Capital One Financial’s latest results show consumers continue to spend, but a modestly worse economic outlook has boosted allowance for credit losses. CEO Richard Fairbank said during the conference call with analysts that “consumer credit metrics remain strong — and they’ve been normalizing steadily through 2022 and are approaching pre-pandemic levels.”
Unlawful negative option marketing practices
Question: Can persons that engage in negative option marketing practices violate the prohibition on unfair, deceptive, or abusive acts or practices in the Consumer Financial Protection Act (CFPA)? Response, Background and Analysis provided in this CFPB Circular.
The California Privacy Protection Agency Board (“Board”) will hold a public meeting at the following date and time via Zoom video and telephone conference:
Date: Friday, February 3, 2023
Time: 10:00 am PST
For Meeting Info and Agenda, see Link. California Privacy Protection Agency Board - MEETING NOTICE & AGENDA - FEBRUARY 17, 2022
WebRecon’s latest report shows litigation was a mixed bag across the board in November in Telephone Consumer Protection Act, Fair Debt Collection Practices Act and Fair Credit Reporting Act cases.
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) issued a request for information today seeking public feedback on how the consumer credit market is functioning as part of a biennial review of the industry. The CFPB is seeking more and current information on various aspects of the consumer experience with credit cards.
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