A&B Abstract: North Carolina is the latest state to extend the protections of the federal Servicemembers Civil Relief Act (“SCRA”), 50 U.S.C. §§ 3901 et seq., to active duty members of its National Guard. What does the new law require? North Carolina Servicemembers Civil Relief Act On July 25, North Carolina Governor Roy Cooper signed […]
Unfair, Deceptive and Abusive Acts or Practices (UDAAP)
A Closer Look at the CFPB’s Proposed Debt Collection Rules – Part One
A&B Abstract: On May 7, 2019, the Consumer Financial Protection Bureau (the “CFPB” or “Bureau”) issued a proposed rule that would significantly amend Regulation F (the “Proposed Rule”), which implements the Fair Debt Collection Practices Act (“FDCPA”), to prescribe rules governing the activities of debt collectors that are subject to the FDCPA. The Bureau recently […]
Will the CFPB find its Voice on “Abusiveness”?
On June 25, the Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) kicked off its symposia series with a panel discussion of whether the Bureau should use its rulemaking authority to further define “abusive acts or practices.” The Dodd-Frank Act added a prohibition on abusive acts and practices to the established prohibition on unfair acts and […]