On September 7, 2021, the CFPB issued a consent order against Better Future Forward, Inc., and related entities (collectively, BFF), companies that provide financing for postsecondary education to students via income share...more
11/17/2021
/ Consent Order ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Financial Services Industry ,
Income Share Agreements ,
Regulation Z ,
Statutory Violations ,
Student Loans ,
Truth in Lending Act (TILA) ,
Unfair or Deceptive Trade Practices
In November 2020, Yodlee and its parent company Envestnet filed separate motions to dismiss the class action lawsuit brought over Yodlee’s alleged data collection and use practices. Yodlee’s motion to dismiss argued that...more
3/18/2021
/ Business Codes ,
Civil Code ,
Class Action ,
Computer Fraud and Abuse Act (CFAA) ,
Data Collection ,
Data Privacy ,
Federal Rules of Civil Procedure ,
Financial Services Industry ,
Fraud ,
Motion to Dismiss ,
Personal Jurisdiction ,
State and Local Government ,
Stored Communications Act ,
Unfair Competition Law (UCL)
Following the status report filed last week by the parties involved in the lawsuit challenging the CFPB’s Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule, the Texas district court faced with the case...more