Insights
Staying on top of the latest regulatory landscape is critical to your success.
We make staying informed easy through our online news and information platforms.
Minnesota’s AG Raids Student-Loan Debt-Relief Industry Operating Within the State
On September 6, 2023, the Minnesota Attorney General’s Office (“Minnesota”) announced that it has begun investigating the operations of more than 50 student-loan debt-relief companies
CFPB Exposes Illegal Practices in Consumer Financial Services: What to Know
On July 26, 2023, the Consumer Financial Protection Bureau (“CFPB”) published its periodic Supervisory Highlights, summer edition. These most recent Supervisory Highlights shed light on
CFPB Exposes Illegal Practices in Consumer Financial Services: What to Know
On July 26, 2023, the Consumer Financial Protection Bureau (“CFPB”) published its periodic Supervisory Highlights, summer edition. These most recent Supervisory Highlights shed light on
FTC Launches Massive “Operation Stop Scam Calls” Initiative: Focusing on “Consent Farm” Lead Generators and Robocallers
On July 18, 2023, the Federal Trade Commission (FTC) announced that the FTC, along with over 100 federal and state law enforcement partners, have launched
Reminder: TCPA Regulations Impacting Autodialers Come into Effect July 20, 2023
As a reminder, on July 20, 2023, the following revisions, among others, will come into effect regarding the TCPA. One of the essential changes to
Reminder: TCPA Regulations Impacting Autodialers Come into Effect July 20, 2023
As a reminder, on July 20, 2023, the following revisions, among others, will come into effect regarding the TCPA. One of the essential changes to
Junk Fee Déjà Vu: CFPB Hits Bank of America with Huge $30 Million Penalty for Allegedly Engaging in Deceptive Acts and Practices
On July 11, 2023, the Consumer Financial Protection Bureau (CFPB) issued a consent order against Bank of America (BoA) based on the CFPB’s findings that
CFPB Slaps Mortgage Payments Processor with $25 Million Penalty for Unauthorized Mortgage Payments
On June 27, 2023, the CFPB reached a consent order with the companies regarding the more than 1.4 million erroneous electronic fund transfer payment instructions
FTC Goes After Fake Reviews to Protect Consumers: But What About Protecting the Merchants?
On June 30, 2023, the Federal Trade Commission (FTC) introduced a groundbreaking proposal to combat deceptive marketing practices involving fake reviews and endorsements. This proposed
FTC Takes Aggressive Approach Toward Amazon, Alleging Consumer Protection-Type Violations: Are the Lines Between FTC and CFPB Beginning to Blur?
On June 21, 2023, the Federal Trade Commission (FTC) filed a civil lawsuit against Amazon, alleging the use of “dark patterns” to deceive consumers into
FTC Awards $3.3 Million to Victims of Deceptive Student Loan Debt Relief Scheme
On June 14, 2023, the Federal Trade Commission (FTC) announced that it will be providing over $3.3 million in payments to consumers who fell victim
Shipkevich PLLC Launches Compliance Journal: A Cutting-Edge Legal Database for Regulated Financial Industries
Shipkevich PLLC, an institutional business and finance law firm, is thrilled to announce the launch of its innovative legal database, Compliance Journal. This state-of-the-art digital
Money Transmission Legislative & Regulatory Update: Minnesota, Nevada, Georgia, and Texas
Minnesota On May 24, 2023, the governor of Minnesota signed SF 2744, bringing amendments to various state statutes related to financial institutions. The amendments address
CFPB Warns Consumers to Be Cautious of High-Yield Savings Accounts with FinTech Savings Accounts: Perhaps a New Focus for the CFPB
The CFPB is shifting its focus to FinTech and nonbank payment systems, circling back to past frontiers. This recent warning echoes the sentiment of former
CFPB Warns Consumers to Be Cautious of High-Yield Savings Accounts with FinTech Savings Accounts: Perhaps a New Focus for the CFPB
The CFPB is shifting its focus to FinTech and nonbank payment systems, circling back to past frontiers. This recent warning echoes the sentiment of former
CFPB Continues to Target Consumer Lending Activity, Imposes $20 Million Penalty
On May 31, 2023, the Consumer Financial Protection Bureau (CFPB) took decisive action against installment lender OneMainFinancial, demanding the payment of $20 million in penalties and redress. In the
FTC Sues VoIP Service Provider for Allegedly Aiding and Abetting Illegal Telemarketing Robocalls
Just last week, Federal Trade Commission (FTC) sued XCast Labs, Inc., a Voice over Internet Protocol (VoIP) provider, for its alleged involvement in facilitating illegal
New York AG Proposes Landmark Legislation to Regulate Crypto: Making a Bold Statement
On May 5, 2023, the New York Attorney General, Letitia James, proposed a “landmark” bill to increase regulations (again) on the cryptocurrency industry, thereby supposedly