Regulatory Announcements-
FTC Announces Agenda for October 2022 Open Commission Meeting. On October 13, the FTC announced the agenda for its October 20, 2022 Open Commission Meeting. Specifically, the agency announced that...more
10/18/2022
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Chief Technology Officer (CTO) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Price Index ,
Data Security ,
Dodd-Frank ,
EFTA ,
False Claims Act (FCA) ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Fees ,
OCC ,
Surveillance
Businesses delivering digital products and services surged during the onset of the COVID-19 pandemic when people increasingly turned to online options for healthcare, financial products and services, retail, and more....more
On October 3, 2022, the Federal Communications Commission’s (FCC or Commission) Robocall Response Team issued a Press Release announcing Enforcement Orders against seven voice service providers listed in the agency’s Robocall...more
Regulatory Announcements-
CFPB Releases Report Finding Violations of Federal Law by Student Loan Servicers and University-Owned Lenders. On September 29, the CFPB released the Supervisory Highlights Student Loan Servicing...more
10/4/2022
/ American Bankers Association ,
California Consumer Privacy Act (CCPA) ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Financial Protection and Innovation (DFPI) ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Horse Racing ,
Interest Rates ,
Overdraft Fees ,
Public Service Loan Forgiveness program (PSLF program) ,
Student Loans ,
Targeted Digital Advertising ,
UDAAP
On September 27, 2022, the Federal Communications Commission (FCC or Commission) released a Notice of Proposed Rulemaking (NPRM) seeking comment on a proposal that would require mobile wireless providers to block illegal text...more
9/30/2022
/ Call Blocking ,
Caller ID Services ,
Comment Period ,
Do Not Call List ,
FCC ,
Federal Register ,
Phishing Scams ,
Proposed Rules ,
Robocalling ,
Spoofing ,
TCPA ,
Text Messages ,
Websites
On September 15, 2022, the Federal Trade Commission (FTC) issued a Notice of Proposed Rulemaking (NPRM) to promulgate a “Rule on Impersonation of Government and Businesses,” which would prohibit the impersonation of...more
Regulatory Announcements-
FTC Holds September Open Commission Meeting and Votes to Approve Government and Business Impersonation Fraud NPRM, Gig Work Policy Statement, and Dark Patterns Report. On September 15, the FTC held...more
9/21/2022
/ Advertising ,
Amicus Briefs ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Karma ,
Data Brokers ,
Data Collection ,
E-Cigarettes ,
Experian ,
Fair Credit Reporting Act (FCRA) ,
Fake Reviews ,
False Advertising ,
FDCPA ,
Federal Nursing Home Reform Act (FNHRA) ,
Federal Trade Commission (FTC) ,
FTC Act ,
Geolocation ,
Made in the USA ,
NPRM ,
Popular ,
Pre-approval ,
Skilled Nursing Facility ,
Surveillance ,
Third-Party
FTC Launches Long-Anticipated Trade Regulation Rulemaking on ‘Commercial Surveillance’ and Data Security. On August 11, the FTC issued an Advance Notice of Proposed Rulemaking (ANPR), titled “Trade Regulation Rule on...more
8/30/2022
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Advertising to Minors ,
Car Dealerships ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Act ,
Coronavirus/COVID-19 ,
Data Security ,
Department of Justice (DOJ) ,
False Claims Act (FCA) ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
FinTech ,
FTC Act ,
Made in the USA ,
Marketing ,
Multi-Factor Authentication ,
Personal Protective Equipment ,
Popular ,
ROSCA ,
Surveillance
On August 11, 2022, the Consumer Financial Protection Bureau (CFPB) published a Circular stating that the failure of financial institutions, including nonbank financial firms such as fintech companies and credit reporting...more
On August 11, 2022, the Federal Trade Commission (FTC) released its much anticipated advance notice of proposed rulemaking (ANPR), titled “Trade Regulation Rule on Commercial Surveillance and Data Security.” The ANPR is the...more
