Bank NotesConsumer ProtectionChanges to the WV Consumer Credit and Protection Act: Estates Have StandingApril 17, 2025 Under the current version of the WV Consumer Credit and Protection Act, §§ 46A-1-101 et seq., a consumer’s claims expire upon their death. Several circuit courts reached that decision in cases due to the definition of “consumer” set forth in §46A-2-122(a) being defined as a “natural person.” W. Va. Code § 46A-2-122(a). House Bill 3162, passed by the West Virginia Legislature during the 2025… Banking 101: Paying Attention to Ratios and Why It MattersMay 29, 2024 Ratios. Percentages. Ranges. In banking, metrics matter. Too much liquidity? Too little liquidity? Increasing number of accounts more than 30 days past due? Increasing number of defaults? Too few new deposit accounts? Too small of a gap in interest rates? A small change in any one of the metrics measuring a bank’s performance can be the first indicator of a potential issue that could later turn… A first step on the road to clarity: CFPB Abusive Acts or Practices Statement of PolicyMay 29, 2020 On January 24, 2020, the Consumer Financial Protection Bureau (CFPB) published “Statement of policy regarding prohibition on abusive acts or practices” (Statement).1 The CFPB’s intention in publishing the Statement was “To convey and foster greater certainty about the meaning of abusiveness”. The Statement provides little to immediately clarify the definition of abusiveness. It does create a… |
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