The CFPB has approved Bank of America’s no action letter application for its new short-term, payday loan program. Bank of America is the first major bank to receive such a letter. The application was based on the No-Action Letter Template issued by the CFPB on May 22, 2020…Read More
Month: November 2020
CALIFORNIANS PASS NEW PRIVACY INITIATIVE
On Election Day, Californians voted in favor of Proposition 24, the California Privacy Rights and Enforcement Act of 2020 (“CPRA”,a/k/a “CCPA 2.0”). See our prior ALERTS of July 7, 2020, May 6,
2020 and September 26, 2019…Read More
THE CFPB RELEASES PART ONE OF THE FINAL DEBT COLLECTION RULE
On October 30th, the Consumer Financial Protection Bureau (“CFPB”) released part one of its final debt collection rule (known as Regulation F, to be codified at 12 C.F.R. Part 1006) under the federal
Fair Debt Collection Practices Act (“FDCPA”)…Read More