayton County, Georgia that an employer who fires an employee for being gay or transgender violates the Civil Rights Act of 1964 (“Title VII”). Though the list of protected...more
[co-author: Hurshell K. Brown - Beyond Finance, LLC]
INTRODUCTION -
Small-dollar lenders waited through most of 2020 for the Consumer Financial Protection Bureau’s (“CFPB’s”) final rulemaking addressing payday, vehicle...more
In 2010, the Dodd-Frank Act for the first time made it unlawful for persons to engage in an “abusive act or practice.” The “abusive” standard was added to the existing “UDAP” standard—unfair, deceptive acts and practices,...more