Welcome to Hudson Cook Insights - a collection of articles written each month by the attorneys of Hudson Cook, LLP, in an effort to keep their clients and other compliance professionals informed about current trends and developments in consumer credit finance that will affect the way they do business.
Privacy and data security. If you don't have those issues on your radar, you should. Financing providers have always had data privacy and safeguarding responsibilities. Nothing new here. But a change is coming. The basic privacy and data security concepts and requirements we've grown accustomed to are expanding - actually, transforming - into fundamental and robust consumer privacy rights. article continued
The Equal Credit Opportunity Act and its implementing Regulation B (collectively, "ECOA") prohibit discrimination against protected classes (e.g., race, national origin, gender, age, etc.) in credit transactions. article continued
Each month, we host a 30-minute webinar outlining the month's key announcements and takeaways from the Consumer Financial Protection Bureau (CFPB) for financial services providers to consider. In this month's article, we share some of our top "bites" covered during the May 26 webinar. article continued
We've written about it before, but ostensibly it bears repeating. The Federal Trade Commission has no love lost for people who try to benefit from the COVID-19 pandemic or the related economic consequences. article continued
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