Consumer Leasing Act News Today

The CFPB Monday announced annual threshold adjustments related to the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Fair Credit Reporting

Regulators made annual adjustments to cutoff thresholds for oversight of loans under TILA and appraisal requirements fir higher-priced loans.

A Rhode Island federal district court recently refused to enforce a stand-alone class action waiver in the consumer plaintiff’s automobile lease agreement on the ground that it violates...

On September 11, the Consumer Financial Protection Bureau (CFPB) announced that it issued a consent order against Tempoe, LLC, a nonbank consumer finance company, for alleged violations...

Mississippi has been named one of the 41 states included in a settlement with Tempoe, LLC following an investigation into the company’s advertising and leasing to consumers through retailers across the nation. The multistate investigation revealed that Tempoe’s marketing and sales practices often misled consumers to believe they were signing...

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry...

The Federal Trade Commission has provided its annual report to the CFPB on its enforcement and related activities in 2022 regarding the Truth in Lending Act (TILA), Consumer Leasing Act...

Pennsylvania Attorney General Michelle Henry just announced an $11 million settlement with a rent-to-own provider resolving allegations of deceptive and predatory financing practices.

Last year, the Federal Trade Commission published its proposal to enact a Motor Vehicle Dealers Trade Regulation Rule, a move that would purportedly protect consumers from auto dealers.

Debt is not just a poor person's plight. People with good credit and equity are like a buffet to lenders who want a piece of your wealth. And they have fantastically complicated contract language to distract you with.