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June

19
2023
Industry News

CFPB Action Dismissed for Bureau Going Out of Bounds on Discovery in District Court Case

The 11th Circuit Court of Appeals has upheld a lower court’s decision that the Consumer Financial Protection Bureau did not follow the discovery process in a civil case.

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June

19
2023
Industry News

DFPI Reports Continuing Success in Implementation of California Consumer Financial Protection Law

SACRAMENTO – The Department of Financial Protection and Innovation (DFPI) announced today it has made significant progress growing its reach and impact in key areas affecting California consumers, two years into implementing one of the most expansive consumer financial protection laws in the nation.

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June

19
2023
Industry News

District Court puts hold on CFPB’s $2.7 billion request in telemarketer case

On June 7, the U.S District Court for the District of Utah denied the CFPB’s motion for an award of monetary and injunctive relief, assessment of civil money penalties, and final judgment in an action taken against a group of Utah-based credit repair telemarketers and their affiliates (collectively, “defendants”).

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June

19
2023
Industry News

Consumer Rights: Weighing the Pros and Cons of Chargebacks as a First Line of Defense Against Merchant Disputes

TAMPA BAY, Fla., June 19, 2023 /PRNewswire-PRWeb/ -- In 2022, 60% of adults in the U.S. were living paycheck to paycheck, and with inflation at a 40-year high,(1) consumers are pulling out their credit cards more often to keep up.

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June

16
2023
Industry News

Attorney General Mayes Urges Federal Agency to Prioritize Transparent, Risk-Based Approach to AI Governance

PHOENIXAttorney General Mayes this week joined 22 other attorneys general in urging the National Telecommunications and Information Administration to advance artificial intelligence governance polices that prioritize robust transparency, reliable testing and assessment requirements, and allow for government oversight and enforcement for high-risk uses.

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