A group of 7 Republican AGs filed an amicus brief with the U.S. District Court for the Northern District of Texas in a litigation between the SEC and a company in the cryptocurrency space, arguing that the SEC does not have enforcement authority over cryptocurrencies. In the amicus brief, the AGs state that, while they…

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The CFPB found alleged violations of the Fair Debt Collection Practices Act (FDCPA) and other consumer protection laws in its examination of debt collectors, loan servicers, and financial institutions managing deposit, prepaid, and medical credit card accounts, as published in its Supervisory Highlights. The CFPB’s report, based on examinations conducted between April 1, 2023, and December…

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In Law360 Ketan Bhirud and Emily Yu examine the new CFPB rule that could reshape the landscape of nonbank financial regulation.

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In this Law360 article Chris Allen, Siran Faulders and Hannah Land discuss multistate efforts and what businesses should understand about these collective actions.

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The CFPB issued a request for comment on its proposed Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V), which would amend regulations implementing the Fair Credit Reporting Act (FCRA) as applied to medical information. The proposed rule would eliminate an exception that permits lenders to obtain and use information about medical debt…

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