On Monday, the Consumer Financial Protection Bureau released its annual report to Congress on the work of the agency from October 1, 2014 – September 30, 2015. If you missed it then (as I did), the report is here.
Author Archives: Allison Zieve
The Federal Trade Commission had a busy yesterday, settling charges in three separate matters, as described in these FTC press releases: FTC Secures $4.4 Million From Online Payday Lenders to Settle Deception Charges Dental Practice Software Provider Settles FTC Charges It Misled Customers About Encryption of Patient Data Lumosity to Pay $2 Million to Settle […]
The Wall Street Journal reports today on the enforcement actions taken yesterday by the Consumer Financial Protection Bureau and puts them in context of CFPB's upcoming payday lending regulation. The article is here. (Subscription may be required.)
The Consumer Financial Protection Bureau today took separate actions against a company and an individual that resold sensitive personal data to lenders and debt collectors, allegedly exposing millions of consumers to harassment and deceit. In a complaint filed in federal court, the CFPB alleged that T3Leads bought and sold personal information from payday and installment […]
The Federal Trade Commission today announced a settlement providing for the largest monetary award ever obtained by the FTC in an order enforcement action: LifeLock will pay $100 million to settle contempt charges that it violated a 2010 federal court order that requires the company to secure consumers’ personal information and prohibits the company from […]
The Federal Trade Commission has announced that Wyndham Hotels and Resorts has agreed to settle FTC charges that the company’s security practices unfairly exposed the payment card information of hundreds of thousands of consumers to hackers in three separate data breaches. Under the terms of the settlement, the company will establish a comprehensive information security […]
NPR reports: The National Highway Traffic Safety Administration has imposed a $70 million civil fine on the parent company of Chrysler for failing to report safety data. A statement from the agency said Fiat Chrysler Automobiles, or FCA, has acknowledged that it failed to turn in "early warning report" data about accidents, warranty claims and […]
This week, the the Consumer Financial Protection Bureau filed a federal complaint against a Massachusetts debt collection firm called EOS CCA for reporting and collecting on old cellphone debt that consumers disputed and EOS did not verify. The company also provided inaccurate information to credit reporting companies about the debt and failed to correct reported […]
In a class action against Mattel, two mothers allege that the talking Hello Barbie doll invades children's privacy by recording their conversations and storing them in the cloud. Courthouse News reports: Mattel says on its website that Hello Barbie complies with the privacy requirements under the Children's Online Privacy Protection Act (COPPA). But Archer-Hayes […]
A report from the Consumer Financial Protection Bureau released yesterday details how the Credit Card Accountability Responsibility and Disclosure Act (CARD Act) has helped reduce the cost of “gotcha” credit card fees by more than $16 billion. "Since the reform law, total costs to consumers have fallen with the elimination of certain back-end pricing practices […]