Attorney General Consumer Protection News: October 2022

Multistate Actions Led by Minnesota Attorney General Keith Ellison, a bipartisan coalition of 35 attorneys general filed an amicus brief in the U.S. Tenth Circuit Court of Appeals supporting Oklahoma’s laws that regulate pharmacy benefit managers (PBMs). Oklahoma’s laws are being challenged, on ERISA preemption grounds, in the latest lawsuit filed by the PBM industry’s national lobbying association,…

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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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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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Attorney General Consumer Protection News: December 2021

Multistate Actions Led by Idaho Attorney General Lawrence Wasden and Oregon Attorney General Ellen Rosenblum, a bipartisan coalition of 33 attorneys general wrote the Consumer Financial Consumer Protection Bureau (CFPB), calling for stronger consumer safeguards for money sharing platforms and apps. The letter, written in response to the CFPB’s request for comments on its inquiry…

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Attorney General Consumer Protection News: November 2021

Multistate Actions A multistate investigation of Instagram led by a bipartisan group of 8 attorneys general from California, Florida, Kentucky, Massachusetts, Nebraska, New Jersey, Tennessee, and Vermont was announced. The attorneys general are investigating Meta Platforms, Inc., formerly known as Facebook, for providing and promoting Instagram to children and young adults despite allegedly knowing that…

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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…

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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…

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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…

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Federal Consumer Protection News: June 2021

Consumer Financial Protection Bureau The CFPB issued rules designed to prevent avoidable foreclosures as homeowners exit COVID-19 hardship forbearances. The federal eviction moratorium ends June 30, 2021. The new rules go into effect August 31, 2021 and require servicers to meet temporary procedural safeguards before referring 120-day delinquent accounts for foreclosure. According to the Bureau,…

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Federal Consumer Protection News and Other Items of Interest: April 2021

The US Supreme Court ruled against the FTC in AMG Capital Management LLC v. FTC, holding that Section 13(b) of the FTC Act does not permit the FTC to seek and does not allow courts to award “equitable monetary relief such as restitution or disgorgement.” FTC Acting Chairwoman Rebecca Kelly Slaughter issued a statement criticizing…

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