The Consumer Financial Protection Bureau (CFPB) is working to prevent unlawful debt collection targeting consumers at their workplace. The regulator said in a Thursday (Jan. 2) blog post that it continues to crack down on companies that harass consumers, pointing to actions it took in 2014 and 2018 against debt collectors that contacted borrowers or their employers at work.
On April 4, 2024, Kentucky Governor Andy Beshear (D) signed the Kentucky Consumer Data Protection Act (“KCDPA”) into law, with a slow roll to the date it takes effect on January 1, 2026. Though similar to many other recent state data privacy laws, the KCDPA goes a bit easier on businesses and (1) does not impose a requirement to provide a universal opt-out mechanism, and (2) has a permanent cure provision that will afford violators ongoing opportunities to rectify alleged violations of the law.
On December 18, the U.S. District Court for the Southern District of New York granted a bank’s motion to dismiss the complaint in a case involving wire transfers of an elderly customer who was the victim of an internet scam.
Today’s podcast episode is a repurposing of part one of our December 16 highly-attended and praised webinar consisting of Alan Kaplinsky’s exclusive interview of David Silberman, who held several senior positions at the CFPB for almost 10 years under both Democratic and Republican administrations. Part two of our December 16 webinar, featuring Ballard Spahr partners John Culhane and Joseph Schuster, is to be released on January 9.
The Federal Trade Commission has referred its federal court case against online cash advance firm Dave Inc. to the U.S. Department of Justice (DOJ) which has filed an amended complaint in the case that names Dave CEO Jason Wilk as a defendant and seeks civil penalties.
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