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Morning Docket: 08.15.23 - Vimarsana News

Morning Docket: 08.15.23

* Keep track of who's who in the latest indictment. [Politico] * Meanwhile, Abbe Lowell and Winston & Strawn have stepped up their collective role in the Hunter Biden case, arguing that the original plea agreement included binding government promises that didn't evaporate just because the judge rejected the deal. [Law360] * CFPB going after data brokers selling people's personal data. Yet again, the government agency making the most direct, tangible impact for people is the one that still worries that every election might be its last. [Bloomberg Law News] * Justice Departmen...

Nickel And Dime Charges Add Up To Billions: How You Can Fight Back Against Banks' Junk Fees - Vimarsana News

Nickel And Dime Charges Add Up To Billions: How You Can Fight Back Against Banks' Junk Fees

The onslaught of "junk" fees by big banks is hardly a nickel and dime matter.

Source: forbes.com
Texas Court Enjoins CFPB's Enforcement Of Small Business Lending Rule - Financial Services - Vimarsana News

Texas Court Enjoins CFPB's Enforcement Of Small Business Lending Rule - Financial Services

On July 31, the U.S. District Court for the Southern District of Texas enjoined the CFPB from implementing and enforcing the small business lending rule...

Source: mondaq.com
Latest CFPB Supervisory Highlights Detail UDAAPs Across Range Of Areas - Financial Services - Vimarsana News

Latest CFPB Supervisory Highlights Detail UDAAPs Across Range Of Areas - Financial Services

On July 26, the CFPB released its Summer 2023 Supervisory Highlights reporting unfair, deceptive, and abusive acts or practices (UDAAPs) across a number of consumer financial products...

Source: mondaq.com
Judge puts US, New York predatory lending lawsuit against Credit Acceptance on hold - Vimarsana News

Judge puts US, New York predatory lending lawsuit against Credit Acceptance on hold

A federal judge on Monday put on hold a predatory lending lawsuit against Credit Acceptance Corp by the U.S. Consumer Financial Protection Bureau and New York Attorney General Letitia James, over objections from both regulators. In staying the lawsuit, U.S. District Judge Jennifer Rearden in Manhattan cited a separate case before the U.S. Supreme Court over whether the CFPB's funding mechanism is constitutional. A ruling against the CFPB could imperil actions by the consumer watchdog since it was created as part of the Dodd-Frank Act in 2010, in response to the global financial crisis.

Source: yahoo.com