A federal District Court judge in Nevada has dismissed a case filed by several trade associations against the Commissioner of the Financial Institutions Division (“FID”) of the Nevada Department of Business and Industry and the Nevada Attorney General. The case was brought in response to a 2019 amendment (SB 311) that changed Nevada law to
Fair Credit
FTC settles lawsuit against car dealer alleging discriminatory pricing practices
By Christopher J. Willis on
The FTC recently announced a settlement of its lawsuit filed in a New York federal district court against a New York City car dealership and its individual general manager in which the FTC alleged that the defendants discriminated against African-American and Hispanic car buyers and engaged in other illegal business practices. The settlement provides for…
Trade groups respond to Nevada regulator and AG in lawsuit challenging Nevada law
By Anthony C. Kaye & Jeremy C. Sairsingh on
Posted in Fair Credit, Regulatory and Enforcement
We recently provided an update in a case we’ve been following involving a lawsuit challenging a Nevada statute, SB 311, that allows an applicant for credit with no credit history to request that a creditor treat an applicant’s credit history as identical to that of the applicant’s spouse during the marriage.
Since our last blog…
Nevada regulator and AG file new motion to dismiss in lawsuit by 3 trade groups challenging Nevada law
By Jeremy C. Sairsingh on
Posted in Fair Credit, Regulatory and Enforcement
We have been closely following a lawsuit challenging a 2019 Nevada amendment that relates to the treatment of spousal credit history during the credit application process. Senate Bill 311, which went into effect on October 1, 2019, allows an applicant for credit with no credit history to request that the creditor treat the applicant’s credit…
FTC sends annual ECOA report to CFPB
By John L. Culhane, Jr. on
FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B.
The FTC has authority to enforce the ECOA and Reg. B as to nonbank providers within its jurisdiction. However, like several of the FTC’s prior letters on its ECOA…
Sixth and Ninth Circuits Issue Decisions Applying Spokeo to FDCPA and FCRA Claims
By Stacy H. Rubin on
Posted in Debt Collection, Fair Credit
Earlier this month, in Buchholz v. Meyer Njus Tanick, P.A., the U.S. Court of Appeals for the Sixth Circuit affirmed a district court’s decision that a plaintiff who alleged that the defendant had violated the Fair Debt Collection Practices Act (“FDCPA”), failed to allege a concrete injury in fact sufficient to confer Article III…
Trade groups respond to motion to dismiss lawsuit challenging Nevada law allowing applicant to rely on spouse’s or former spouse’s credit report
By Anthony C. Kaye & Abran Vigil on
Posted in Fair Credit, Regulatory and Enforcement
The three trade groups challenging an amendment to Nevada law that allows an applicant for credit with no credit history to request that the creditor deem the applicant’s credit history to be identical to that of the applicant’s spouse during the marriage have responded to the motion to dismiss their lawsuit filed by the Commissioner…
CFPB files cross-motion for summary judgment in lawsuit alleging wrongful delay in Section 1071 implementation; describes rulemaking plan
By Alan S. Kaplinsky on
Posted in Fair Credit, Regulatory and Enforcement
The CFPB has filed a cross-motion for summary judgment in the lawsuit filed by the California Reinvestment Coalition, the National Association for Latino Community Asset Builders, and two individual small business owners seeking a declaration that the CFPB’s failure to issue regulations implementing Section 1071 violates the Administrative Procedure Act and an order directing the…
Nevada regulator and AG file opposition to trade groups’ preliminary injunction motion in lawsuit challenging Nevada law allowing applicant to rely on spouse’s or former spouse’s credit report
By Anthony C. Kaye & Abran Vigil on
Posted in Fair Credit, Regulatory and Enforcement
The Commissioner of the Financial Institutions Division (FID) of the Nevada Department of Business and Industry and the Nevada Attorney General have filed opposition to the preliminary injunction motion filed by three trade groups in their lawsuit challenging an amendment to Nevada law that allows an applicant for credit with no credit history to request…
Nevada regulator and AG seek dismissal of lawsuit filed by trade groups challenging Nevada law allowing applicant to rely on spouse’s or former spouse’s credit report
By Anthony C. Kaye & Abran Vigil on
Posted in Fair Credit, Regulatory and Enforcement
The Commissioner of the Financial Institutions Division of the Nevada Department of Business and Industry and the Nevada Attorney General have filed a motion to dismiss the lawsuit filed last month in Nevada federal court by three trade groups challenging an amendment to Nevada law that allows an applicant for credit with no credit history…