Legal News

A.J. Dhaliwal, September 15, 2022 On September 8, the U.S. Court of Appeals for the Eleventh Circuit issued an order in Hunstein v. Preferred Collection and Management Services, Inc. dismissing the case after determining that plaintiff failed to allege a concrete harm, and…

Moorari Shah, September 15, 2022 Recently, the CFPB released a report outlining the challenges and risks inherent in the rapid evolution of the payment ecosystem, with a particular focus on emerging uses cases involving “super apps,” buy now, pay later (BNPL), and embedded payments, as…

World Economy News, September 09, 2022 U.S. banks reported $64.4 billion in profits in the second quarter of 2022, as higher net interest income offset growing reserves to guard against loan losses, the Federal Deposit Insurance Corporation said Thursday. However,…

Hudson Cook, LLP, September 8, 2022 The first half of 2022 has seen a flurry of state and federal activity attempting to reign in “convenience fees”—fees charged by a creditor, debt collector, or third party to a consumer for making…

Adam Mazmanian, Septembert 2, 2022 Companies that fail to take basic steps to secure customer data and maintain a basic level of cybersecurity hygiene for user accounts could fall afoul of a host of regulators, according to a Consumer Finance…

Manatt, Phelps & Phillips, LLP, September 2, 2022 A Michigan federal court upheld an arbitration clause found on a lead generation website, granting a defendant’s motion to dismiss a Telephone Consumer Protection Act (TCPA) case. On August 15, 2021, Dustin…

Susannah Snider, CFP®, August 29, 2022 When it comes to the question of whether Americans are in a recession –or headed for one in the near future – financial advisors are pessimistic. In a survey of close to 300 financial advisors who…

The Associated Press, August 29, 2022 NEW YORK (AP) — Walmart filed a motion on Monday to dismiss a lawsuit by the Federal Trade Commission in June that accused the nation’s largest retailer of allowing its money transfer services to…

Matt Egan, August 22, 2022 The Federal Reserve is unlikely to tame inflation without pushing the American economy into a recession, according to a survey of economists released Monday. Seventy-two percent of economists polled by the National Association of Business…

James E. Dionne , 22 August 2022 On August 11, 2022, the Consumer Financial Protection Bureau published a Consumer Financial Protection Circular taking the position that providing “[i]nadequate security for the sensitive consumer information collected, processed, maintained, or stored by ……