Democrats Send Letter to Kraninger
← Previous Article Next Article → Senator Elizabeth Warren (D-MA), alongside Congresswomen Raja Krishnamoorthi (D-IL), Ayanna Pressley (D-MA), and Katie Porter (D-CA), sent a letter on August 14 to Kathy Kraninger, the Director of the Consumer Financial...
Capital One Hacker Targeted 30 Companies
← Previous Article Next Article → Capital One has become just the latest major financial services company to have been hacked. U.S. prosecutors are now accusing the alleged hacker of not only stealing the personal information of more than 100 million...
Will the Supreme Court Rule on CFPB Constitutionality?
← Previous Article Next Article → Seven amicus briefs have been sent to the U.S. Supreme Court supporting a review of Seila Law’s petition for a writ of certiorari, according to Alan S. Kaplinsky, partner with Ballard Spahr LLP. The amicus briefs were filed...
Hyperlinks Do Not Count as Debt Disclosures under FDCPA
← Previous Article Next Article → The Seventh Circuit Court of Appeals recently ruled that a debt collector violated the Fair Debt Collections Practices Act (FDCPA) when it informed a consumer about her debt obligations via an email that did not “imply the...
Alternative Data Has Upside Says Federal Regulator
← Previous Article Next Article → Earlier this week, the Consumer Financial Protection Bureau (CFPB) announced the results of its No-Action Letter given to fintech company Upstart Network in late 2017. With the no-action policy, Upstart was able to show that... Texas Court Continues Stay of Small-Dollar Rule’s Compliance Date
← Previous Article Next Article → Earlier this week, Judge Lee Yeakel from the District Court for the Western District of Texas continued his “stay” of the compliance date for both the payment provisions and the mandatory underwriting provisions of the...
The Fed Officially Jumps into Real-Time Payments
← Previous Article Next Article → Last week, we told readers that Federal Reserve (Fed) Chairman Jerome Powell was “seriously considering” a real-time payments system. A week later, the Fed officially announced that it would begin developing a...
Parties Request Continued “Stay” on Small-Dollar Rule
← Previous Article Next Article → On August 2, 2019, the defendants and plaintiffs in a lawsuit over the Consumer Financial Protection Bureau’s (CFPB) Small-Dollar Rule asked a Texas district court to continue its stay of the Rule, including both the... 