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CFPB Fines Online Lead Aggregator for Facilitating Illegal Loans

10/20/17 - Last month, the Consumer Financial Protection Bureau (CFPB) took action against an online lead aggregator for allegedly steering consumers toward lenders who offered illegal or unlicensed loans that were void in the consumer’s state.

CFPB Sues Debt-Relief Companies Posing as Federal Government

10/18/17 - The Consumer Financial Protection Bureau (CFPB) sued two affiliated companies and a service provider providing debt relief services for falsely presenting the companies as being affiliated with the federal government.

CFPB Sued Credit Repair Company for Illegal Advance Fees

10/12/17 - In August, the Consumer Financial Protection Bureau (CFPB) proposed a final judgment in court that would resolve a lawsuit against a credit repair company for illegal credit repair practices.

NY Seeks to Extend Cybersecurity Rules to Credit Reporting Agencies

10/12/17 - New York Department of Financial Services (DFS) issued new proposed regulations which would require credit reporting agencies to register with DFS and comply with New York's cybersecurity standard.

CPSC Votes to Look at Banning Organohalogen Flame Retardants

10/12/17 - Last month, the Consumer Product Safety Commission (CPSC or Commission) voted to approve a petition seeking to ban products in four categories that contain non-polymeric, additive organohalogen flame retardants (OFRs).

Bilateral Insurance Agreement between US & EU Signed

10/10/17 - The European Union and the United States have signed a Covered Agreement to open up access for insurance firms to each other’s markets and decrease collateral requirements for transatlantic reinsurers.

CFPB Finalizes Rule Restricting Payday Lending

10/05/17 - The Consumer Financial Protection Bureau (CFPB) finalized a rule aimed at limiting recurring debt from payday lending by requiring lenders to determine upfront whether consumers can afford to repay their loans.

CFPB Cites Real Estate Settlement Agent for Unlawful Referrals

10/06/17 - The Consumer Financial Protection Bureau (CFPB) took action against a real estate settlement services provider for referrals to an affiliated title insurer without making disclosures about the businesses’ affiliation.

Connecticut Insurance Department Publishes Bulletin on Cybersecurity

09/28/17 - The Connecticut Insurance Department published a bulletin that addresses a Connecticut law requiring health insurers, third party administrators (TPAs), and other entities to adopt a cybersecurity program.

CFPB Sues Loan Co. for Lying to 9/11 First Responders, Others

09/26/17 - The Consumer Financial Protection Bureau (CFPB) took action against a loan company for lying in loan offerings to consumers who were awaiting payment from settlements in legal cases or from victim-compensation funds.

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