8/12/2022
/ Administrative Procedure Act ,
Advanced Notice of Proposed Rulemaking (ANPRM) ,
Artificial Intelligence ,
Automated Decision Systems (ADS) ,
Communications Decency Act ,
Consent ,
Consumer Financial Products ,
Corporate Counsel ,
Data Collection ,
Data Security ,
Federal Register ,
Federal Trade Commission (FTC) ,
FTC Act ,
Surveillance ,
Transparency ,
Unfair or Deceptive Trade Practices
Regulatory Announcements-
FTC Commissioner Phillips Plans to Leave the Agency in the Fall, Per Media Reports. On August 8, several media outlets reported that FTC Commissioner Noah Phillips informed his staff through a memo...more
8/9/2022
/ Automotive Loans ,
Bank Accounts ,
Cancellation Rights ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
CRA ,
Credit Reports ,
Department of Justice (DOJ) ,
Fair Credit Reporting Act (FCRA) ,
Fair Housing Act (FHA) ,
Federal Trade Commission (FTC) ,
FTC Act ,
Hyundai ,
Made in the USA ,
Medical Debt ,
Misleading Statements ,
Payment Processors ,
Personal Protective Equipment ,
Popular ,
Servicemembers Civil Relief Act (SCRA) ,
Truth in Lending Act (TILA) ,
US Bank
On July 26, 2022, the Request for Comment approved by the Federal Trade Commission (FTC or Commission) in May seeking public input on a number of proposed changes to the FTC’s Guides Concerning the Use of Endorsements and...more
7/27/2022
/ Advertising ,
Advertising to Minors ,
Comment Period ,
Endorsements ,
Fake Reviews ,
False Advertising ,
Federal Trade Commission (FTC) ,
FTC Act ,
FTC Endorsement Guidelines ,
Influencers ,
Marketing ,
Online Endorsements ,
Online Reviews ,
Unfair or Deceptive Trade Practices
Regulatory Announcements-
FTC Announces MOU with NLRB to Address Employment-Based Consumer Protection Issues. On July 19, the FTC announced that it entered into a memorandum of understanding (MOU) with the National Labor...more
7/26/2022
/ Consumer Financial Protection Bureau (CFPB) ,
Data Collection ,
EFTA ,
Federal Trade Commission (FTC) ,
FTC Act ,
Geolocation ,
Gig Economy ,
Memorandum of Understanding ,
Military Lending Act ,
NLRB ,
Non-Compete Agreements ,
OCC ,
Truth in Lending Act (TILA)
At its July Open Commission meeting, the Federal Communications Commission’s (FCC or Commission) voted to approve a Notice of Apparent Liability for Forfeiture (NAL) against Thomas Dorsher, ChariTel Inc, OnTel Inc, and...more
7/20/2022
/ Arbitrage ,
Consent ,
FCC ,
Notice of Apparent Liability (NAL) ,
Piercing the Corporate Veil ,
Public Announcements ,
Robocalling ,
Scams ,
TCPA ,
Toll-Free Numbers ,
Willful Violations
Television stations licensed in California must file license renewal applications by Monday, August 1, 2022. Pursuant to the Federal Communications Commission’s (FCC’s or Commission’s) public notice rule, a television station...more
Regulatory Announcements-
CFPB Issues Advisory Opinion on FCRA Permissible Purposes for Providing Consumer Reports. On July 7, the CFPB issued an Advisory Opinion on the Fair Credit Reporting Act (FCRA) that outlines...more
7/12/2022
/ Advertising ,
Advisory Opinions ,
CARD Act ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Convenience Fees ,
Coronavirus/COVID-19 ,
Debt Collectors ,
Enforcement Actions ,
Fair Credit Reporting Act (FCRA) ,
FDCPA ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Fraud ,
FTC Act ,
Internet Marketing ,
Interpretive Rule ,
Minors ,
Money Transfer ,
Notice of Proposed Rulemaking (NOPR) ,
Request For Information ,
Sandbox ,
Telemarketing Sales Rule ,
Wal-Mart
Account security and digital identity have been hot topics for regulators and at the National Institute of Standards and Technology (NIST). The government has been promoting multifactor authentication (MFA) and innovation in...more
7/1/2022
/ Authentication ,
Consumer Privacy Rights ,
Cybersecurity ,
Email ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Multi-Factor Authentication ,
NIST ,
Online Advertisements ,
Passwords ,
Personal Information ,
Privacy Policy ,
Social Media
