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CFPB Circular Targets “Deceptive” Fine Print
The National Law Review· 1 day agoOn June 4, the CFPB issued a circular targeting the deceptive use of fine print in consumer financial contracts to include unlawful or unenforceable...
Consumer watchdog setting up registry of predatory financial businesses
WSOC via Yahoo Finance· 5 days agoThere are a lot of laws in place to protect us against banks, but now the Consumer Financial...
FTC Takes Action Against Doxo, Citing Junk Fees
The National Law Review· 3 days agoGo-To Guide: The Federal Trade Commission (FTC) recently took action against Doxo, charging that the company uses deceptive “junk fee” practices that...
When is a Disclaimer Not a Disclaimer?
The National Law Review· 5 days agoThe circular states that “covered persons” and “service providers” are prohibited from deceptive acts or practices. As a reminder, per the CFPB, digital ...
Deceptive AI: Exploiting Generative Models in Criminal Schemes
Unite.ai· 2 days agoGenerative AI, a subset of Artificial Intelligence, has rapidly gained prominence due to its remarkable ability to generate various forms of content, including human-like text, realistic images ...
AG Ken Paxton investigates car manufacturers over data privacy concerns
News 13 Orlando· 2 days agoPaxton made the announcement on Thursday, citing the Texas Deceptive Trade Practices Consumer...
AI tool creates deceptive Biden, Trump images, tests show
AFP via Yahoo News· 3 days agoTests on a leading AI tool allowed the creation of deceptive and incriminating images of President...
JD Supra: "OVER THE LINE!" Where Banking and Gaming Intersect, the CFPB Has Something to Say.
JD Supra· 15 hours agoGamers pay gaming companies real currency for virtual in-game currency to buy skins, create the world they want to live in (virtually), or purchase loot that aid in their game play. In some ...
FTC outlines TILA and EFTA efforts in letter to CFPB | JD Supra
JD Supra· 6 days agoOn May 20, the FTC released a letter to the CFPB detailing its enforcement activities related to Regulation Z (TILA), Regulation M (the Consumer Leasing Act or CLA), and Regulation E (the EFTA ...
CFPB Warns: “Unlawful” or “Unenforceable” Terms in Form Contracts Can Violate CFPA | JD Supra
JD Supra· 2 days agoThis comes more than a year after the CFPB proposed a rule that would require supervised nonbanks that utilize form contracts to annually register...