Remove compliance amicus
article thumbnail

FTC and CFPB Join Forces on Amicus Brief Arguing That FCRA Does Not Distinguish Between Legal and Factual Inaccuracy

Troutman Sanders

On May 5, the Consumer Financial Protection Bureau (CFPB or Bureau) and the Federal Trade Commission (FTC) together filed an amicus brief in an appeal pending before the Court of Appeals for the Second Circuit, Sessa v. These likely negative consequences to both the industry and consumers alike are ignored in the amicus briefs. [1]

Lender 52
article thumbnail

Credit Acceptance and National Trade Associations Challenge the CFPB and NY AG’s Attempt to Disregard TILA and Regulate the Indirect Auto Finance Industry Through Litigation

Troutman Sanders

On March 14, Credit Acceptance filed a motion to dismiss the complaint, and on March 21, Troutman Pepper filed an amicus curiae brief in support of Credit Acceptance on behalf of the American Financial Services Association, the Consumer Bankers Association, and the Chamber of Commerce of the United States.

Trade 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mystery company fails to identify Twitter critic who used “its” photos

Public Citizen

One reason we filed an amicus brief in this case was our concern that this burden argument puts an unsustainable thumb on the scales and makes the Dendrite test less attractive in the long run, because, as amicus argued the case, it would seem that a plaintiff with a solid case might, nevertheless never succeed in identifying an anonymous defendant. 

article thumbnail

U.S. Chamber of Commerce Backs Walmart in FTC Suit

Troutman Sanders

The amicus curiae also argued that Walmart is not assisting a fraudster when it completes a routine transaction requested by the consumer. Specifically, the amicus curiae argues that the TSR, which the FTC filed its complaint under, only requires that the business not complete a transaction if they “know or consciously avoid knowing”.

Retail 52
article thumbnail

Public Citizen - Untitled Article

Public Citizen

That is what Big Copyright, represented by the Copyright Alliance and by a coalition of trade associations of professional photographers, argues in a pair of amicus briefs that they have filed in the controversy over Twitter postings by CallMeMoneyBags.    Bayside cross-moved to compel compliance

article thumbnail

CFPB and FTC File Amicus Brief on Servicemembers’ Right to Sue Under the Military Lending Act

Troutman Sanders

On November 21, the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) filed a joint amicus brief in Louis v. They argue it is illegal to extend credit to covered borrowers on terms not in compliance with the MLA and that any such contract is void ab initio. Bluegreen Vacations Unlimited, Inc. , 10 U.S.C. §

Loans 52
article thumbnail

Will Hunstein Require a Reset?

Consumer Financial Services Law

Moreover, the collection agency has the support of the industry and several trade associations and other interested parties intend to file amicus briefs in support of the collection agency’s position. Compliance teams therefore will need to assess their third-party vendor relationships and assess each one under the microscope of Hunstein.