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	<title>CFSL Bulletin</title>
	
	<link>http://www.cfslbulletin.com</link>
	<description>The latest Consumer Financial Services Litigation news, developments, and legal thinking</description>
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		<title>CFSL Action Update: March 15, 2012 – April 16, 2012</title>
		<link>http://feeds.lexblog.com/~r/CfslBulletin/~3/Lc3fnVCgewI/</link>
		<comments>http://www.cfslbulletin.com/2012/04/23/cfsl-action-update-march-15-2012-april-16-2012/#comments</comments>
		<pubDate>Mon, 23 Apr 2012 17:54:35 +0000</pubDate>
		<dc:creator>Pooja S. Nair</dc:creator>
				<category><![CDATA[Consumer Financial Protection Bureau]]></category>

		<guid isPermaLink="false">http://www.cfslbulletin.com/?p=632</guid>
		
			<content:encoded><![CDATA[The Consumer Financial Protection Bureau issued new regulations on topics including confidentiality protections and information collection: CFPB Strengthening Confidentiality Protections 77 FR 15286 On March 15, 2012, the Consumer Financial Protection Bureau (CFPB) issued a proposed amendment to 12...<br/>
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&nbsp<img src="http://feeds.feedburner.com/~r/CfslBulletin/~4/Lc3fnVCgewI" height="1" width="1"/>]]></content:encoded>
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		<feedburner:origLink>http://www.cfslbulletin.com/2012/04/23/cfsl-action-update-march-15-2012-april-16-2012/</feedburner:origLink></item>
		<item>
		<title>CFPB Says Rescission Complete on Notice</title>
		<link>http://feeds.lexblog.com/~r/CfslBulletin/~3/tAIMt4KiOqw/</link>
		<comments>http://www.cfslbulletin.com/2012/03/30/cfpb-says-rescission-complete-on-notice/#comments</comments>
		<pubDate>Fri, 30 Mar 2012 21:03:05 +0000</pubDate>
		<dc:creator>Michael C. Lueder</dc:creator>
				<category><![CDATA[Bureau of Consumer Financial Protection]]></category>
		<category><![CDATA[Truth in Lending Act]]></category>
		<category><![CDATA[Rescisssion]]></category>

		<guid isPermaLink="false">http://cfslbulletin.default.wp1.lexblog.com/?p=600</guid>
		
			<content:encoded><![CDATA[In a brief filed Tuesday the CFPB argued to the Tenth Circuit Court of Appeals in Denver that a consumer need not file a lawsuit in order to rescind a home equity line of credit, second mortgage or refinance when proper disclosures have not been given. Section 1635 of the Truth in Lending Act...<br/>
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&nbsp<img src="http://feeds.feedburner.com/~r/CfslBulletin/~4/tAIMt4KiOqw" height="1" width="1"/>]]></content:encoded>
			<wfw:commentRss>http://www.cfslbulletin.com/2012/03/30/cfpb-says-rescission-complete-on-notice/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		<feedburner:origLink>http://www.cfslbulletin.com/2012/03/30/cfpb-says-rescission-complete-on-notice/</feedburner:origLink></item>
		<item>
		<title>Court Permits Creditor to Charge and Collect Convenience or Expedited Payment Fees</title>
		<link>http://feeds.lexblog.com/~r/CfslBulletin/~3/ok3m3eHNHs0/</link>
		<comments>http://www.cfslbulletin.com/2012/03/01/court-permits-creditor-to-charge-and-collect-convenience-or-expedited-payment-fees/#comments</comments>
		<pubDate>Thu, 01 Mar 2012 22:08:08 +0000</pubDate>
		<dc:creator>Timothy S. Crisp</dc:creator>
				<category><![CDATA[State Consumer Protection Laws]]></category>

