Federal Consumer Protection News: October 2021
Consumer Financial Protection Bureau The U.S. Senate voted to confirm Rohit Chopra as the third Director of the Consumer Financial Protection Bureau (CFPB). Chopra was serving as FTC Commissioner, a post he had held since 2018. Chopra issued a statement after he was sworn in, emphasizing “the essential role” the agency plays “within the Federal…
Press Invited to Attend Annual Charities Conference
WHO: The National Association of Attorneys General (NAAG) is hosting a virtual charities conference in partnership with the National Association of State Charity Officials (NASCO). WHAT: The conference is the only annual event at which charity regulators and nonprofit organizations and their attorneys, accountants, fundraisers, and advisers have the opportunity to meet, hear about, and…
Federal Consumer Protection News: September 2021
Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB) settled with student lender Better Future Forward, Inc., an income share agreement (ISA) provider for mispresenting its product and failing to comply with federal consumer financial law that governs private student loans. Under ISAs, students agree to pay a percentage of their income for a…
Federal Consumer Protection News: August 2021
Federal Trade Commission Online lender LendingClub Corporation agreed to pay $18 million to settle Federal Trade Commission (FTC) charges that the company deceived consumers about hidden fees that it charged and whether their loan applications were approved. In addition, the settlement bars LendingClub from making misrepresentations to loan applicants and requires that the company clearly…
Federal Consumer Protection News: July 2021
NEW! We are now providing a digest of consumer protection-related press releases from state and territorial attorneys general and a selection of federal consumer-related releases on ConsumerResources.org, NAAG’s consumer-facing website. Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB or Bureau) warned landlords and consumer reporting agencies to report rental information accurately as the federal eviction moratorium ends…
Supporting Charities in the Time of COVID: The View From the New York Office of the Attorney General
We know all too well that the past year has seen unprecedented challenges for people throughout our nation and all over the world. In my state of New York, the pandemic’s impact on the nonprofit sector, which in normal times employs 1.25 million people (18% of New York’s workforce) has been enormous. We continue to…
Federal Consumer Protection News and Other Items of Interest: May 2021
Federal Consumer Protection News President Biden issued an Executive Order on Improving the Nation’s Cybersecurity following the ransomware attack on the Colonial Pipeline which led to the pipeline shutting down and declarations of emergency and gasoline supply shortages in some states. The order declared that “the prevention, detection, assessment, and remediation of cyber incidents is a top…
Attorney General Consumer Protection News: March 2021
Multistate Actions Led by California Department of Justice and the Washington Attorney General Bob Ferguson, 48 attorneys general announced a $186 million multistate settlement with surgical mesh manufacturer Boston Scientific Corporation to resolve deceptive marketing allegations. A bipartisan group of 24 attorneys general expressed disappointment in the Purdue Pharma restructuring plan submitted in bankruptcy court. …
Federal Consumer Protection News and Other Items of Interest: February 2021
This article includes recent federal consumer protection news.
Attorney General Consumer Protection News: February 2021
This article summarizes recent attorney general consumer protection news, including multistate and individual attorney general actions.
