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Jan 9, 2025 | 
mondaq.com | Alejandro Moreno |Skylar Stoudt
The topic of "junk fees" has been in the headlines,spurred by legislative action across various sectors. Fromregulations on credit card late fees to the Federal TICKET Act targeting concert eventfees, lawmakers are actively implementing measures that impact howbusinesses can structure their fees. As part of this nationwidetrend, California is taking a significant step with a new law aimedat curbing alleged junk fees associated with ATM transactions.
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Jan 6, 2025 | 
jdsupra.com | Alejandro Moreno |Skylar Stoudt
The topic of “junk fees” has been in the headlines, spurred by legislative action across various sectors. From regulations on credit card late fees to the Federal TICKET Act targeting concert event fees, lawmakers are actively implementing measures that impact how businesses can structure their fees. As part of this nationwide trend, California is taking a significant step with a new law aimed at curbing alleged junk fees associated with ATM transactions.
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Nov 12, 2024 | 
mondaq.com | A.J. Dhaliwal |Mehul Madia |Skylar Stoudt
On November 7, 2024, the CFPB ordered one of the largest credit unions in
the nation to pay over $95 million for its practices related to the
imposition of overdraft fees. The enforcement action addresses
practices from 2017 to 2022 where the credit union charged
overdraft fees on transactions that appeared to have sufficient
funds, affecting consumers including those in the military
community, in violation of the CFPA's prohibition on unfair,
deceptive, and abusive acts or practices.
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Nov 11, 2024 | 
jdsupra.com | A.J.S. Dhaliwal |Mehul Madia |Skylar Stoudt
On November 7, 2024, the CFPB ordered one of the largest credit unions in the nation to pay over $95 million for its practices related to the imposition of overdraft fees. The enforcement action addresses practices from 2017 to 2022 where the credit union charged overdraft fees on transactions that appeared to have sufficient funds, affecting consumers including those in the military community, in violation of the CFPA’s prohibition on unfair, deceptive, and abusive acts or practices.
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Oct 22, 2024 | 
mondaq.com | A.J. Dhaliwal |Mehul Madia |Skylar Stoudt
Listen to this post
In a September 26 settlement, the Massachusetts Attorney
General's office reached an agreement with a mortgage loan
servicer to resolve allegations of violations of Massachusetts
consumer protection laws and the Truth in Lending Act.
The loan servicer primarily engaged in the servicing of
nonperforming residential mortgage loans.
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Oct 21, 2024 | 
jdsupra.com | A.J.S. Dhaliwal |Mehul Madia |Skylar Stoudt
In a September 26 settlement, the Massachusetts Attorney General’s office reached an agreement with a mortgage loan servicer to resolve allegations of violations of Massachusetts consumer protection laws and the Truth in Lending Act. The loan servicer primarily engaged in the servicing of nonperforming residential mortgage loans.
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Sep 19, 2024 | 
mondaq.com | James G. Gatto |A.J. Dhaliwal |Skylar Stoudt
On August 28, the CFPB issued a Consumer Advisory
warning that it believes video game companies are targeting
children for monetary gain. With 45.7 million U.S. children engaged
in video gameplay, the agency is concerned about the financial
risks that games and virtual worlds pose, especially to young
consumers. This Advisory highlights a growing focus on the game
industry's practices, which allegedly mimic traditional banking
systems but lack corresponding consumer protections.
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Sep 18, 2024 | 
jdsupra.com | A.J.S. Dhaliwal |James G. Gatto |Skylar Stoudt
On August 28, the CFPB issued a Consumer Advisory warning that it believes video game companies are targeting children for monetary gain. With 45.7 million U.S. children engaged in video gameplay, the agency is concerned about the financial risks that games and virtual worlds pose, especially to young consumers. This Advisory highlights a growing focus on the game industry’s practices, which allegedly mimic traditional banking systems but lack corresponding consumer protections.
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Sep 17, 2024 | 
mondaq.com | James G. Gatto |A.J. Dhaliwal |Skylar Stoudt
On August 28, the CFPB issued a Consumer Advisory warning that it believes
video game companies are targeting children for monetary gain. With
45.7 million U.S. children engaged in video gameplay, the agency is
concerned about the financial risks that games and virtual worlds
pose, especially to young consumers. This Advisory highlights a
growing focus on the game industry's practices, which allegedly
mimic traditional banking systems but lack corresponding consumer
protections.
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Sep 16, 2024 | 
jdsupra.com | A.J.S. Dhaliwal |James G. Gatto |Skylar Stoudt
On August 28, the CFPB issued a Consumer Advisory warning that it believes video game companies are targeting children for monetary gain. With 45.7 million U.S. children engaged in video gameplay, the agency is concerned about the financial risks that games and virtual worlds pose, especially to young consumers. This Advisory highlights a growing focus on the game industry’s practices, which allegedly mimic traditional banking systems but lack corresponding consumer protections.
