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December

1
2022
Industry News

CFPB Takes $19 Million Action Against Loan Doctor and Edgar Radjabli for Offering Fake High-Yield Bank Accounts

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action against Loan Doctor to resolve the CFPB’s claims that the company and its founder, Edgar Radjabli, broke the law by deceiving consumers into thinking they were depositing funds into a guaranteed return savings product within a commercial bank.

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December

1
2022
Industry News

Murphy, Van Hollen Reintroduce Legislation to Protect Consumers from Medical Debt

WASHINGTON—U.S. Senators Chris Murphy (D-Conn.) and Chris Van Hollen (D-Md.) on Wednesdayreintroduced legislation to strengthen consumer protections and reform medical debt practices.

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December

1
2022
Industry News

CFPB Petitions High Court to Consider Decision Holding Funding Structure Unconstitutional

On November 14, 2022, the Consumer Financial Protection Bureau (“CFPB”) filed a petition for a writ of certiorari in connection with the Fifth Circuit’s recent decision in Community Financial, which held that the CFPB’s funding structure violated the Constitution’s Appropriations Clause.

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December

1
2022
Compliance

FCC Declares that “Ringless Voicemails” are “Calls” that Require Consumer Consent to Avoid TCPA Liability

On November 21, 2022, the Federal Communications Commission (FCC or Commission) issued a declaratory ruling finding that “ringless voicemails” to wireless telephones require consumer consent because they are “calls” made using an artificial or prerecorded voice, and thus are covered by the federal Telephone Consumer Protection Act, 47 U.S.C. § 227 (TCPA)

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