CFPB, Federal Agencies, State Agencies, and Attorneys General
The Consumer Education Foundation, a California-based nonprofit consumer advocacy organization, has filed a petition with the FTC asking it to investigate the use of “secret surveillance scores” in the U.S. marketplace.
Such scores are claimed to be the product of analytics companies that “amass thousands or even tens of thousands of demographic and lifestyle data…
The FTC has issued a final rule to implement a 2018 amendment to the FCRA made by the Economic Growth, Regulatory Relief, and Consumer Protection Act that requires nationwide consumer reporting agencies (CRAs) to provide free electronic credit monitoring service for active duty military consumers. The rule will be effective 30 days after its publication…
The Federal Trade Commission (“FTC”) recently rescinded several Model Forms and Disclosures associated with the Fair Credit Reporting Act (“FCRA”), determining they are no longer necessary, given that the CFPB has issued its own model forms and disclosures. The FTC forms that have been rescinded and the corresponding CFPB forms that now apply are as…
The Federal Trade Commission recently provided its annual letter to the CFPB concerning its enforcement activities relating to compliance with Regulation Z (Truth in Lending Act), Regulation M (Consumer Leasing Act), and Regulation E (Electronic Fund Transfer Act). Under Dodd-Frank, the FTC retained its authority to enforce these regulations with respect to entities subject to…
The FTC has launched a dedicated FinTech page on its website where it has assembled FinTech-related materials.
The materials that can be accessed on the new page include Guidance (which consists of various FTC publications), Videos (which include excerpts from FTC workshops), Related Posts (which address ongoing FTC developments), and Legal Resources (which include staff…
The FTC has released the final agenda for its June 11, 2019 workshop that will examine consumer protection issues related to the online event ticket marketplace.
The day-long workshop will feature four panel discussions. The morning sessions will focus on ticket bots, the Better Online Ticket Sales Act (BOTS Act), and consumer protection issues around…
On Wednesday, May 8, the Federal Trade Commission hosted a special forum exploring small business lending practices, regulations, and policies. The forum consisted of three panels: (1) Overview of the Small Business Financing Marketplace, (2) Case Study on Merchant Cash Advances, and (3) Consumer Protection Risks and the Path Ahead, along with the opening remarks…
The FTC has announced that on Wednesday, May 8, it will host a forum on small business lending which will examine trends and consumer protection issues in the marketplace. The event will feature opening remarks by FTC Commissioner, Rohit Chopra, and closing remarks by FTC Bureau of Consumer Protection Director, Andrew Smith. We will be…
The FTC has published a notice in the Federal Register announcing that it has decided to retain its Holder Rule without modification. The FTC stated in the notice that it received 19 comments, all of which urged retaining the rule.
As part of a systematic review of all of its rules and guides, the FTC…
In this podcast, we explore the implications of the FTC’s proposed amendments to the GLBA Privacy Rule, which is limited to motor vehicle dealers, and the GLBA Safeguards Rule, which applies more broadly to all non-bank financial institutions subject to the FTC’s jurisdiction. We will take a closer look at the FTC’s shift away from…