		<guid isPermaLink="false">http://www.cfslbulletin.com/?p=582</guid>
		
			<content:encoded><![CDATA[In recent years, many creditors instituted convenience or &#8220;expedited payment&#8221; fees, charging consumers for payments made by telephone and/or online rather than by mail. However, some state regulators, including those in Colorado, Texas and Wyoming, have taken the position that such fees...<br/>
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&nbsp<img src="http://feeds.feedburner.com/~r/CfslBulletin/~4/ok3m3eHNHs0" height="1" width="1"/>]]></content:encoded>
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		<slash:comments>0</slash:comments>
		<feedburner:origLink>http://www.cfslbulletin.com/2012/03/01/court-permits-creditor-to-charge-and-collect-convenience-or-expedited-payment-fees/</feedburner:origLink></item>
		<item>
		<title>The Consumer Financial Protection Bureau Proposes Boundaries for its Nonbank Supervision of Debt Collection and Credit Reporting Organizations</title>
		<link>http://feeds.lexblog.com/~r/CfslBulletin/~3/z94zspFEd20/</link>
		<comments>http://www.cfslbulletin.com/2012/02/17/the-consumer-financial-protection-bureau-proposes-boundaries-for-its-nonbank-supervision-of-debt-collection-and-credit-reporting-organizations/#comments</comments>
		<pubDate>Fri, 17 Feb 2012 16:10:20 +0000</pubDate>
		<dc:creator>Michael S. Lawrence</dc:creator>
				<category><![CDATA[Consumer Financial Protection Bureau]]></category>

		<guid isPermaLink="false">http://cfslbulletin.default.wp1.lexblog.com/?p=572</guid>
		
			<content:encoded><![CDATA[On February 16, 2012, the Consumer Financial Protection Bureau (“CFPB”) proposed a new regulation, pursuant to Section 1024 of the Consumer Financial Protection Act of 2010 (Title X of the Dodd-Frank Act) (the “Act”), intended to establish “the scope of coverage of the Bureau’s supervision...<br/>
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&nbsp<img src="http://feeds.feedburner.com/~r/CfslBulletin/~4/z94zspFEd20" height="1" width="1"/>]]></content:encoded>
			<wfw:commentRss>http://www.cfslbulletin.com/2012/02/17/the-consumer-financial-protection-bureau-proposes-boundaries-for-its-nonbank-supervision-of-debt-collection-and-credit-reporting-organizations/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		<feedburner:origLink>http://www.cfslbulletin.com/2012/02/17/the-consumer-financial-protection-bureau-proposes-boundaries-for-its-nonbank-supervision-of-debt-collection-and-credit-reporting-organizations/</feedburner:origLink></item>
		<item>
		<title>Second Circuit Panel Strikes Arbitration Agreement With Class Action Waiver</title>
		<link>http://feeds.lexblog.com/~r/CfslBulletin/~3/cUJCGLt-AqA/</link>
		<comments>http://www.cfslbulletin.com/2012/02/01/second-circuit-panel-strikes-arbitration-agreement-with-class-action-waiver/#comments</comments>
		<pubDate>Wed, 01 Feb 2012 22:32:39 +0000</pubDate>
		<dc:creator>Michael D. Leffel</dc:creator>
				<category><![CDATA[Class Actions]]></category>
		<category><![CDATA[Arbitration]]></category>

