On May 5, 2025, the Federal Trade Commission (FTC or “the Commission”) published FAQs aimed at providing consumers and businesses with information regarding the agency’s Rule on Unfair or Deceptive Fees (the “Junk Fees Rule”...more
5/7/2025
/ Advertising ,
Compliance ,
Consumer Protection Laws ,
Covered Business ,
Credit Card Surcharges ,
Disclosure Requirements ,
Excessive Fees ,
Federal Trade Commission (FTC) ,
Fees ,
Final Rules ,
New Regulations ,
Pricing
We previously reported on changes to leadership at the Consumer Financial Protection Bureau (CFPB), the halt of all activities at the CFPB, and the impacts to the financial services industry. The environment continues to...more
We previously reported that Treasury Secretary Bessent was named as the acting director of the Consumer Financial Protection Bureau (CFPB), and he subsequently ordered the CFPB staff to halt several activities. However, the...more
2/11/2025
/ Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Federal Reserve ,
Financial Institutions ,
Financial Regulatory Reform ,
OMB ,
Regulatory Reform ,
Regulatory Requirements ,
Secretary of the Treasury ,
Trump Administration ,
U.S. Treasury
The Electronic Fund Transfer Act (EFTA) and Regulation E apply to an electronic fund transfer (EFT) that authorizes a “financial institution” to debit or credit a consumer’s account. While a “financial institution”...more
1/14/2025
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Digital Assets ,
Digital Wallets ,
Electronic Fund Transfer Act ,
Financial Institutions ,
Online Marketplace ,
Proposed Rules ,
Regulation E ,
Video Games
Financial institutions that are regulated and supervised by the Office of the Comptroller of the Currency (OCC) should know that the OCC has recently updated its booklet on Unfair or Deceptive Acts or Practices (UDAP) and...more
12/6/2024
/ Abusive Acts ,
Comptroller ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Data Protection ,
Data Security ,
Financial Institutions ,
FTC Act ,
Lending ,
Marketing ,
OCC ,
Overdraft Fees ,
Risk Management ,
UDAAP ,
UDAP ,
Unfair or Deceptive Trade Practices
The Consumer Financial Protection Bureau (CFPB) today announced a proposed new rule that all data brokers be regulated under the 1970 Fair Credit Reporting Act (FCRA), a federal law that protects the use and privacy of credit...more
The Federal Trade Commission (FTC) has finalized amendments to the Negative Option Rule, now retitled the “Rule Concerning Recurring Subscriptions and Other Negative Option Programs“ (“Rule”), which represents a significant...more