Rick Fischer

Morrison & Foerster LLP

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Latest Posts › Enforcement Actions

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CFPB Takes Action Against Carrier for Charging for Unwanted Services

On December 17, 2014, the Consumer Financial Protection Bureau (“CFPB”) announced that it had filed a lawsuit against a telecommunications carrier, alleging that the carrier was allowing third-party merchants to place...more

12/19/2014 / Consumer Financial Protection Bureau (CFPB) , Cramming , Enforcement Actions , Fraudulent Charges , Mobile Payments , Sprint , Telecommunications , Third-Party , UDAAP

CFPB Brings First Enforcement Action Involving Deferred Interest Products, Imposes Novel and Burdensome Application Requirements...

Yesterday, the Consumer Financial Protection Bureau (“CFPB”) announced a consent order with GE Capital Retail Bank and its subsidiary CareCredit (collectively “CareCredit”) related to what the CFPB alleges were unfair and...more

12/12/2013 / Applications , CARD Act , Consent Order , Consumer Financial Protection Bureau (CFPB) , Credit Cards , Deferred Interest Products , Disclosure Requirements , Enforcement Actions , GE Capital Retail Bank , Remediation

Senators Request CFPB Issue Guidance and Rulemakings, Bring Enforcement Actions Relating to Payroll Card Programs

Last week, 16 Democratic Senators sent a letter on regulation of payroll cards to Consumer Financial Protection Bureau (“CFPB”) Director Richard Cordray and Department of Labor (“DOL”) Acting Secretary Seth Harris. The letter...more

7/19/2013 / Consumer Financial Protection Bureau (CFPB) , Department of Labor (DOL) , EFTA , Enforcement Actions , Minimum Wage , Payroll Cards

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