Consumer Credit and Privacy Compliance
Online research tools to manage compliance with federal and state laws and regulations
CounselorLibrary.com, LLC, an affiliate of the law firm of Hudson Cook, LLP, is the leading compliance resource for the consumer financial services and privacy industries, providing comprehensive coverage and analysis of federal and state laws, regulations, and litigation. Select a category below, or view all products.
Last Week, This Morning
Key developments from the past week in consumer and commercial finance and privacy law.
Utah Requires Disclosures in Connection with Use of AI and Creates Office of Artificial Intelligence Policy
FHA Increases Loan Limits for its Manufactured Home Loan Program
FTC to Hold Virtual Hearing on April 24 on Proposed Rule on Unfair or Deceptive Fees
Utah Modifies Provisions Relating to Consumer Lender Notifications and Commercial Financing Transactions
FCC Creates Voluntary Cybersecurity Labeling Program for Consumer Products that Communicate Over Internet
CFPB’s Rule to Limit Credit Card Late Fees Effective May 14
CFPB Increases Focus on Mortgage Loan Closing Costs
Wyoming Enacts Law Governing Notice to Lienholders of Towed Vehicles
Virginia Revises Common Interest Community Foreclosure Laws
Utah Requires New Disclosure by Credit Services Organizations
New York AG Sues Companies and Individuals over Alleged Illegal Small Business Financing Scheme
CFPB Finalizes Rule to Limit Late Fees on Credit Cards
Texas Finance Commission Amends Credit Access Business Rules
New Hampshire Enacts Comprehensive Consumer Data Privacy Law
Washington Legislature Passes Predatory Loan Prevention Act
Hudson Cook Insights
Today's Trends in Credit Regulation
New York Amends Credit Card Surcharge Statute
By Jay Harris, Thomas P. Quinn, Jr., and Ryan Stinneford
As the Kansas City Chiefs were winning the big game, New York made a big change to its law governing credit card surcharges.
While definitions of the term may vary, a "surcharge" is generally understood to mean a higher price that applies when a consumer uses a credit card instead of paying in cash. article continued
Breaking Barriers: Language Access Programs and the New Landscape for Businesses
By Charles F. Dodge, Jr., Jason F. Esteves, and Gabriela I. Chambi
Hoy en día, en los Estados Unidos, el número de personas que habla el español u otro idioma que no sea inglés está creciendo rápidamente. De acuerdo al Censo de los Estados Unidos, unos 68 millones de personas no hablan inglés en sus casas. article continued
CFPB Bites of the Month - February 2024 - "I Got You, CFPB".
By Justin B. Hosie, Eric L. Johnson and Laura J. Bacon
In this month's article, we share some of our top "bites" covered during the February 2024 webinar. article continued
Arkansas Limits Use of License Plate Readers for Repossession
By Clayton C. Swears
Recovering collateral after default is rarely easy. In addition to the physical and practical difficulties of repossession, compliance is often a costly and complex issue. And, as is often the case, technological innovations that help with the practical piece may unfortunately implicate the compliance piece. article continued