Compliance

The Federal Trade Commission has reached a settlement with the perpetrators of a scam where the defendants pretended to be lawyers in an attempt to collect debts, some of which did not exist. In many cases, the defendants used threats of arrest and imprisonment to coerce more than $700,000 of …

The judge in charge of Leandra English’s lawsuit against President Trump and his pick to be the acting director of the Consumer Financial Protection Bureau has its next court date: Dec. 22. English has until today to file a motion for a preliminary injunction. Amicus briefs supporting her arguments are …

An interesting article from a quartet of lawyers at the law firm of Pepper Hamilton has raised awareness of a potential issue regarding any guidance issued by a federal regulator, including those that keep an eye on financial institutions. The General Accountability Office issued an opinion back in October that guidance …

Not many details are available yet, but a bill has been introduced in the House of Representatives that would amend the Fair Debt Collection Practices Act. The text of the bill is not yet available online, but a summary of the bill says that the proposed legislation would amend the …

Both houses of the Michigan legislature have approved a bill that will allow collection agencies to now employ lawyers in their offices. The bill is headed to Gov. Rick Snyder’s office for his signature to become law. He has 14 days to sign or veto the legislation. The state Senate …

Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, says he has yet to speak with Leandra English, who is still fighting to be the acting director of the Consumer Financial Protection Bureau. Mulvaney says he has sent some emails to English, including one directing her to stop …

A dozen members of Congress have stepped up to help credit unions in their fight to get an exemption from the Federal Communications Commission with respect to complying with the Telephone Consumer Protection Act. The bipartisan support from members of the House of Representatives is meant to help clear up …

Those in the ARM industry who think that the change in leadership at the Consumer Financial Protection Bureau is the first step in spending less time and money on compliance are likely to be surprised that life is not likely to get any easier, according to a panel of lawyers …

A federal judge in Maryland has denied a request for a summary judgment against a plaintiff suing for violations of the Telephone Consumer Protection Act, even though the defendant submitted recordings of 89 phone conversations with the plaintiff where revocation of consent was never once mentioned. The case is Ginwright …

Signet Jewelers has disclosed in a filing with the Securities and Exchange Commission that is being investigated by the Consumer Financial Protection Bureau and is facing a possible legal action by the agency. The possible legal action involves violations of the Consumer Financial Protection Act and the Truth in Lending …