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1 week ago | 
insidearm.com | Eric Rosenkoetter |Stefanie Jackman
CORAL SPRINGS, Fla. — Nordis Technologies, a fast-growing leader in omnichannel customer communications management and payments technology solutions, has appointed Christiane Freese-Jones as Vice President of Strategic Product Management. Nordis Technologies recruited this proven leader to oversee key operations that are critical to meeting increasing demand for its solutions and pursuing market expansion. Freese-Jones reports to Chief Operating Officer Nicole Miller.
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1 week ago | 
jdsupra.com | Stefanie Jackman |Jesse Silverman |Lori J. Sommerfield
On April 11, the U.S. Court of Appeals for the District of Columbia Circuit issued an order partially staying the district court’s preliminary injunction in the ongoing legal dispute between the National Treasury Employees Union (NTEU) and the Consumer Financial Protection Bureau (CFPB). This decision marks a significant development in the NTEU’s challenge against Acting Director Russell Vought’s actions, which the union claims are unconstitutional and violate the Dodd-Frank Act.
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1 week ago | 
jdsupra.com | Stefanie Jackman |Jesse Silverman |Lori J. Sommerfield
The Consumer Financial Protection Bureau (CFPB or Bureau) agreed to vacate its controversial credit card late fee rule in a joint motion for entry of consent judgment filed in Chamber of Commerce of the United States of America v. CFPB this week. This significant move comes after the U.S. District Court for the Northern District of Texas found that the rule likely violated the Credit Card Accountability and Disclosure Act (CARD Act).
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1 week ago | 
insidearm.com | Eric Rosenkoetter |Stefanie Jackman |Missy Meggison
Virginia Gov. Glenn Youngkin on March 24 vetoed House Bill 2094, the “High-Risk Artificial Intelligence Developer and Deployer Act.” The veto can only be overridden by a two-thirds vote of the House, which seems unlikely given the close vote in the House on the Senate substitute (52-Y; 46-N). In his Veto Explanation, Gov.
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1 week ago | 
insidearm.com | Stefanie Jackman |James Kim |Jesse Silverman
As federal agencies pull back on consumer protection regulations under the Trump administration, California is stepping up to fill the void. This shift was forecasted in January, when the Consumer Financial Protection Bureau (CFPB) released a report titled “Strengthening State-Level Consumer Protections” (discussed here), which provided a roadmap for states looking to bolster their consumer protection laws after the anticipated rollback with the new administration.
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1 week ago | 
creditandcollectionnews.com | Stefanie Jackman |James Kim |Jesse Silverman |Chris Willis
As federal agencies pull back on consumer protection regulations under the Trump administration, California is stepping up to fill the void. This shift was forecasted in January, when the Consumer Financial Protection Bureau (CFPB) released a report titled “Strengthening State-Level Consumer Protections” (discussed here), which provided a roadmap for states looking to bolster their consumer protection laws after the anticipated rollback with the new administration.
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1 week ago | 
jdsupra.com | Stefanie Jackman |Ethan G. Ostroff |Lori J. Sommerfield
On April 9, the House of Representatives passed two Congressional Review Act (CRA) joint resolutions aimed at nullifying certain Consumer Financial Protection Bureau (CFPB) rules finalized in the final days of the Biden-Harris Administration. These resolutions, S.J. Res. 18 and S.J. Res. 28, target rules related to limiting the overdraft fees that may be charged by large financial institutions, and extending supervisory authority over certain providers of digital payments services, respectively.
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1 week ago | 
jdsupra.com | Stefanie Jackman |James Kim |Jesse Silverman
As federal agencies pull back on consumer protection regulations under the Trump administration, California is stepping up to fill the void. This shift was forecasted in January, when the Consumer Financial Protection Bureau (CFPB) released a report titled “Strengthening State-Level Consumer Protections” (discussed here), which provided a roadmap for states looking to bolster their consumer protection laws after the anticipated rollback with the new administration.
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3 weeks ago | 
insidearm.com | David Anthony |Brooke Conkle |Stefanie Jackman |Jon Hubbard
On March 14, the U.S. Court of Appeals for the Fourth Circuit issued a ruling addressing the obligations of furnishers under the Fair Credit Reporting Act (FCRA) to conduct reasonable investigations of disputed information, whether the disputed information be legal or factual in nature. The issue of whether the distinction between “legal” and “factual” disputes is relevant under the FCRA has been hotly contested in recent years.
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3 weeks ago | 
jdsupra.com | Stefanie Jackman |James Kim |Jesse Silverman
On March 28, the Consumer Financial Protection Bureau (CFPB or Bureau) was ordered by the U.S. District Court for the District of Columbia to reinstate its employees and resume its operations. This decision comes after the CFPB allegedly attempted to shut down its activities, leading to the National Treasury Employees Union (NTEU) filing a lawsuit questioning the legality of the shutdown.
