Insights

Today's Trends in Credit Regulation

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.

October 2021

The FCC's Reassigned Number Database Nears Its Debut

By Michael A. Goodman

The Telephone Consumer Protection Act creates a seemingly endless list of compliance challenges and other headaches for companies determined to mitigate the financial cost and resource burden of TCPA litigation. This year brought welcome good news from the U.S. Supreme Court, with its unanimous decision in Facebook, Inc. v. Duguid establishing a narrow "autodialer" standard, applicable nationwide. article continued

CFPB Bites of the Month - October Top 10

By Justin Hosie and Eric Johnson

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 October 20 webinar. article continued

CFPB Sues Software Company for Providing Substantial Assistance to Unlawful Credit Repair Businesses

By Eric L. Johnson

The Consumer Financial Protection Bureau recently filed a lawsuit in federal district court accusing a California-based software company and its founder, owner, and CEO of providing substantial assistance to illegal credit repair businesses, in violation of the Telemarketing Sales Rule and the Consumer Financial Protection Act of 2010. article continued

Recent Settlement with Massachusetts AG Addresses Compliance Emphasis on Collection Calls, Repossession Notices, and Service Contract Sales

By Frank H. Bishop, Jr.

On September 1, 2021, the Commonwealth of Massachusetts, through the Massachusetts attorney general, entered into a settlement agreement and related Assurance of Discontinuance with a sales finance company. article continued

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