A group of 21 Democratic AGs submitted a comment letter to the CFPB opposing a proposed rule that would rescind or revise key provisions of Regulation B implementing the Equal Credit Opportunity Act (ECOA). In the letter, the AGs argue that the proposed rescission of regulations authorizing a disparate impact theory of discrimination and the…

Read More

Seven Democratic AGs, co-led by North Carolina AG Jeff Jackson, sent letters to the six largest Buy-Now-Pay-Later (BNPL) providers seeking information about their lending practices and whether they are complying with state consumer protection laws. In their letters, the AGs note that point-of-sale financing has become increasingly common in online shopping. They raise concerns that…

Read More

New Jersey AG Matthew J. Platkin and the Division of Consumer Affairs announced a $2.8 million settlement with MV Realty PBC, LLC and affiliates (collectively, “MV Realty”), resolving a 2023 lawsuit alleging that the company violated New Jersey’s consumer protection laws through its “Homeowner Benefit Agreements” (HBAs). The AG’s office described the HBAs as unconscionable…

Read More

The U.S. District Court of the Central District of California has entered a final judgment in a case brought by a bipartisan coalition of state AGs and the U.S. Commodity Futures Trading Commission (CFTC) against Safeguard Metals LLC and its owner (collectively, “Safeguard Metals”) for allegedly operating a fraudulent precious metals investment scheme that targeted elderly and retirement-aged investors.

Read More

Twenty Republican AGs, led by Iowa AG Brenna Bird, sent a letter to the SEC in response to the Commission’s request for information as it considers how to regulate cryptocurrencies and other digital assets. In their letter, the AGs ask the SEC to carefully consider how any regulatory framework will interact with state laws and…

Read More