The pace of legislative activity from this year’s current session can make it hard to stay abreast of new laws. The Consumer Finance ABstract’s “Consumer Finance State Roundup” is intended to provide a brief overview of recently enacted measures of … [Continue reading] about Consumer Finance State Roundup
FSOC Issues Proposed Update to Interpretative Guidance on Nonbank Financial Company Designations
A&B Abstract: On April 21, 2023 the Financial Stability Oversight Council (hereinafter “FSOC” or “Council”) issued for public comment (1) a proposed analytic framework setting forth FSOC’s approach to identifying, evaluating, and addressing … [Continue reading] about FSOC Issues Proposed Update to Interpretative Guidance on Nonbank Financial Company Designations
Being a Government Agency is not an Exception to the Federal Discovery Rules
A&B Abstract: When litigating in federal court, government agencies are not exempt from the rules of discovery. The Eleventh Circuit reminded the Consumer Financial Protection Bureau (“CFPB”) of this in its recent decision CFPB v. Brown, et … [Continue reading] about Being a Government Agency is not an Exception to the Federal Discovery Rules
Consumer Finance State Roundup
The pace of legislative activity from this year’s current session can make it hard to stay abreast of new laws. The Consumer Finance ABStract’s “Consumer Finance State Roundup” is intended to provide a brief overview of recently enacted measures of … [Continue reading] about Consumer Finance State Roundup
CFPB Issues Preemption Determination that State Commercial Financing Disclosure Laws Are Not Preempted By TILA
A&B Abstract: The Consumer Financial Protection Bureau (CFPB) recently announced that it issued a final preemption determination concluding that certain state disclosure laws applicable to commercial financing transactions in California, New … [Continue reading] about CFPB Issues Preemption Determination that State Commercial Financing Disclosure Laws Are Not Preempted By TILA