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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Hudson Cook Insights

Today's Trends in Credit Regulation

Attention Digital Marketers of Financial Products and Services: The CFPB Wants to Be Friends

By Andrea S. Cottrell

Look out, digital marketers! The Consumer Financial Protection Bureau just sent you a friend request. Last month, the CFPB published a press release and an interpretive rule—"Limited Applicability of Consumer Financial Protection Act's 'Time or Space' Exception with Respect to Digital Marketing Providers." article continued

CFPB Charges Payment Processor with Using 'Dark Patterns' to Enroll Consumers into Auto-Renewal Plans

By Michael A. Goodman and Francis Conlon

On October 18, 2022, the CFPB filed suit in Texas federal court against a company that provides online registration and payment processing services to event organizers. The CFPB alleges that the defendant-company deployed "digital duplicity" or "dark patterns" to deceive consumers into signing up for costly membership subscriptions and generating hundreds of millions of dollars in fees in the process. article continued

CFPB Sues Online Lender for Alleged Military Lending Act and UDAAP Violations

By Lucy E. Morris and Michael C. Essiaw

The complaint, filed in the U.S. District Court for the Southern District of New York, alleges that the fintech company violated the MLA when it imposed membership fees on borrowers which, when combined with loan-interest-rate charges, exceeded the MLA's annual percentage rate cap. Further, the Bureau alleges that the company violated the MLA by inserting an illegal arbitration provision in the contracts and by failing to make the requisite disclosures to borrowers. article continued

CFPB Bites of the Month - October Top 10: Ghosts, Goblins & the Spooky CFPB

By Eric L. Johnson, Justin B. Hosie, and Byron J. Carter

In this month's Top 10 article, we share some of our top "bites" for the prior month covered during the October 19, 2022, webinar.

So, what happened last month?

Extra Bite: CFPB Releases Special Edition of Supervisory Highlights on Student Loan Servicers and University-Owned Lenders article continued

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