{"ResultCount":5,"HasMoreResults":false,"GridData":[{"ID":"7b89e443-5dd3-4364-b8c6-6ee43bcde47e","Category":"Blog Posts|Consumer Finance ABstract","DisplayDate":"July 8, 2020","DisplayMonth":null,"DisplayDay":null,"Title":"Louisiana Enacts Virtual Currency Company Law","QorusEventTitle":"","Summary":"

A&B ABstract: On June 13, Louisiana enacted a comprehensive new law imposing a licensing obligation on entities that engage in virtual currency business activity. Effective August 1, 2020, House Bill 701 (the “Law”) will require the licensure of entities that engage in virtual currency business activity in Louisiana with Louisiana residents. The Law provides that an […]

The post Louisiana Enacts Virtual Currency Company Law appeared first on Alston & Bird Consumer Finance ABstract.

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A&B Abstract: On June 18, 2020, the Consumer Financial Protection Bureau (“Bureau”) announced the launch of a pilot advisory opinion program (“Pilot Program”) to publicly address regulatory uncertainty in the Bureau’s existing regulations. The Bureau also announced that the public can now comment on the proposed advisory opinion program, which the Bureau intends to implement […]

The post CFPB Seeks Public Comment on the Advisory Opinion Program appeared first on Alston & Bird Consumer Finance ABstract.

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A&B ABstract: The Seventh Circuit’s ruling in Preston v. Midland Credit Mgmt. departs from other circuits that have considered whether there is a “benign language” exception under the Fair Debt Collection Practices Act (“FDCPA”). The Seventh Circuit, ruled, as the Consumer Financial Protection Bureau (“CFPB”) urged in an amicus brief, that the FDCPA does not […]

The post Seventh Circuit Declines to Adopt FDCPA “Benign Language” Exception appeared first on Alston & Bird Consumer Finance ABstract.

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