June 2016

Jury: Utah Man Committed 117 Million Telemarketing Sales Rule Violations

June 7, 2016 On May 25, 2016, a federal jury in Utah reached a monumental verdict against an individual and three of his companies, finding that the Defendants committed over 117 million violations of the Telemarketing Sales Rule. How much could the federal government impose in civil penalties?

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CFPB Proposes New Payday Lending Rules

June 3, 2016 On June 2, 2016, the Consumer Financial Protection Bureau (“CFPB”) released a statement regarding proposed new rules aimed at the payday lending industry.  The proposed rules seek to protect consumers from what the CFPB refers to as “payday debt traps” and may impose stricter requirements on such payday lenders.  The CFPB is

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