In a recent en banc decision, the U.S. Court of Appeals for the Eleventh Circuit held that a debt collector’s disclosure of a consumer’s debt to a third party mail vendor was not actionable under the Fair Debt Collection Practices Act (FDCPA) because the consumer did not show he suffered the type of injury that bears a “close relationship” to one traditionally recognized at common law—in this case, “public disclosure of private facts.”
The CFPB recently published its 2021 Mortgage Market Activity and Trends Report, which provides an overview of residential mortgage lending in 2021 based on HMDA data. According to the Bureau, the Report is intended to further the CFPB’s objective of “providing an evidence-based perspective on consumer financial markets, consumer behavior, and regulations to inform the public discourse.”
On Wednesday, September 7, 2022, acting Comptroller of the Currency Michael J. Hsu gave remarks in New York City at the Clearing House + Bank Policy Institute Annual Conference. Hsu’s remarks, “Safeguarding Trust in Banking: An Update,”[1] were focused on measures the Office of the Comptroller of Currency (OCC) is taking to build stronger trust among consumers in the banking system.
In June 2022, Colorado enacted HB22-1410, a law governing remote work for licensed lenders. Specifically, the law amends the Uniform Consumer Credit Code by permitting employees of a supervised lender to work remotely. A “remote location” is defined in the law as “a private residence of an employee of a licensee or another location selected by the employee and approved by the licensee.”
The Federal Communications Commission released a notice of proposed rulemaking (NPRM) seeking comment on regulations it could adopt to reduce spam and scam text messages. The FCC noted that the number of illegal, unwanted texts has grown significantly over the last few years.
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