Quick analysis: Everything Up in Oct and YTD
October was an across-the-board up month, with CFPB complaints +5.6 in Oct and +119.3% YTD, TCPA suits +17.5% in Oct and +4.4% YTD, FDCPA suits +4.1% in Oct and +6.3% YTD and FCRA suits +2.1% in Oct and +10.1% YTD.
Senate Banking Committee ranking Republican Sen. Tim Scott, R-S.C. said on December 11 that unlike several other regulators, the CFPB is ignoring his call to pause rulemaking until the Trump Administration takes office.
In the third in our series of new CCPA regulations from California, we look at obligations for conducting risk assessments under CCPA. CCPA had called on the California agency to promulgate rules to address such assessments, and when they would be needed.
The Consumer Financial Protection Bureau (CFPB) has finalized a significant enforcement action against Lexington Law and CreditRepair.com, two of the country’s largest credit repair companies. In August 2023, the CFPB obtained a $2.7 billion judgment against these companies for violating federal consumer protection laws. By December 2024, the CFPB began distributing $1.8 billion to 4.3 million consumers from its victims relief fund, representing the largest distribution in the agency’s history.
The Federal Communications Commission todayannounced new enforcement and rulemaking actions to stop bad actors from facilitatingnuisance and illegal robocalls. The FCC’s Enforcement Bureau announced that 2,411 voiceservice providers failed to properly file in the Robocall Mitigation Database and must showcause why they should not be removed.
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