Ad Law Access
FTC Advisory Opinion Affirms Broad Consumer Rights Under Holder Rule
Earlier today, the Federal Trade Commission (FTC) issued an advisory opinion affirming broad consumer rights under the Holder in Due Course Rule ("Holder Rule"). The National Consumer Law Center (NCLC), joined by…
FTC, CFPB, and DOJ File Brief Supporting Fair Credit Reporting Act
Today the Federal Trade Commission ("FTC"), Consumer Financial Protection Bureau ("CFPB"), and Department of Justice ("DOJ") filed a brief supporting the constitutionality of the Fair Credit Reporting Act ("FCRA").…
CFPB Extends Time For Comments on Overdraft Programs
The CFPB has extended the amount of time for comments on overdraft programs from the end of April to June 29, 2012. The original Notice and Request for Information, published on February 22, 2012, asked for…
CFPB Takes First Step in Arbitration Clause Study
The CFPB announced on April 24th that it is taking the first step in conducting a study into the impact of arbitration and arbitration clauses on consumers as used by consumer financial services companies. The study…
CFPB Warns that Banks and Nonbanks Could Be on the Hook for Vendor's Misconduct
On Friday, the Consumer Financial Protection Bureau ("CFPB") issued a bulletin warning that it will seek to hold supervised banks and nonbanks liable for their vendors' misconduct. Banks and nonbanks often hire service…