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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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2018 Financial Services Conference

April 22-24, 2018

Save the Date! Our fifteenth annual Conference will be held at the Baltimore Marriott Waterfront in Baltimore, Maryland. For more details and to register, click here. For sponsorship and exhibitor opportunities, click here.

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Hudson Cook Insights

Today's Trends in Credit Regulation

Michigan Reverses Longstanding Ban on Loan Referral Payments

By Robert F. Gage

For many marketplace lenders, loan referrals are an important source of new customers. But Michigan has for some time banned some lenders from paying for loan referrals. Nonbank financial institutions licensed under Michigan's Regulatory Loan Act are subject to Rule 493.20 of the Michigan Administrative Code, which provides that a licensee "shall not pay any person for loan applications or recommendations." article continued

The New Arbitration Rule: The End for Now.

By Nora Udell

Have you heard the news? The Arbitration Rule is no more! The Vote. In a close vote (50 Republican Senators and Vice President Pence's tie-breaking vote), the Senate approved the House Resolution of Disapproval under the Congressional Review Act to repeal the Consumer Financial Protection Bureau's Arbitration Rule. Senator Lindsey Graham, Senator John Kennedy, the Senate Democrats and Senator Sanders voted to reject the Resolution. article continued

Exemption Thresholds for Consumer Credit and Consumer Leasing Increase for First Time Since 2015

By Katie Hawkins

On November 9, 2017, the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board announced an increase in the dollar thresholds for the Truth in Lending Act ("TILA") and its implementing regulation, Regulation Z, and the Consumer Leasing Act ("CLA") and its implementing regulation, Regulation M, that will apply in determining exempt consumer credit and consumer leasing transactions in 2018. article continued

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