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.
2026 Financial Services Conference
November 8-10, 2026
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Last Week, This Morning®
Key developments from the past week in consumer and commercial finance and privacy law.
CFPB Issues Statement on Consideration of Immigration Status in Making Ability-to-Repay Determinations
NCUA Issues Interim Final Rule Clarifying Federal Credit Unions' Power to Charge Interchange Fees for Processing Payment Card Transactions
Maryland Office of Financial Regulation Provides Short Window to Obtain Mortgage and Installment Lender License Without Enforcement
Illinois Buy-Now-Pay-Later Loan Consumer Protection Act Awaits Governor's Signature
New York AG Sues Arbitration Platform for Deceptive Practices Involving Arbitrations of Merchant Cash Advance Agreements
Maine Notice of Right to Cure that Overstated Cure Amount and Contained Mathematical Errors Deemed Defective
Connecticut Revises Timing of Flood Disclosures to Mortgage Loan Applicants
Voice Authentication Services Provider for Financial Institution Customers Is Exempt from Illinois BIPA
New York AG Settles Claims Against Captive Finance Company for Knowingly Profiting from Dealerships' Overcharging of Lessees Who Purchased Vehicles at End of Lease Term
Congresspersons Urge Bank to Remove Arbitration Provision from Online Banking Services Agreement
Federal District Court Lawsuit Seeks to Vacate ECOA Final Rule on Disparate Impact Liability
Vermont Legislature Approves Bill Targeting Factoring and Sales-Based Financing
Minnesota Makes Significant Changes to Consumer Credit Laws
Hudson Cook Insights
Today's Trends in Credit Regulation
CFPB Issues Slimmed-Down Version of 1071 Rule
By Trisha J. Cacciola
On May 1, 2026, the Consumer Financial protection Bureau ("CFPB") issued a new final rule implementing Section 1071 of the Dodd-Frank Act (the "1071 Rule"). The new rule replaces the 2023 version of the rule, which was delayed by court challenges, and had a postponed effective date. article continued
State Watch: Consumer Protection Enforcement Update
By Anastasia V. Caton
State credit regulators take center stage this month: the Illinois Department of Financial and Professional Regulation, the Massachusetts Division of Banks, the New Hampshire Banking Department, and the South Carolina Department of Consumer Affairs all announced enforcement actions over issues such as usury, unlicensed activity, and excessive fees. article continued
Consumer Financial Services Bites of the Month - May 20, 2026 - "May You Never."
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 2026 webinar. article continued
New York Appellate Decision Provides Clear and Well-Reasoned Resource for the RBF Industry
By Robert F. Gage
I frequently write about court decisions involving revenue-based financing ("RBF" also commonly referred to as "sales-based finance" or "merchant cash advance") because these decisions are the primary basis on which we determine how revenue-based financing transactions must be structured and how RBF contracts should be written. article continued