Payment Processor Agrees to $25 Million CFPB Consent Order
On June 27, 2023, a payment processor, without admitting or denying the allegations, agreed to a consent order with the CFPB to pay $25 million... Read More
Litigation Developments
Mortgage Company and Bank Defeat $500M Foreclosure Suit
On June 21, 2023, a state trial court in Georgia issued a final judgment in favor of a mortgage company and bank, after the jury... Read More
District Court Denies Payment Processor’s Motion to Dismiss in Merchant Overcharging Suit
The District Court for the District of New Jersey recently denied a credit card service company’s motion to dismiss a complaint alleging the company overcharges... Read More
Large National Bank and Mortgage Servicer Defeat ERISA Lawsuit
A federal judge for the U.S. District Court for the Southern District of New York recently granted summary judgment in favor of a large national... Read More
Supreme Court: FCA’s Knowledge Prong is Subjective, not Objective
The U.S. Supreme Court has unanimously held that the False Claims Act’s (FCA) scienter element refers to a party’s actual knowledge or subjective beliefs. In... Read More
6th Circuit Revives Ringless Voicemail TCPA Suit
On June 1, 2023, a panel for the U.S. Circuit Court for the Sixth Circuit reversed a district court’s dismissal of a ringless voicemail lawsuit... Read More
CFPB Settles with Lender for $20 Million to Resolve Deceptive Sales Allegations
The CFPB recently entered into a consent order with an installment lender to resolve allegations of deceptive sales practices concerning its add-on products. As part... Read More
Colorado Supreme Court Finds CARES Act Eviction Notice Rule is Still in Effect
On May 15, 2023, the Colorado Supreme Court held that even though the eviction moratorium of the Act has expired the Coronavirus Aid, Relief and... Read More
Supreme Court Reverses Ruling Affirming FDIC Sanctions Against Former CEO
The U.S. Supreme Court recently reversed a Sixth Circuit ruling that had affirmed the FDIC’s sanctions against a former CEO despite the fact that the... Read More
Colorado Holds that CARES Act’s 30-Day Notice Provision Is Still in Effect
The Colorado Supreme Court recently held that the 30-day eviction notice requirement under the CARES Act is still in effect. Colorado joins Washington, Oklahoma, and... Read More
Pennsylvania Attorney General Enters $11M Consent Petition With Fintech In ‘Rent-To-Own’ Loan Fee Suit
On May 15, 2023, the Pennsylvania Attorney General entered into a consent petition with a digital finance company, resolving claims the company had utilized deceptive... Read More
District Court Dismisses FTC Complaint against Data Analytics Company
A federal judge in the U.S. District Court for the District of Idaho recently dismissed the FTC’s complaint against a data analytics company. However, the... Read More
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