Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory announcements, recap key enforcement actions, and preview upcoming deadlines and events. We also include links to our articles, blogs, and webinars with more analysis in these areas. We understand that keeping on top of the rapidly evolving regulatory landscape is more important than ever for businesses seeking to offer new and ground-breaking technologies. Please reach out if there are other topics you’d like to see us cover or for any additional information.
In case you missed it, our recent webinar on FTC’s Revised Safeguards Rule: How To Navigate New Information Security Requirements, is available on-demand.
Check out Wiley’s Biden Administration Resource Center for insights on the shifting legal and policy landscape under the 46th President.
Regulatory Announcements
CFPB Issues Compliance Bulletin on Consumer Reviews of Products and Services. On March 22, the CFPB issued a Compliance Bulletin regarding certain consumer review practices that the agency views as unfair or deceptive acts or practices under the Consumer Financial Protection Act (CFPA) because they are prohibited under the Consumer Review Fairness Act. The Compliance Bulletin states that using form contracts to prevent consumers from leaving reviews of products or services and...
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