At a Senate Banking Committee hearing, Ranking Member Pat Toomey (R-PA) raised numerous concerns about the proposed "National Critical Capabilities Act," also known as "outbound CFIUS."
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The CFPB filed a Complaint against a payday lender, alleging that the company (i) concealed the option of a free repayment plan to consumers struggling to repay their short-term, high-cost loans and (ii) "made electronic withdrawals of consumers’ money without their authorization."
The CFPB advisory opinion on unfair debt collection practices became effective July 5, 2022.
The CFPB issued guidance on navigating "pay-to-pay" debt collector fees, often described as "convenience fees."
The SEC Division of Corporation Finance granted a Sweden-based tobacco company no-action relief from SEA Rule 14e-1(c)-(d) and Rule 14e-5.