		<guid isPermaLink="false">http://www.cfslbulletin.com/?p=562</guid>
		
			<content:encoded><![CDATA[In In Re: American Express Merchants’ Litigation (No. 06-1871-cv), a two judge panel of the Second Circuit breathes new life into arguments to strike arbitration clauses. The court held that, because of the allegedly prohibitive costs for pursuing antitrust claims on an individual basis, forcing...<br/>
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&nbsp<img src="http://feeds.feedburner.com/~r/CfslBulletin/~4/cUJCGLt-AqA" height="1" width="1"/>]]></content:encoded>
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		<slash:comments>0</slash:comments>
		<feedburner:origLink>http://www.cfslbulletin.com/2012/02/01/second-circuit-panel-strikes-arbitration-agreement-with-class-action-waiver/</feedburner:origLink></item>
		<item>
		<title>Supreme Court In CompuCredit Corp. v. Greenwood Gives Another Victory to Proponents of Arbitration</title>
		<link>http://feeds.lexblog.com/~r/CfslBulletin/~3/edgeEO0_6iQ/</link>
		<comments>http://www.cfslbulletin.com/2012/01/10/supreme-court-in-compucredit-corp-v-greenwood-gives-another-victory-to-proponents-of-arbitration/#comments</comments>
		<pubDate>Tue, 10 Jan 2012 22:38:46 +0000</pubDate>
		<dc:creator>Michael D. Leffel</dc:creator>
				<category><![CDATA[Class Actions]]></category>
		<category><![CDATA[Arbitration]]></category>
		<category><![CDATA[Class Action]]></category>
		<category><![CDATA[Credit Repair Organizations Act]]></category>
		<category><![CDATA[Private Right of Action]]></category>

		<guid isPermaLink="false">http://www.cfslbulletin.com/?p=550</guid>
		
			<content:encoded><![CDATA[Following on the heals of its pro-arbitration decision in Concepcion from earlier this year, the United States Supreme Court ruled today that a federal statute that provides for a private right of action and even for class actions, but is silent as to whether these claims can proceed in...<br/>
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&nbsp<img src="http://feeds.feedburner.com/~r/CfslBulletin/~4/edgeEO0_6iQ" height="1" width="1"/>]]></content:encoded>
			<wfw:commentRss>http://www.cfslbulletin.com/2012/01/10/supreme-court-in-compucredit-corp-v-greenwood-gives-another-victory-to-proponents-of-arbitration/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		<feedburner:origLink>http://www.cfslbulletin.com/2012/01/10/supreme-court-in-compucredit-corp-v-greenwood-gives-another-victory-to-proponents-of-arbitration/</feedburner:origLink></item>
		<item>
		<title>Defying Senate, President Obama purportedly makes recess appointment of Cordray to lead CFPB</title>
		<link>http://feeds.lexblog.com/~r/CfslBulletin/~3/Y9zIeKjXV4o/</link>
		<comments>http://www.cfslbulletin.com/2012/01/04/defying-senate-president-obama-purportedly-makes-recess-appointment-of-cordray-to-lead-cfpb/#comments</comments>
		<pubDate>Wed, 04 Jan 2012 17:54:48 +0000</pubDate>
		<dc:creator>Timothy S. Crisp</dc:creator>
				<category><![CDATA[Consumer Financial Protection Bureau]]></category>

		<guid isPermaLink="false">http://www.cfslbulletin.com/?p=538</guid>
		
			<content:encoded><![CDATA[For nearly six months, President Obama&#8217;s nomination of Richard Cordray to be the first Director of the Bureau of Consumer Financial Protection (CFPB) has been blocked by Senate Republicans. Today, the President is attempting to call the Senate&#8217;s bluff by making a legally questionable...<br/>
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&nbsp<img src="http://feeds.feedburner.com/~r/CfslBulletin/~4/Y9zIeKjXV4o" height="1" width="1"/>]]></content:encoded>
			<wfw:commentRss>http://www.cfslbulletin.com/2012/01/04/defying-senate-president-obama-purportedly-makes-recess-appointment-of-cordray-to-lead-cfpb/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		<feedburner:origLink>http://www.cfslbulletin.com/2012/01/04/defying-senate-president-obama-purportedly-makes-recess-appointment-of-cordray-to-lead-cfpb/</feedburner:origLink></item>
		<item>
		<title>The Fourth Circuit Declines to Put TILA Form Over Substance</title>
		<link>http://feeds.lexblog.com/~r/CfslBulletin/~3/EPGrTp-_BWk/</link>
		<comments>http://www.cfslbulletin.com/2011/12/21/the-fourth-circuit-declines-to-put-tila-form-over-substance/#comments</comments>
		<pubDate>Wed, 21 Dec 2011 21:26:26 +0000</pubDate>
		<dc:creator>Michael S. Lawrence</dc:creator>
				<category><![CDATA[Truth in Lending Act]]></category>

