On October 18, the U.S. Court of Appeals for the Fifth Circuit affirmed a district court’s vacatur of a maritime attachment order, providing a detailed analysis of the requirements for personal and in rem jurisdiction over attached property under the Federal Rules of Civil Procedure.
Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its case against Townstone Financial for discriminatory lending practices and redlining African American neighborhoods in Chicago. If entered by the court, the proposed order would prohibit Townstone from taking any actions that violate the Equal Credit Opportunity Act (ECOA) and require the company to pay a $105,000 penalty to the CFPB’s victims relief fund.
In the landscape of debt settlement, the California DFPI’s latest guidelines mark a serious shift towards heightened consumer protection. These comprehensive regulations emphasize transparency, ethical practices, and fair treatment within the debt settlement industry, aiming to bolster consumer trust and accountability. As those in the debt settlement ecosystem navigate these changes, understanding the implications of the guidelines is essential for ensuring compliance while fostering positive consumer experiences..
The Federal Deposit Insurance Corporation (FDIC) today announced its Board of Directors has approved the appointment of Amanda J. Lavis as Director of the agency’s new Office of Equal Employment Opportunity (OEEO).
National Credit Union Administration Chairman Todd M. Harper and Board Member Tanya F. Otsuka released the following statements after the Consumer Financial Protection Bureau’s enforcement action today against VyStar Credit Union. The enforcement action follows a joint investigation by the NCUA and CFPB into VyStar’s violations of the Consumer Financial Protection Act. The Order is available on the CFPB’s website(Opens new window).
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