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Elena Lovoy’s practice focuses on state and federal regulatory compliance issues facing banks and financial services companies in connection with their consumer lending operations. She also works with vendors serving the consumer finance industry. Shehas extensive experience advising financial services companies on the state and federal consumer protection laws and regulations impacting their lending operations. Elena works with companies to monitor and respond to regulatory and other legislative developments and to develop forms, procedures and strategies to ensure compliance with these requirements. View articles by Elena

CFPB Outlines Expectations for In-Person Debt Collection Activities by First- and Third-Party Debt CollectorsConsumer debt collection activities remain one of the primary focus areas of the Consumer Financial Protection Bureau (CFPB)—and this focus is not limited to the activities of third—party debt collectors. The CFPB released a Compliance Bulletin (Bulletin) on December 16, 2015, outlining its expectations regarding in-person debt collection activities both by first-party and third-party

More Challenges to the FCC’S TCPA Declaratory Rulings and E-Faxes Covered Under the TCPAThe FCC’s pro-consumer July 10, 2015 Declaratory Ruling and Order creates new and increased TCPA compliance and litigation challenges for businesses. ACA International previously filed a lawsuit seeking judicial review of the ruling and, on August 14, 2015, CodeBroker, LLC filed a similar lawsuit.  Both lawsuits are pending in the United States Court of Appeals

US Supreme Court Upholds Use of Disparate Impact Claims in Fair Lending EnforcementThe US Supreme Court finally weighed in today on whether the disparate impact theory may be used to prove housing discrimination and ruled that such claims are viable under the Fair Housing Act (FHA), 42 U.S.C. §§ 3601 et seq. This means plaintiffs only need to show the discriminatory effect of a particular business

CFPB Proposes to Extend TRID Effective Date to October 3In a previous blog post, we discussed an informal announcement by the Consumer Financial Protection Bureau (CFPB) of its intent to delay the effective date of the new integrated mortgage disclosure rule under Regulations X and Z (commonly referred to as the TILA-RESPA Integrated Disclosure rule or TRID rule). A proposed amendment was released