In a prior post, we reported that the language used in orders recently issued by the CFPB to leading Buy Now, Pay Later (“BNPL”) providers suggested that the CFPB intends to use the information it collects to build enforcement cases rather than … [Continue reading] about Update Regarding the CFPB’s Buy Now, Pay Later Orders
As we previously noted, on October 21, the CFPB issued orders to six large technology firms seeking information about their payment product business plans (the “October 21 Orders”). According to the Bureau, the purpose of orders was to “shed light on … [Continue reading] about Is the CFPB using its market monitoring orders to build enforcement cases?
Last year, California passed the California Consumer Financial Protection Law (“CCFPL”), which renamed the Department of Business Oversight as the Department of Financial Protection and Innovation (“DFPI”) and expanded the authority of the … [Continue reading] about New Proposed Registration Requirements for Covered Financial Products and Services Under the California Consumer Financial Protection Law
On September 25, 2020, California Governor Gavin Newsom approved Senate Bill 908 – enacting the Debt Collection Licensing Act (DCLA). The DCLA, which takes effect January 1, 2022, requires a person or entity engaging in the business of debt … [Continue reading] about Application Deadline Looms Under California Debt Collection Licensing Act
On October 21, the CFPB issued a series of orders to “collect information on the business practices of large technology companies operating payments systems in the United States.” The CFPB sent the orders to six companies: Amazon, Apple, Facebook, … [Continue reading] about Did the CFPB follow PRA requirements in issuing its Big Tech orders?