Consumer

On August 18, several trade associations including the American Financial Services Association, Consumer Bankers Association, CRE Finance Council, Equipment Leasing and Finance Association, Mortgage Bankers Association, National Association of Federally-Insured Credit Unions, Truck Renting and Leasing Association, and the U.S. Chamber of Commerce collectively referred to as “the Trades”, jointly appealed to the Consumer Financial…

Amid increasing scrutiny of anti-competitive behavior, the Federal Trade Commission (FTC) and Department of Justice (DOJ) have released proposed Hospital Merger Guidelines, a document outlining 13 principles that the authorities may employ when making determinations about the legality of a merger under antitrust laws. JDSupra reported recently. The Draft Guidelines serve as a vital tool…

The Seventh Circuit has recently issued decisions that shed light on the applicability of the Telephone Consumer Protection Act (TCPA) to unsolicited faxes. The rulings, particularly the decision in Smith v. First Hospital Laboratories, Inc., provide insight into the circumstances under which a fax offering to purchase a product or service might be regarded as…

The Consumer Financial Protection Bureau (CFPB) has initiated legal proceedings against a major installment lending company and multiple of its South Carolina subsidiaries for purported “loan-churning” transgressions. These alleged unlawful practices are claimed to have generated hundreds of millions of dollars in costs and fees from loans. As per the lawsuit filed on August 22,…