The Colorado Uniform Debt Management Services Act (DMSA) regulates companies that offer and provide debt management services to Colorado residents. Under Colorado law, debt management services providers include providers of…
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/ Administrative Law, Business Organizations, Consumer Protection, Finance & Banking
The ink is barely dry on the California Department of Financial Protection and Innovation’s (“DFPI” or the “Department”) newly approved regulation package PRO 01-21, and DFPI has already begun to take steps to implement…
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/ Administrative Law, Consumer Protection, Finance & Banking
On October 11, 2024, the California Department of Financial Protection and Innovation (DFPI) approved regulations submitted to the California Office of Administrative Law (OAL) under its authority granted by the California…
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/ Administrative Law, Consumer Protection, Finance & Banking
As of August 9, 2024, Illinois joins Maryland, South Dakota, Wisconsin, Kansas, Maine, Vermont, South Carolina, Missouri, and Connecticut as the latest state this year to have enacted legislation or regulations stemming from the…
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/ Administrative Law, Consumer Protection, Finance & Banking
The Federal Trade Commission (FTC) issued a new Final Rule (the “Rule”) on Wednesday, August 14, 2024, targeting unfair and deceptive acts or practices specifically related to consumer reviews and testimonials, allowing the…
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/ Antitrust & Trade Regulation, Business Torts, Consumer Protection
Colorado bankruptcy trustees have recently been increasing their focus on debt settlement companies and attorneys alleged to be performing services in violation of the Colorado Uniform Debt-Management Services Act (“CUDMSA” or…
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/ Bankruptcy, Civil Procedure, Consumer Protection, Finance & Banking
In a continuing trend across U.S. states, Vermont and Pennsylvania have shown their intent to establish more oversight over the digital currency sector. New legislative amendments to Vermont’s financial services laws include…
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/ Administrative Law, Finance & Banking, Science, Computers, & Technology
The Association of the Bar of the City of New York (“NY City Bar”), through its Committee on Professional Ethics (the “Committee”), has unveiled Formal Opinion 2024-4 (the “Opinion”), addressing the nuanced and evolving terrain…
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/ Business Organizations, Law Practice Products & Services
The Telephone Consumer Protection Act (TCPA) landscape continues to evolve as new legislation is implemented and courts across various jurisdictions grapple with complex issues regarding standing, agency, and consent. This…
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/ Civil Procedure, Communications & Media Law
In two landmark decisions during the last week of June 2024, SEC v. Jarkesy et al. (“Jarkesy”) and Loper Bright Enterprises et al. v. Raimondo (“Loper”), the Supreme Court has shown its intent to intensify its scrutiny over…
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/ Administrative Law, Civil Procedure, Constitutional Law, Securities Law
The CFPB has issued a final rule to provide transparency and track certain covered nonbank offenders. On June 3, 2024, the CFPB introduced a significant regulatory measure known as the Registry of Nonbank Covered Persons Subject…
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/ Commercial Law & Contracts, Finance & Banking, Consumer Protection
On May 15, 2024, the 2nd Circuit Court of Appeals dismissed a class action lawsuit against Subway for alleged Telephone Consumer Protection Act (“TCPA”) violations. See Soliman v. Subway Franchisee Advert. Fund Tr., LTD. The…
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/ Communications & Media Law, Consumer Protection, Privacy
In another move highlighting the Consumer Financial Protection Bureau's (the “Bureau” or “CFPB”) continued focus on the payments space, the CFPB has issued a new report finding consumers are encountering numerous problems with…
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/ Consumer Protection, Finance & Banking
The recent Federal Trade Commission (FTC) vote to ban most non-competes has unveiled a surprisingly bold agenda less than six months out from a U.S. presential election. The FTC’s 3-2 vote was down party lines, with Democrats…
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/ Administrative Law, Commercial Law & Contracts, Labor & Employment Law
Elections are looming around the corner for President Biden, which means it’s time to show results. In an effort to make an impact, the Consumer Financial Protection Bureau (“CFPB”) is making strides in the consumer credit…
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/ Consumer Protection, Finance & Banking
