How Surveys Provide Insight For Consumer Finance Litigation
Law360 (March 10, 2021, 4:24 PM EST) -- Various indicators suggest a substantial increase in litigation and regulatory enforcement regarding consumer financial products in 2021 and the years ahead.
The new Biden administration has signaled a shift to increased regulatory enforcement of consumer protection rules with the choice of Rohit Chopra to head the Consumer Financial Protection Bureau. News outlets have reported that there may be stronger enforcement of fair lending guidelines.
New debt collection rules created under the Trump administration will soon come into force; these rules will require collection agencies to make additional disclosures and will limit their ability to threaten consumers with lawsuits.
In addition, while...
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