The Consumer Financial Protection Bureau (CFPB) today ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions, including advertising inaccurate fees and failing to properly disclose exchange rates and other costs.
Today, the Consumer Financial Protection Bureau (CFPB) published a report showing that United States servicemembers pay higher costs and face greater financial risks than civilian borrowers when taking out credit to buy a car. The report analyzes more than 20 million auto loans originated between 2018 and 2022, and finds that servicemembers typically have larger loans, make smaller down payments, and ultimately shoulder higher monthly costs.
Last week, the U.S. Court of Appeals for the Third Circuit issued an opinion denying class certification in a case under the Telephone Consumer Protection Act (TCPA) finding common issues did not predominate the individual inquires. The decision further clarified the application and constitutionality of the statute to unsolicited fax advertisements.
The Telephone Consumer Protection Act (TCPA), 47 U.S.C. § 227, was enacted in 1991 “to protect the privacy interests of residential telephone subscribers,” according to the act’s legislative history. The TCPA provides for a “do-not-call list,” a registry that allows consumers to opt out of receiving unsolicited telemarketing calls. The primary purpose of the do-not-call list is to give individuals a way to limit the number of unwanted sales calls they receive. The TCPA provides consumers with a private right of action.
Welcome back to the second installment of our three-part series for Data Privacy Week 2025. We previously discussed the foundations of data privacy laws, and now we will focus on the current landscape of U.S. state privacy laws and consider important updates that companies should be aware of. Stay tuned for our third article later this week discussing our outlook for 2025.
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