Consumer Credit and Privacy Compliance

Online research tools to manage compliance with federal and state laws and regulations

CounselorLibrary.com, LLC, an affiliate of the law firm of Hudson Cook, LLP, is the leading compliance resource for the consumer financial services and privacy industries, providing comprehensive coverage and analysis of federal and state laws, regulations, and litigation. Select a category below, or view all products.

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Auto Law Compliance - Learn More
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Mortgage Law Compliance - Learn More
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Installment Law Compliance - Learn More
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2019 Financial Services Conference

April 28-30, 2019

Save the Date! Our sixteenth annual Conference will be held at the Baltimore Marriott Waterfront in Baltimore, Maryland. Details and online registration coming soon.

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Hudson Cook Insights

Today's Trends in Credit Regulation

OCC Releases Military Lending Act Booklet

By Erica A.N. Kramer

On May 11, 2018, the Office of the Comptroller of the Currency issued a new booklet on the Military Lending Act as part of its Consumer Compliance series included within the Comptroller's Handbook. OCC examiners will use the booklet when examining and supervising national banks, federal savings associations, and federal branches and agencies of foreign banks. The booklet includes not only a thorough discussion of the expanded MLA Regulations, issued in July 2015, but also incorporates the Department of Defense's interpretive rules issued in August 2016 and December 2017. article continued

The FDCPA After Henson v. Santander: The Evolving Principal Purpose Test

By Nora R. Udell and Anastasia V. Caton

In June of 2017, the U.S. Supreme Court decided Henson v. Santander, a landmark Fair Debt Collection Practices Act ("FDCPA") case. In Henson, the Supreme Court held that a person who collects debt that it owns is not "collecting debt owed or due another," which is one prong of the FDCPA's definition of "debt collector." Although important, the holding is not surprising. In fact, the case is more important for what it did not decide under the other prong of the FDCPA's definition of debt collector. article continued

Congress Kills Bureau Anti-Discrimination "Guidance"- Now What?

By L. Jean Noonan

On May 21, the Consumer Financial Protection Bureau issued a statement in the wake of President Trump signing into law a bipartisan Congressional Review Act resolution disapproving the Bureau's guidance about indirect auto creditor compliance with the Equal Credit Opportunity Act and its implementing regulation. So, what is this latest dust-up about? You probably know the history. The Bureau issued a bulletin on dealer pricing in March 2013. The bulletin was controversial and intensely unpopular with the auto finance industry from the get-go. article continued

Oklahoma Passes GPS and Starter Interrupt Device Law

By Eric L. Johnson

On May 1, 2018, Oklahoma Governor Mary Fallin signed House Bill 3260 into law. Effective immediately, the new law expands the crime of stalking to include the act of "following," defined as the "tracking of the movement or location of an individual through the use of a Global Positioning System (GPS) device or other monitoring device … without the consent of the individual whose movement or location is being tracked." article continued

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