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May

24
2024
Industry News

Supreme Court Report, Volume 31, Issue 12

Consumer Financial Protection Bureau v. Community Financial Services Ass’n of America, Ltd., 22-448. By a 7-2 vote, the Court held that Congress’s manner of funding the Consumer Financial Protection Bureau (CFPB) satisfies the Appropriations Clause. In response to the 2008 financial crisis, Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act, which created the CFPB as an independent financial regulator within the Federal Reserve System.

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May

24
2024
Industry News

Attorney General Brown Supports FTC Effort to Protect Car Buyers

BALTIMORE, MD (May 24, 2024) – Attorney General Anthony G. Brown has joined a multistate coalition of 19 attorneys general in filing an amicus brief in National Automobile Dealers Association et al. v. FTC, supporting the Federal Trade Commission’s (FTC) defense of its new Combating Auto Retail Scams (CARS) Trade Regulation Rule.

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May

24
2024
Trends

Who’s who in scams: a spring roundup

Scammers are all about spinning lies, but they still operate in the real world. Many scammers pretend to be well-known businesses to gain trust and make their stories seem more believable.[1],[2

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May

24
2024
Trends

New FTC Data Shed Light on Companies Most Frequently Impersonated by Scammers

New data from the Federal Trade Commission shows that Best Buy/Geek Squad, Amazon, and PayPal are the companies people report scammers impersonate most often.

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May

23
2024
Industry News

Attorney General Campbell Reaches Settlement With EasyPay Over Alleged Rent-A-Bank Scheme, Secures Restitution and Ceases Lending in the Commonwealth

BOSTON — Attorney General Andrea Joy Campbell has reached an assurance of discontinuance (AOD) with EasyPay, which made predatory loans to Massachusetts consumers by laundering loans through a bank not subject to Massachusetts’ protections.

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