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State Attorneys General Excessive Fees

Morrison & Foerster LLP

CFPB Signals Continued Involvement in Litigation with State Attorneys General

While the Consumer Financial Protection Bureau (“CFPB”) may have halted certain operations, it is remaining active in certain litigation, including cases brought by multistate attorneys general. Recently, the CFPB signaled...more

Cozen O'Connor

New FTC Rule Cracks Down on Hidden Fees

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The FTC has finalized a new rule aimed at ensuring greater transparency for consumers regarding mandatory fees, also called “junk fees,” for live event tickets and short-term lodging....more

Cozen O'Connor

CFPB Settles With Mortgage Servicer About Allegedly Misleading Foreclosure Options

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The CFPB reached a settlement with mortgage servicer Fay Servicing, LLC, to resolve allegations that the company took prohibited foreclosure actions against borrowers and prevented borrowers from taking advantage of loss...more

Cozen O'Connor

The State AG Report – 8.1.2024

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Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •District of Columbia AG Secures Record $3.75 Million...more

Cozen O'Connor

The State AG Report – 5.2.2024

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Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •Florida AG Takes the Field Against Atlantic Coast...more

Cozen O'Connor

CFPB Crusade Against “Junk” Fees Continues in Examinations of Mortgage Servicers

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The CFPB announced that in its examination of mortgage servicers, it found that certain servicers violated truth-in-lending and other consumer protection laws designed to keep homeowners in their homes by charging homeowners...more

Cozen O'Connor

AGs Support FTC Efforts to Eradicate Hidden Fees

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A bipartisan coalition of 19 AGs and the Hawaii Office of Consumer Protection wrote a comment letter supporting the FTC’s proposed Trade Regulation Rule on Unfair or Deceptive Fees meant to curb hidden fees, sometimes called...more

Cozen O'Connor

Coin Cafe Settles with New York AG for $4.3 Million to Resolve Allegations of Exorbitant and Deceptive Crypto Storage Fees

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New York AG Letitia James settled with cryptocurrency trading platform Coin Cafe, Inc. to resolve allegations that the company violated the Martin Act and New York Executive Law by misleading investors about the excessive...more

Foster Garvey PC

Junk Fee Prevention Act: Senators Introduce Bill to Eliminate Excessive Fees for Consumers

Foster Garvey PC on

On March 22, 2023, Senators Richard Blumenthal (D-CT) and Sheldon Whitehouse (D-RI) introduced a bill “to limit and eliminate excessive, hidden, and unnecessary fees imposed on consumers.” In response to President Biden’s...more

Cozen O'Connor

Labs Agree to Refund Fees for Expedited COVID-19 Tests with Late Results

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New York AG Letitia James reached a settlement with private health labs ClearMD Health and Sameday Health to resolve allegations that they misrepresented turnaround times for COVID-19 test results in violation of New York’s...more

Cozen O'Connor

The State AG Report – 2.3.2022

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The State AG Report – 2.3.2022 Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US:... ...more

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