The Federal Trade Commission (FTC or Commission) now has a full slate of Commissioners with the confirmation and swearing-in of Commissioner Alvaro Bedoya, who brings an extensive background in privacy issues....more
6/29/2022
/ Algorithms ,
Artificial Intelligence ,
CafePress ,
COPPA ,
Data Collection ,
Data Security ,
Federal Trade Commission (FTC) ,
FTC Act ,
Notice Requirements ,
Personal Information ,
Surveillance
Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory...more
6/22/2022
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Artificial Intelligence ,
Congressional Reports ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Leasing Act (CLA) ,
Credit Reports ,
CROA ,
Cryptocurrency ,
Debt Collection ,
Department of Veterans Affairs ,
Drug Pricing ,
EFTA ,
Enforcement Actions ,
Fake Reviews ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Hate Crimes ,
Military Service Members ,
Misleading Statements ,
No-Action Letters ,
Online Advertisements ,
Pharmacy Benefit Manager (PBM) ,
Popular ,
Request For Information ,
Telemarketing Sales Rule ,
Truth in Lending Act (TILA)
Regulatory Announcements-
CFPB Releases Guidance on ECOA Requirements for Algorithmic Credit-Related Decisions. On May 26, the CFPB published a Consumer Financial Protection Circular addressing creditors’ requirements...more
6/1/2022
/ Algorithms ,
Breach Notification Rule ,
Competition ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
COPPA ,
Data Breach ,
ECOA ,
Endorsements ,
Federal Trade Commission (FTC) ,
FTC Act ,
Innovation ,
Notice of Proposed Rulemaking (NOPR) ,
Online Education ,
Substance Abuse ,
Targeted Digital Advertising ,
Twitter
Alvaro Bedoya Sworn in as FTC Commissioner Following Senate Confirmation. On May 16, Alvaro Bedoya was sworn in as FTC Commissioner. The U.S. Senate confirmed Bedoya to the FTC’s open Commissioner on May 11. ...more
5/17/2022
/ Advisory Opinions ,
Amicus Briefs ,
Automotive Loans ,
Balloon Payments ,
Bank of America ,
California Consumer Privacy Act (CCPA) ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
COPPA ,
Coronavirus/COVID-19 ,
Credit Reports ,
CROA ,
Discrimination ,
ECOA ,
Enforcement Actions ,
Fair Credit Reporting Act (FCRA) ,
Federal Trade Commission (FTC) ,
FinTech ,
Garnishment ,
Injunctive Relief ,
Internet Service Providers (ISPs) ,
Labeling ,
Made in the USA ,
Misleading Statements ,
Popular ,
Senate Confirmation Hearings ,
Technology ,
Telemarketing Sales Rule
Television stations licensed in Arizona, Idaho, Nevada, New Mexico, Utah, and Wyoming must file license renewal applications by Wednesday, June 1, 2022. Pursuant to the Federal Communications Commission’s (FCC’s or...more
Regulatory Announcements-
FTC Holds April 2022 Open Commission Meeting and Launches Rulemaking Proceedings on Telemarketing. On April 28, the FTC held a virtual Open Commission Meeting to consider a Notice of Proposed...more
5/3/2022
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
AMG Capital Management LLC v FTC ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
Do Not Call List ,
Enforcement Actions ,
Fair Credit Reporting Act (FCRA) ,
Federal Trade Commission (FTC) ,
FinTech ,
FTC Act ,
Misleading Statements ,
Notice of Proposed Rulemaking (NOPR) ,
Senate Committees ,
Telemarketing ,
Telemarketing Sales Rule
Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory...more
4/19/2022
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Consent Order ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Credit Practices Rule ,
Credit Reporting Agencies ,
ECOA ,
Employee Training ,
False Advertising ,
False Claims Act (FCA) ,
Federal Family Education Loan Program (FFEL) ,
Federal Trade Commission (FTC) ,
For Profit Colleges ,
FTC Act ,
Holder Rule ,
Human Trafficking ,
Labeling ,
Late Fees ,
Made in the USA ,
Popular ,
Telemarketing Sales Rule ,
Unfair or Deceptive Trade Practices
On Wednesday, March 30, the Consumer Financial Protection Bureau (CFPB) announced that it fined student loan servicer Edfinancial Services (Edfinancial) $1 million for allegedly misrepresenting Federal Family Education Loan...more