Category: Insights

In this month’s article, we share some of our top “bites” covered during the May 2026 webinar. Bite 14: CFPB Plans to Recall Staff to the Office On May 12, 2026, media outlets reported that the leadership at the CFPB plans to recall staff to the office. Over a year ago, reports circulated that the Trump administration shut… Continue reading Consumer Financial Services Bites of the Month – May 20, 2026 – “May You Never.”

State credit regulators take center stage this month: the Illinois Department of Financial and Professional Regulation, the Massachusetts Division of Banks, the New Hampshire Banking Department, and the South Carolina Department of Consumer Affairs all announced enforcement actions over issues such as usury, unlicensed activity, and excessive fees. California California Attorney General Bonta issued a consumer… Continue reading State Watch: Consumer Protection Enforcement Update

This week’s Weekly Sweep highlights key enforcement actions and regulatory developments from across the Northeast. These updates reflect continued focus on consumer protection, licensing compliance, and multistate coordination among financial services regulators. Key Developments Rhode Island – Multistate Fair Housing Challenge Summary:Rhode Island Attorney General Peter Neronha joined a coalition of attorneys general in challenging actions by the… Continue reading THE WEEKLY SWEEP – NORTHEAST FINANCIAL SERVICES REGULATOR ACTIVITY

The news of momentous changes in government policy, especially regarding civil rights enforcement, has been gratifying to many creditors that felt the federal government had gone too far in its interpretation of the laws and was too unreasonable in its settlement demands. The Trump administration has all but gutted the Consumer Financial Protection Bureau (although… Continue reading Is the Current Department of Justice More Pro-Business on Servicemember Rights Claims? Um, No.

It’s no secret that 2025 turned the federal regulatory ecosystem on its head. The Consumer Financial Protection Bureau was significantly downsized and almost neutered. The Federal Trade Commission’s leadership and composition were changed, as were its focus and enforcement priorities. This upheaval has, for the most part, given the auto finance industry a breather from… Continue reading Optimize This Unusual Federal Regulatory Pause

For those interested in all things “Interest” related, we provide a summary of recent state and federal court cases involving usury, finance charges, and interest rates, as they relate to the consumer and commercial credit industries. Assuming the courts stay busy, please look for our next edition towards the end of spring. California/Commercial Loan –… Continue reading The Hudson Cook Usury Monitor – A Publication of Recent Usury and Finance Charge Cases – Winter 2025

In this month’s article, we share some of our top “bites” covered during the April 2026 webinar. Bite 11: House Financial Services Committee Examines GLBA On March 17, 2026, the House Financial Services Committee discussed modernizing the current patchwork of privacy laws, including Title V of the Gramm-Leach-Bliley Act (“GLBA”). Specifically, the committee held a hearing titled… Continue reading Consumer Financial Services Bites of the Month – April 15, 2026 – “April Song.”

Spring Break? More like Spring Fling! This month, from Alaska to Iowa to Montana and beyond, the states flexed their UDAP muscles, going after bait-and-switch advertising, the sale of consumer data, and solar installation and finance practices. The big story: a bipartisan multistate lawsuit against an installment lender over its optional product sales practices. Alaska… Continue reading State Watch: Consumer Protection Enforcement Update

HIGHLIGHTS: CASE SUMMARY: In May 2025, the Federal Trade Commission’s Rule on Unfair and Deceptive Fees (the “Fees Rule”) took effect. The Rule prohibits hidden fees in the live-event ticketing and short-term lodging industries under the theory that hiding fees during the checkout process is an unfair and deceptive practice. The Rule followed a March… Continue reading Enforcement Alert from Hudson Cook: FTC Announces $10 Million Settlement with Ticket Sale Website for Failing to Provide All-In Price Disclosures

With a few days to spare as the clock ticked toward a March 20th effective date, New York Governor Kathy Hochul kept good on an earlier promise to revise the state’s coerced debt law (the “Coerced Debt Law”). The Coerced Debt Law, which resides in Article 29-HHH of the state’s General Business Law, was initially adopted… Continue reading New York Amends, Delays Coerced Debt Law