Current Industry News

FTC Charges Lending Club with Deceiving Consumers

The Federal Trade Commission has charged the LendingClub Corporation with falsely promising consumers they would receive a loan with “no hidden fees,” when, in actuality, the company deducted hundreds or even thousands of dollars in hidden up-front fees from the loans.

Mac Murray & Shuster Selected to National Association of Minority and Women Owned Law Firms

[New Albany, Ohio] — April 23, 2018—Mac Murray & Shuster LLP (M&S), a boutique law firm focusing on consumer protection regulatory compliance and defense, is proud to announce that it has been accepted to the National Association of Minority and WomenOwned Law Firms (NAMWOLF).

NAFCU to IRS, Hatch: Don’t grow CUs’ compliance burden

NAFCU, in a letter to and conversation with the IRS yesterday and in a personal visit to the office of Sen. Orrin Hatch, R-Utah, argued that requiring credit unions to file additional tax forms would “impose increased regulatory burden on the credit union system” and also “contravene directives from President Trump and the U.S. Department of the Treasury to achieve regulatory reform and rollback throughout the financial system.”

Acting CFPB chief mulls taking down public complaint database

The acting director of the Consumer Financial Protection Bureau (CFPB) on Tuesday said he might remove a database of complaints to the agency from public view.

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