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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Last Week, This Morning®
Key developments from the past week in consumer and commercial finance and privacy law.
Eighth Circuit Vacates FTC's Negative Option Rule
Connecticut AG Obtains $85K Settlement with Company for Deficient Privacy Notice
New Hampshire Shortens Automatic Discharge Periods for Mortgages
Louisiana Adopts Earned Wage Access Law
"One Big Beautiful Bill" May Help Dealers, Customers, and Finance Companies
Pennsylvania AG Reaches Settlement with Debt Collector that Collected on Tribal Loans
Rhode Island Prohibits Compensation as Both Real Estate Agent and Mortgage Loan Originator in Same Transaction
Washington Department of Commerce Provides Guidance and Disclosure Form Concerning New Foreclosure Prevention Fee Imposed by S.B. 5686
Rhode Island Puts Limits on Medical Debt Interest and Enforcement of Judgments Based on Medical Debt
California Passes Broad and Retroactive Subordinate Mortgage Law
CFPB Issues Policy Statement on Criminally Liable Regulatory Offenses
Louisiana Limits Electronic Vehicle Tracking for Abuse Victims
Minnesota Overhauls Rate Limits for Mortgage Lending and Modifies Mortgage Disclosures
Connecticut Requires Creditor and Insurer Flood Insurance Disclosure
Texas Prohibits Collection of Certain Consumer Debt Resulting From Identity Theft
Texas Authorizes Convenience Fees for Processing of Electronic Payments Under Vehicle Retail Installment Contract
Hudson Cook Insights
Today's Trends in Credit Regulation
Not All Third Parties Are Created Equal
By Eric D. Mulligan
Motor vehicle purchase and finance transactions are rarely simple, even if they're routine from the perspective of the businesses involved. The typical motor vehicle retail installment transaction features the buyer, the seller, and, in most cases, the assignee of the retail installment sale contract. If the buyer trades in a vehicle and there's a lien on the trade-in, then add that lienholder. That's just the sale and financing. article continued
CFPB's Consumer Response Annual Report for 2024 Analyzes Increased Consumer Complaints
By Taylor A. Krowitz
The Consumer Financial Protection Bureau recently delivered its Consumer Response Annual Report for 2024, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The report includes analyses of complaints across multiple consumer financial products and services. article continued
Consumer Financial Services Bites of the Month - June 18, 2025 - "Evening in June With the CFPB"
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 June 2025 webinar. article continued
Texas Governor Signs H.B. 700; New York Legislature Passes FAIR Business Practices Act
By Eric D. Mulligan
On June 20, 2025, Texas Governor Greg Abbott signed House Bill 700, which regulates sales-based financing transactions and requires providers and brokers of sales-based financing transactions to register with the Texas Office of Consumer Credit Commissioner. The law also bans sales-based financing providers from automatically debiting customer bank accounts in most circumstances. The law will go into effect on September 1, 2025. article continued