In a notice of “Intent to Make Preemption Determination under the Truth in Lending Act (Regulation Z),” the CFPB announced that it is seeking comments on its preliminary determinations that the Truth in Lending Act (TILA) does not preempt certain provisions of the New York Commercial Finance Disclosure Law (CFDL) or the commercial financing laws of California, Utah, and Virginia.
On December 8, 2022, Veros Credit reported a data breach with the Texas Attorney General’s office after the company learned that an unauthorized party was able to access confidential consumer information that had been entrusted to the company. According to Veros, the breach resulted in affected consumers’ names, addresses, Social Security numbers, driver’s license numbers, financial account information, insurance information and medical information being compromised.
On December 7, the Consumer Financial Protection Bureau (CFPB) published a notice of intent to make a preemption determination on whether the Truth in Lending Act (TILA) preempts a New York commercial financing law. The CFPB has made a preliminary conclusion that the law is not preempted by TILA, and is also considering whether to make a preemption determination regarding similar state laws in California, Utah, and Virginia.
FRANKFORT, Ky. (December 12, 2022) – Attorney General Cameron today joined a bipartisan coalition of 51 attorneys general in urging the Federal Communications Commission (FCC) to continue its efforts to reduce unwanted text messages from fraudulent numbers.
The Consumer Financial Protection Bureau has published Debt Collection Rule FAQs for Regulation F, containing questions and answers that pertain to compliance with the rule. The FAQs cover limited-content messages, call frequency issues and more.
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