Welcome to the Consumer Financial Services Blog

March 5, 2009

Which among the following businesses are potentially subject to consumer financial services laws, rules, and regulations?

A. a retail clothing chain
B. a bank or mortgage company
C. an internet retailer
D. a fast food franchisor
E. all of the above

If you answered E, “All of the above,” you are CORRECT. However, many companies do not realize their businesses are subject to consumer financial services laws. Consequently, their businesses may not be compliant and may be subject to litigation risk.

The focus of the Consumer Finance Law Blog is to keep – all on one site – traditional and non-traditional financial service providers subject to consumer financial services laws abreast of recent developments in:

State consumer protection statutes and regulations
State privacy statutes
Privacy and consumer protection litigation
Card Association Rules
Equal Credit Opportunity Act
Electronic Funds Transfer Act
Fair Credit Reporting Act
Fair Credit Transactions Act
Fair Debt Collection Practices Act
Payment Card Industry Data Security Standard
State Money Transmitter Statutes
State Retail Installment Sales Act
State and Federal Unfair and Deceptive Trade Practices Acts
TILA, RESPA, and related federal and state consumer disclosure and notice requirements
Insurance coverage issues
Legislation that may impact company compliance or create new litigation risk.

We welcome you and hope that you find our posts interesting, educational, and thought provoking. We also welcome your feedback and invite you to suggest topics or recent decisions of interest that you would like us to address.