California Consumer Finance Litigation

"Reporting on recent developments and providing analysis of important finance topics related to banking, credit cards, mortgages, and consumer finance statutes and regulations."

Author: Daniel J. O'Rielly practices at O'Rielly and Roche in San Francisco.

Blawg Related Categories: Banking Law • Consumer Law • Real Estate & Property Law • 9th Circuit Court • States • California • Solo / Small Firm

Recent Posts from California Consumer Finance Litigation

House Approves Accleration of CARD Act Effective Date
The U.S. House of Representatives yesterday voted 331-92 to pass H.R. 3639, the Expedited CARD Reform for Consumers Act of 2009, which would accelerate the effective date of the Credit CARD Act of 2009. The provisions…
CARD Reform Acceleration Moves Forward
Efforts to move up the effective date of the Credit CARD Act of 2009, to December 1, 2009 from February and July 2010 are moving forward, approved by the House Committee on Financial Services. In a…
Financial Regulatory Reform Moves Out of Committee
The House Financial Services Committee on Thursday voted to approve the Consumer Financial Protection Agency Act, HR 3126. The legislation is changing in significant ways as it moves through the legislative process. Among the revisions…
Push Is On to Accelerate CARD Reform
The U.S. House Committee on Financial Services is considering recently-introduced legislation, called the Expedited CARD Reform for Consumers Act of 2009, to accelerate the effective date of the Credit CARD Act of 2009. Certain provisions of…
Powers of the Proposed Consumer Financial Protection Agency
Subpart F, sections 161 through 166, of the Consumer Financial Protection Agency Act of 2009 (HR 3126, July 8, 2009) provides for the transfer of broad areas of power to regulate consumer financial protection functions…
Financial Regulatory Reform Moving Forward
Legislation for federal financial regulatory reform, introduced by the Obama administration in June, is moving forward through the legislative process. Treasury Secretary Geithner testified before the House Financial Services Committee on September 23. The proposed…
Portions of Credit CARD Act Go Live
Although most provisions of the Credit CARD Act of 2009 become effective in February and July 2010, pursuant to an interim final rule announced by the Fed to amend Regulation Z as phase one of the…
FTC Clarifies FDCPA-FACTA Conflict
In an Advisory Opinion, the Federal Trade Commission has clarified a statutory conflict between the Fair Debt Collection Practices Act ("FDCPA"), 15 U.S.C. § 1692 et seq., and its regulations implementing the Fair and Accurate…
Court of Appeal Rejects Litigation Privilege Under Rosenthal
In Komarova v. National Credit Acceptance, Inc., the First District California Court of Appeal considered several issues of first impression involving the California Robbins-Rosenthal Fair Debt Collection Practices Act, Civil Code § 1788 et seq. …
U.S. Supreme Court Decides Cuomo v. Clearing House
In Cuomo v. Clearing House Association, LLC, former New York Attorney General Elliot Spitzer sent requests to several national banks, in lieu of subpoenas, seeking non-public information regarding whether the banks had violated the state's…