On March 27, 2024, the CFPB issued a circular warning remittance transfer providers that false advertising about the cost or speed of sending remittance transfers may violate federal law, including
Continue Reading CFPB Warns Remittance Transfer Providers About Deceptive Advertising and Marketing PracticesCalifornia Regulator Finalizes Rule Expanding UDAAP Authority to Commercial Financing
By Patrick Shannon on
On Aug. 2, 2023, California’s Department of Financial Protection and Innovation (DFPI) released a new rule expanding its authority to regulate unfair, deceptive, and abusive acts and practices (UDAAP). The…
Continue Reading California Regulator Finalizes Rule Expanding UDAAP Authority to Commercial FinancingCFPB Expands Anti-Discrimination by Applying UDAAP to Credit and Non-credit Products
The Consumer Financial Protection Bureau has expanded its anti-discrimination oversight and enforcement of covered persons to all consumer finance products and services, regardless of whether they involve an extension of…
Continue Reading CFPB Expands Anti-Discrimination by Applying UDAAP to Credit and Non-credit Products