On October 26, the Federal Communications Commission (FCC) published its revised Telephone Consumer Protection Act (TCPA) consent-revocation rules in the Federal Register. As we previously discussed here, the FCC’s order significantly revises the consent-revocation framework, including by allowing category-specific revocation ...

Debt collection and credit reporting remain priorities as the bureau cuts scheduled examinations and emphasizes measurable consumer harm and voluntary remediation. The Consumer Financial Protection Bureau is substantially narrowing its supervisory and enforcement activity, closing most of its outstanding supervisory ...

The largest single-family rental property manager in the United States has agreed to pay $49.75 million to settle alleged charges that it deceived customers about rental prices. Headquartered in Scottsdale, Arizona, Progress Residential has “routinely charged consumers hidden monthly fees ...

A Brooklyn priest is suing an Orange County collection agency over a $370.09 hospital bill. Sookram Barran accused the Collection Bureau of the Hudson Valley Inc. of violating the federal Fair Debt Collection Practices Act, in a lawsuit filed on ...

The Consumer Financial Protection Bureau’s latest semiannual report to Congress outlines a sweeping change in how the agency regulates consumer finance, emphasizing voluntary remediation, narrower examinations and demonstrable consumer harm while retreating from many enforcement initiatives pursued under former Director ...

Vancouver, Washington-based Riverside Payments has agreed to a proposed $600,000 settlement with the Federal Trade Commission and Washington state to resolve allegations that it misled small businesses about processing costs, concealed fees and made contracts difficult to cancel despite promises ...

Community Memorial Hospital Inc. has sued the Federal Deposit Insurance Corporation, alleging that the agency improperly refused to insure or offset approximately $1.9 million in loan funds held at a failed Georgia bank. The New York hospital says the dispute ...

The U.K.’s Financial Conduct Authority has secured restrictions on Ethica Resolve Limited’s efforts to collect purported debts arising from disguised remuneration schemes, requiring the firm to tell affected consumers they do not currently have an enforceable obligation to pay while ...

Wells Fargo’s expanding loan book, improving profitability and tighter expense controls are strengthening the investment case for the banking giant, with a recent Seeking Alpha analysis outlining a scenario for roughly 25% upside through the end of 2027. For the ...