Federal Consumer Protection News: September 2022

Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB) has ordered Regions Bank to pay $50 million into the CFPB’s victims relief fund and to refund at least $141 million to customers harmed by allegedly illegal surprise overdraft fees. According to the consent order resolving the matter, from August 2018 through July 2021, Regions…

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Attorney General Consumer Protection News: September 2022

Multistate Actions Led by Arkansas Attorney General Leslie Rutledge, Connecticut Attorney General William Tong, and North Carolina Attorney General Josh Stein, 51 attorneys general called on the Federal Communication Commission (FCC) to require telephone providers that route calls across the U.S. telephone network to implement more rigorous measures to prevent illegal and fraudulent robocalls from bombarding…

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Federal Consumer Protection News: August 2022

Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB) published guidance regarding data security requirements for financial companies. The circular provides guidance to consumer protection enforcers, including examples of when firms can be held liable for lax data security protocols. The CFPB settled with Hello Digit, LLC, a financial technology company, resolving allegations that…

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Attorney General Consumer Protection News: August 2022

Multistate Actions A bipartisan coalition of 36 attorneys general announced a $450 million agreement in principle with opioid maker Endo International plc and its lenders as part of Endo’s bankruptcy filing. The tentative agreement would provide up to $450 million to participating states and local governments, ban promotion of Endo’s opioids, and require Endo to…

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Federal Consumer Protection News: July 2022

Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB or Bureau) and Office of the Comptroller of the Currency fined Bank of America a combined $225 million for failing to disburse state unemployment benefits at the height of the pandemic. Bank of America automatically and unlawfully froze people’s accounts with a faulty fraud detection…

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Attorney General Consumer Protection News: July 2022

Multistate Actions The bipartisan opioids executive committee of 12 attorneys general announced $6.6 billion in agreements in principle with opioid makers Allergan and Teva. Teva purchased Allergan’s opioid products and generic portfolio in 2016. The attorneys general stated that both settlements remain contingent on resolution of key issues involving settlement structure and changes in business…

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Attorney General Consumer Protection News: June 2022

Multistate Actions Led by Connecticut Attorney General William Tong, Florida Attorney General Ashley Moody, and Washington Attorney General Bob Ferguson, 46 Attorneys General obtained a $1.25 multistate settlement with Carnival Cruise Line stemming from a 2019 data breach. Led by Nevada Attorney General Aaron Ford and Virginia Attorney General Jason Miyares a bipartisan group of…

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Federal Consumer Protection News: June 2022

Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees. These charges, commonly described by debt collectors as “convenience fees,” are imposed on consumers who want to make a payment in a particular way, such as online or by…

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Attorney General Consumer Protection News: May 2022

Discover the latest consumer protection updates from your state or territory attorney general from May 2022.

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Federal Consumer Protection News: May 2022

Discover the latest federal consumer protection updates from May 2022.

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