The CFPB has taken action against Global Tel Link Corporation (GTL) over allegations that the company took millions of dollars from a half-million accounts and blocked money transfers to consumers who are incarcerated. Those prisoners relied on those funds for
CFPB issues final rule to give bureau supervisory power over digital consumer payment applications
The CFPB has issued a final rule to supervise large nonbank financial services providers that offer general-use digital consumer payment applications such as digital wallets and peer-to-peer payment apps.
Many of those apps are owned by large technology companies. While
What Are Payday Loans?
There are more types of loans available than ever before. You might be familiar with traditional personal loans from a bank or credit union, which can cover anything from home repairs to medical expenses. These loans generally require credit checks,
This week’s podcast episode: A Look at the FTC’s Click-to-Cancel Rule, with James Kohm, Associate Director of Enforcement Division of the FTC’s Bureau of Consumer Protection
Today’s podcast features James Kohm, the Associate Director for the Enforcement Division of the Federal Trade Commission’s Bureau of Consumer Protection. We discuss the FTC’s “Click-to-Cancel” Rule (consisting of significant amendments to the longstanding “Negative Option Rule”) which was promulgated
Representative Fee Cap is now $9,200
The new fee cap, announced back in March, is now in effect. The relevant date for the fee cap is the date of the approval fee agreement. So if the fee agreement was approved prior to November 30, 2024 but
Dimension Data Facilities & Others vs. Identity Property Co & Others: A Cautionary Tale of Corporate Malfeasance
In a judgment delivered on 25 November 2024, the High Court of South Africa, Gauteng Local Division, Johannesburg declared a series of transactions involving Dimension Data Facilities (Pty) Ltd (Dimension Data Facilities) and Identity Property Co (Pty) Ltd (Identity PropCo)
Commencement of the Employment Equity Amendment Act on 1 January 2025
This blog was co-authored by Raees Halim, Candidate Attorney.
On 12 November 2024, the Minister of Employment and Labour (the Minister) signed the long-awaited Employment Equity Amendment Act, 2022 into force with effect from 1 January 2025. The Amendment Act
CFPB to hold two virtual sessions to answer questions about Nonbank Registry Rule
The CFPB will hold two virtual sessions later this month to answer questions about its Nonbank Enforcement Action Registry rule. The rule, issued in June 2024, will require certain nonbank entities to register certain covered administrative or court orders,
Guest Post: “Mission Critical”: Director Liability Ticking Time Bomb
Tim J. Leech
Recent case law developments in Delaware’s courts underscore the importance for corporate boards to monitor “mission critical” operations at their companies. These developments have important corporate governance implications, as I detailed in a September blog post (
DC Attorney General files suit against app-based lender EarnIn
The Attorney General for the District of Columbia has filed suit against ActiveHours Inc., doing business as EarnIn, alleging that the app-based lender deceptively marketed and provided illegal high-interest loans to more than 20,000 consumers in DC.
In the suit,