In Case You Missed It: Consumer Financial Services Law Monitor - December 2022 in Review
We have posted several new topics to the Consumer Financial Services Law Monitor blog throughout the month of December. To read further, click on the titles below:
Featured Posts/Client Alerts
December 5 - Troutman Pepper Weekly Consumer Financial Services Newsletter
December 12 - Troutman Pepper Weekly Consumer Financial Services Newsletter
December 20 - Troutman Pepper Weekly Consumer Financial Services Newsletter
December 27 - Troutman Pepper Weekly Consumer Financial Services Newsletter
Auto Finance
FDIC Pursuing Disparate Impact Theory Against Auto Lenders Already Rejected by Congress
Banking
Federal Court Holds That Bank’s Arbitration Clause Fails for Lack of Meaningful Opt-Out
CFPB
CFPB Launches Its First Civil Investigation of a Crypto Firm
CFPB Intends to Clear Way for New State Laws Requiring Cost Disclosures in Commercial Transactions
2020 HMDA Final Rule Partially Vacated: Closed-End Loan Reporting Threshold Lowered
CFPB Publishes Notice of Proposed Rulemaking Signaling Intent to Create Registry of Repeat Offenders
Massachusetts AG Reaches $600K Settlement With Debt Settlement Payment Processor
Cryptocurrency
OFAC Settles With Kraken for $362,158: Maximum Penalty Avoided
Senators Introduce Bill to Extend Anti-Money Laundering Rules to Cryptocurrency
Debt Buyers + Collectors
Connecticut Department of Banking Fines Law Firm $100,000 for Collecting Without a License
Tenth Circuit Affirms Dismissal of FDCPA Mailer-Vendor Claims
Filing Motion to Dismiss in State Court Waived Right to Removal, Holds Fourth Circuit
Mortgage Lending
Supreme Court to Hear Arguments on Biden’s Student Loan Forgiveness Plan
Regulatory Enforcement + Compliance
FCC Opens Call Spoofing Complaint Portal to Private Entities
TCPA
Ninth Circuit Reaffirms Borden Interpretation of ATDS
Podcasts
Bankruptcy Filings Among Crypto Exchanges: Is This a Sign of the Future?
What Is Mass Arbitration and How Should Companies Protect Themselves?
What to Do When a Phishing Attack Happens to You
New Consumer Bankruptcy Reform Act Implications and the 2023 Congressional Outlook