FTC Settles Case Alleging Deceptive Statement Re Website Privacy Compliance
The Federal Trade Commission has settled a case against a California online training services company that the FTC said falsely claimed to be in the... Read More
Federal Regulatory Developments
DOJ $5mm Non-Prosecution Agreement with Swiss Bank over Tax Reporting
The Tax Division of the Justice Department recently announced that it has agreed not to prosecute a small Swiss private bank for any tax-related or... Read More
Mulvaney Supports Treasury and OCC Fintech Actions
On July 31, 2018, CFPB Acting Director Mick Mulvaney issued a statement supporting recent efforts by the Department of Treasury and the OCC to expand... Read More
Labor Law Poster Scheme May Violate FTC Act and Florida Deceptive and Unfair Trade Practices Act
The Federal Trade Commission (FTC) and State of Florida have charged an individual and his company with violations of the FTC Act and the Florida... Read More
New York Debt Collector Settles with the New York AG and FTC
A New York debt collector and its officers have recently settled with the New York attorney general and the Federal Trade Commission in a suit... Read More
HUD and DOJ Initiate Public Awareness Campaign against Sexual Harassment in Housing
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Justice (DOJ) released a public service announcement to raise awareness of... Read More
CFPB Agrees to $25 Million Settlement with National Bank for Misleading and Deceptive Marketing
On July 20, 2018, the CFPB filed a proposed judgment and consent order, settling a lawsuit the CFPB filed against a national bank for its... Read More
CFPB Orders $1.5 Million Penalty for Misrepresentation of Finance Charges for Auto Title Loans
The CFPB recently entered into a settlement for approximately $1.5 million with a financial services company that allegedly deceived consumers by failing to disclose accurate... Read More
FHA to Reduce False Claims Act use in FHA Lending
Multiple sources have reported that FHA Commissioner Brian Montgomery recently stated that the Trump administration wants to curtail the use of the False Claims Act... Read More
CFPB Names Director of Recently-Created Office of Innovation
Paul Watkins has been selected to head of the Bureau of Consumer Financial Protection’s new Office of Innovation, which will focus on encouraging consumer friendly... Read More
Debt Collector and its Former CEO to Pay Up to $3 Million Each to Settle CFPB UDAAP and FDCPA Claims
The CFPB recently entered into a consent order with a debt collector and its former CEO and part owner that requires each to pay up... Read More
Mulvaney Appoints Brian Johnson to Acting Deputy Director of CFPB
On July 9, 2018, the Bureau of Consumer Financial Protection announced that acting Director “Mick” Mulvaney appointed Brian Johnson as acting Deputy Director. Johnson served... Read More
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