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.
2023 Financial Services Conference
October 22-24, 2023
Save the Date! Our Nineteenth Annual Conference is back in Baltimore at the Marriott Waterfront Hotel. For more details and to register, click here.
Hudson Cook Insights
Today's Trends in Credit Regulation
California DFPI Issues Final Rules on Commercial Financing UDAAP and Annual APR Reporting
By Katherine C. Fisher and Eric Mulligan
The California Department of Financial Protection and Innovation became the nation's first regulator with authority to police "abusive" acts and practices in commercial financing when it recently adopted final regulations to implement the California Consumer Financial Protection Law's provisions governing commercial financing. article continued
Online Chat Features and California's Two-Party Consent Rule for Recording Conversations
By Eric D. Mulligan
If you've been on the Web lately (and who hasn't?), you've probably seen a site with a chat feature. Consumers in several lawsuits have attempted to use those chat features as a basis for liability under Section 632.7 of the California Invasion of Privacy Act, which prohibits anyone from recording a call between specified devices without the consent of all parties. article continued
CFPB Bites of the Month - August 2023 - School Bells Ringing Loud and Clear, Vacation's Over, CFPB is Near
By Eric L. Johnson, Justin B. Hosie and Laura J. Bacon
In this month's article, we share some of our top "bites" for the prior month covered during the August 2023 webinar.
Bite 1: CFPB Publishes Report on Employer-Driven Debt
On July 20, 2023, the CFPB published a report on employer driven debt, based on an inquiry it started in June of 2022. article continued
Indiana Department of Financial Institutions Publishes Advisory Letter on Characterization and Disclosure of E-Lien Fees
By Erica A.N. Kramer
On June 30, 2023, the Indiana Department of Financial Institutions published Advisory Letter 2023-01, addressing the permissibility of e-lien fees not payable to the Indiana Bureau of Motor Vehicles. The publication was prompted by the implementation of a mandatory statewide electronic lien and title system. article continued