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2 months ago | 
mondaq.com | Timothy Butler |Matthew White |Tessa Cierny
On Feb. 11, 2025, President Trump nominated Jonathan McKernan tobe the next director of the Consumer Financial Protection Bureau(CFPB). If confirmed by the Senate, McKernan would replace RussellVought, who President Trump designated as acting director of theCFPB on Feb. 7, 2025, a day after Vought was confirmed as thedirector of the White House Office of Management and Budget. In his most recent role, McKernan was a member of the Board ofDirectors of the Federal Deposit Insurance Corporation (FDIC).
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Nov 28, 2024 | 
mondaq.com | Timothy Butler |Matthew White |Tessa Cierny
On Nov. 6, 2024, the Federal Trade Commission (FTC) released an
administrative complaint and
accepted a proposed consent order
resolving claims against GGL Projects, Inc., an AI-enabled customer
review platform that does business as Sitejabber.
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Nov 20, 2024 | 
mondaq.com | Timothy Butler |Matthew White |Tessa Cierny
On Nov. 12, 2024, the Consumer Financial Protection Bureau
(CFPB) released a report examining
federal and state privacy protections for consumers' financial
data.
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Nov 19, 2024 | 
mondaq.com | Timothy A. Butler |Matthew White |Tessa Cierny
GT
Greenberg Traurig, LLP
More
Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2024 BTI “Leading Edge Law Firm” for delivering on client expectations for the future and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule Certified Plus by The Diversity Lab.
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Nov 10, 2024 | 
mondaq.com | Timothy Butler |Matthew White |Tessa Cierny
GT
Greenberg Traurig, LLP
More
Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule Certified Plus by The Diversity Lab.
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Nov 5, 2024 | 
mondaq.com | Timothy Butler |Matthew White |Tessa Cierny
On Oct. 18, 2024, fintech trade group Financial Technology
Association (FTA) filed a lawsuit challenging the Consumer
Financial Protection Bureau's (CFPB) final interpretative rule
on "Buy Now, Pay Later" (BNPL) products. Released in May
2024, the CFPB's interpretative rule classifies BNPL products as "credit
cards" and their providers as "card issuers" and
"creditors" for purposes of the Truth in Lending Act
(TILA) and Regulation Z.
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Oct 30, 2024 | 
mondaq.com | Timothy A. Butler |Matthew White |Tessa Cierny
GT
Greenberg Traurig, LLP
More
Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule Certified Plus by The Diversity Lab.
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Oct 10, 2024 | 
lexology.com | Timothy A. Butler |Shane Foster |Marina Olman-Pal |Matthew White |Tessa Cierny
Go-To Guide:The FDIC issued a notice of proposed rulemaking (Proposed Rule) that would impose new recordkeeping requirements for certain custodial deposit accounts, like those often used in bank-fintech partnerships. The Proposed Rule is intended to ensure the FDIC’s ability to promptly make deposit insurance determinations; however, costs to comply with the new requirements could be significant.
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Jul 10, 2024 | 
mondaq.com | CFPB Issues Advisory |Timothy Butler |Matthew White |Tessa Cierny
GT
Greenberg Traurig, LLP
More
Greenberg Traurig, LLP has more than 2750 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab.
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Jul 5, 2024 | 
mondaq.com | Timothy Butler |Matthew White |Tessa Cierny |Zeba Pirani
The Federal Trade Commission (FTC)'s 2023 annual report
highlights significant enforcement actions and educational efforts,
focusing on consumer protection under the Truth in Lending Act
(TILA), Consumer Leasing Act (CLA), and Electronic Fund Transfer
Act (EFTA).
The agency targeted deceptive practices in auto financing,
taking enforcement actions against companies allegedly using
misleading tactics and junk fees, resulting in substantial consumer
restitution.
