On August 21, the U.S. Supreme Court denied a request by West Virginia Attorney General (AG) Patrick Morrisey and 26 other state AGs to participate in oral arguments in Consumer Financial Protection Bureau (CFPB) et al. v. Community Financial Services Association of America et al., which concerns whether the CFPB’s statutory authorization violates the Constitution’s Appropriations Clause.
On August 29, 2023, F21 OpCo LLC d/b/a Forever 21 (“Forever 21”) filed a notice of data breach with the Attorney General of Maine after discovering an external system breach compromised the information of over 539,000 individuals.
On August 2, 2023, the California Department of Financial Protection and Innovation (DFPI) issued a final rule that prohibits certain persons from engaging in unfair, deceptive, or abusive acts or practices (UDAAP) in connection with offering or providing commercial financing or other financial products or services to small businesses, nonprofits, or family farms.
On August 18, a judge in the U.S. District Court for the Western District of New York granted the plaintiff’s motion for class certification for alleged violations of the Fair Debt Collections Practices Act (FDCPA) relating to an allegedly improper debt assignment notification.
Rates on 30-year mortgages edged lower Monday, moving further below last week's historic peak. Rates on 5/6 ARM loans showed the biggest daily drop, while averages for most other loan types were roughly flat.
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