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.

Auto

Auto Law Compliance - Learn More
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Mortgage

Mortgage Law Compliance - Learn More
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Installment

Installment Law Compliance - Learn More
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Goods/Services

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Boat/RV/Powersports

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Privacy

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2024 Financial Services Conference

November 6-8, 2024

Save the Date! Our 20th Annual Conference is in Baltimore at the Four Seasons Hotel. For more details and to register, click here.

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Last Week, This Morning

Key developments from the past week in consumer and commercial finance and privacy law.

U.S. Supreme Court Overrules Chevron Doctrine

FHFA Conditionally Approves Limited Pilot Allowing Freddie Mac to Purchase Certain Second Mortgage Loans

Federal Agencies Finalize Rule Implementing Quality Control Standards for Automated Valuation Models

Federal District Court Issues Preliminary Injunction Enjoining Colorado from Enforcing DIDMCA Opt-Out

Louisiana Enacts Bill Regulating Data Collection of Minors by Social Media Platforms

CFPB Sets New Compliance Dates for Small Business Lending Rule

CFPB Releases Report on Financing of Negative Equity

CFPB Increases Focus on Medical Payment Products

CFPB Obtains Consent Orders Against Reverse Mortgage Servicers

FFIEC Releases 2024 HMDA Reporting Guide

Rhode Island Prohibits Charging Fees to Seniors for Provision of Paper Documents

CFPB Proposes Rule Limiting Use and Reporting of Medical Debt by Creditors and Credit Reporting Agencies

Colorado Amends Lemon Law

Connecticut Releases Sales-Based Financing Disclosure Form

Kentucky, Maryland, Minnesota, and Nebraska Pass Comprehensive Privacy Laws

Washington DFI Grants Grace Period for Licensure to Certain Persons Subject to Predatory Loan Prevention Act

Hudson Cook Insights

Today's Trends in Credit Regulation

Company Violates Mortgage Law by Holding Servicing Rights without License

By Clayton C. Swears

It is usually no surprise to companies operating in the financial services space that they may need a state license to make or service consumer loans. That is particularly true when the loans are highly regulated residential mortgage loans. article continued

AAA Makes Changes in Attempt to Reign in Mass Arbitration

By Eric L. Johnson

Ever heard of "mass arbitration"? If you haven't heard of that term, you may be lucky. By rule of thumb, a "mass" of something isn't necessarily a good thing (unless it's a mass of tacos on my plate). If you have heard of mass arbitration or been subjected to a mass arbitration, help may be on the way from the American Arbitration Association. article continued

CFPB Bites of the Month - May 2024 - CFPB: Light My Way, Virginia May

By Justin B. Hosie, Eric L. Johnson and Kristen Yarows

In this month's article, we share some of our top "bites" covered during the May 2024 webinar. article continued

To Litigate or to Arbitrate: That Is the Question!

By Gabriela I. Chambi and Julia K. Whitelock

You've been sued by a consumer. Now what?

First things first: What are your business's priorities regarding how and where the dispute is resolved? Should the dispute be resolved by a court, or could it be resolved through arbitration? article continued

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