Consumer Protection Law360 provides breaking news and analysis on consumer rights law. Coverage includes litigation and enforcement actions over false advertising, deceptive trade practices, predatory lending, and debt collection, as well as related policy developments.
Cyberattacks and anti-money laundering compliance remain among the biggest threats that the U.S. banking sector faces in a relatively strong economy and rising interest rate environment, the Office of the Comptroller of the Currency said on Thursday.
The Consumer Financial Protection Bureau told a Kansas federal judge on Thursday that it wanted to ax its own suit against lenders owned by a California tribe over allegedly abusive loans.
A purchaser of an allegedly misbranded treatment for a prostate disease has urged the Ninth Circuit to revive his proposed class action against the supplement maker, saying the allegations do not need to be resolved by the U.S. Food and Drug Administration.
Up close, the Federal Trade Commission's recent settlement with VTech is significant because it is the first children’s privacy case that involves internet-connected toys. But taking a step back, this action is just the latest in a string of recent regulatory pronouncements related to the internet of things and related corporate cybersecurity practices, say attorneys with Paul Hastings LLP.
The Consumer Financial Protection Bureau’s disputed acting director on Wednesday told the Federal Reserve that the bureau needs no additional funding to continue its operations for the second quarter of fiscal year 2018, saying that he intends to spend down the bureau’s existing reserves.