Ad Law Access
CFPB Issues Final Rules of Practice Governing the Agency's Adjudication and Investigational Proceedings and an Interim Final Rule Pursuant to the Equal Access to Justice Act
On June 29, 2012, the CFPB issued two Rules of Practice separately governing the agency’s adjudication proceedings and investigational, nonadjudicative matters. In addition, the CFPB issued its final State Official…
FTC Settles Landmark FCRA Case Involving the Sale of Social Media Data for Employment Screening
The Federal Trade Commission (FTC) today announced its settlement with Spokeo, Inc. for alleged violations of the Fair Credit Reporting Act (FCRA) and Section 5(a) of the FTC Act. As part of the FTC's ongoing…
CFPB Announces Final Enforcement Action Rules
Last week, the Consumer Financial Protection Bureau (“CFPB”) finalized three rules and issued one interim rule outlining procedures related to violations of consumer protection laws. The press release announcing the…
CFPB Releases Proposed Rule for Supervision of Non-Bank Persons Based on "Reasonable Cause"
On May 25, 2012, the CFPB released a proposed rule outlining its process for determining whether a covered person has engaged, or is engaging in, conduct that poses risks to consumers related to the offering or…
CFPB Holds Field Hearing on General Purpose Reloadable Prepaid Cards
On May 23, 2012, the Consumer Financial Protection Bureau (CFPB) officially launched its prepaid card initiative. In addition to issuing an Advance Notice of Proposed Rulemaking (ANPR), the CFPB hosted a field hearing…