Toyota Motor Credit Corp. will pay $7.6 million to settle allegations brought by the office of Attorney General Andrea Campbell that it engaged in unfair lending practices. Much of that money — about $5.5 million — will go toward wiping out debts owed to Toyota by as many of 500 borrowers in Massachusetts, according to the attorney general’s office.
Litigation activity picked up a bit for an end-of-year rally as FDCPA complaints (+11.2%) hit double digits over last month and FCRA complaints (+8%) were also up more than usual. TCPA complaints (-32.4%) were still down though, by a lot.
The Consumer Financial Protection Bureau has proposed a rule (PDF) that would create a registry on supervised nonbank entities with arbitration agreements in their contracts.
The Federal Trade Commission will host a public forum on Thursday, February 16 examining the FTC’s proposed rule to prohibit employers from imposing noncompetes on their workers, and providing an opportunity for people to directly share their experiences with noncompetes.
WASHINGTON - Today, the U.S. Equal Employment Opportunity Commission (EEOC) held a public hearing to examine the use of automated systems, including artificial intelligence (AI), in employment decisions. Increasingly, employers are using automated systems to make employment decisions, including the recruitment, hiring, monitoring, and firing of workers.
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