		<guid isPermaLink="false">http://cfslbulletin.default.wp1.lexblog.com/?p=523</guid>
		
			<content:encoded><![CDATA[In the recent decision, Watkins v. SunTrust Mortg., Inc., No. 10-1915, 2011 WL 6188751 (4th Cir. Dec. 14, 2011), the Fourth Circuit ruled on the specific information that a lender must provide to a borrower in order to comply with TILA’s rescission notice requirement.  The Truth in Lending Act, 15...<br/>
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&nbsp<img src="http://feeds.feedburner.com/~r/CfslBulletin/~4/EPGrTp-_BWk" height="1" width="1"/>]]></content:encoded>
			<wfw:commentRss>http://www.cfslbulletin.com/2011/12/21/the-fourth-circuit-declines-to-put-tila-form-over-substance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		<feedburner:origLink>http://www.cfslbulletin.com/2011/12/21/the-fourth-circuit-declines-to-put-tila-form-over-substance/</feedburner:origLink></item>
		<item>
		<title>CFPB Republishes Certain Existing FTC Rules</title>
		<link>http://feeds.lexblog.com/~r/CfslBulletin/~3/Cfti9N4A6Lw/</link>
		<comments>http://www.cfslbulletin.com/2011/12/16/cfpb-republishes-certain-existing-ftc-rules/#comments</comments>
		<pubDate>Fri, 16 Dec 2011 16:31:14 +0000</pubDate>
		<dc:creator>Timothy S. Crisp</dc:creator>
				<category><![CDATA[Consumer Financial Protection Bureau]]></category>

		<guid isPermaLink="false">http://www.cfslbulletin.com/?p=517</guid>
		
			<content:encoded><![CDATA[The Consumer Financial Protection Bureau (CFPB) issued three interim final rules, each effective December 30, 2011, which republish and make minor, nonsubstantive changes to certain existing regulations of the Federal Trade Commission (FTC). The Dodd-Frank Act transferred rulemaking authority for...<br/>
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&nbsp<img src="http://feeds.feedburner.com/~r/CfslBulletin/~4/Cfti9N4A6Lw" height="1" width="1"/>]]></content:encoded>
			<wfw:commentRss>http://www.cfslbulletin.com/2011/12/16/cfpb-republishes-certain-existing-ftc-rules/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		<feedburner:origLink>http://www.cfslbulletin.com/2011/12/16/cfpb-republishes-certain-existing-ftc-rules/</feedburner:origLink></item>
		<item>
		<title>Seventh Circuit Reverses Summary Judgment in Dispute Over Truth-in-Lending Act Rescission Notices</title>
		<link>http://feeds.lexblog.com/~r/CfslBulletin/~3/UyaSKwaz8lc/</link>
		<comments>http://www.cfslbulletin.com/2011/12/07/seventh-circuit-reverses-summary-judgment-in-dispute-over-truth-in-lending-act-rescission-notices/#comments</comments>
		<pubDate>Wed, 07 Dec 2011 20:17:14 +0000</pubDate>
		<dc:creator>Timothy S. Crisp</dc:creator>
				<category><![CDATA[Truth in Lending Act]]></category>

		<guid isPermaLink="false">http://cfslbulletin.default.wp1.lexblog.com/?p=490</guid>
		
			<content:encoded><![CDATA[Can a lender ever obtain summary judgment in a dispute over delivery of Truth-in-Lending Act rescission right disclosures? A recent decision by the Seventh Circuit raises significant doubts. The Truth-in-Lending Act (TILA) requires that lenders notify consumer borrowers in writing of their right to...<br/>
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&nbsp<img src="http://feeds.feedburner.com/~r/CfslBulletin/~4/UyaSKwaz8lc" height="1" width="1"/>]]></content:encoded>
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