Refund Period News Today

On May 31, 2023, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consent order with an Indiana-based non-bank installment lender.

FERC provides guidance in opinion Nos. 569, 569-a, and 569-b on refunds for sequential “pancaked” complaints under Section 206 of the Federal Power Act USA December 10 2020 For years, FERC has permitted challengers to submit a second “pancaked” rate complaint while a complaint under Section 206 of the Federal Power Act (“FPA”) is already pending. The pancaked complaints created overlapping refund periods and uncertainty about what refunds were available under each complaint. I...