CFPB Proposes Rule to Protect Consumers in Emerging Payment Systems
On January 2, 2025, a proposed rule clarifies the Electronic Fund Transfer Act to include video game transactions, esports betting, and stablecoins, enhancing consumer protections.
Tedd Gilmore
Tedd Gilmore, editor of SuchLaw, grew up in St. Louis, Missouri, and earned his degree in Political Science and Pre-Law from Washington University in St. Louis. With a career spanning over 15 years, Tedd has worked as a paralegal, legal researcher, and advocate for small businesses, specializing in simplifying complex legal processes. Passionate about community empowerment, he has been involved in local initiatives to improve access to legal resources for underserved populations. At SuchLaw, Tedd combines his expertise and dedication to make legal knowledge accessible and actionable, bridging the gap between individuals, small businesses, and the justice they deserve.
CFPB Takes Action Against Credit Agency for Inaccurate Reporting Practices
On January 17, 2025, a major consumer reporting agency faced a $15 million penalty for failing to manage credit report disputes effectively, violating the Fair Credit Reporting Act.
Judicial Violence Erupts in Iran as Two Prominent Judges Are Assassinated
Two Iranian judges, Ali Razini and Mohammad Moghiseh, were assassinated in Tehran, raising concerns about judicial safety and increasing targeted violence in the country.
States and Energy Industry Sue Biden Over Offshore Leasing Restrictions
A coalition of Republican-led states and energy groups filed a lawsuit challenging presidential memoranda that restrict oil and gas leasing on over 627 million acres offshore.
Vermont Lawsuit Challenges Surveillance of Pregnant Women by Child Welfare Agency
A.V. is suing Vermont's child welfare agency for removing her daughter based on unproven mental health rumors, alleging discrimination and violation of reproductive rights.
Supporters Clash with Police After Arrest of Impeached President Yoon Suk Yeol
Impeached South Korean President Yoon Suk Yeol faces arrest following a court warrant, triggering protests, clashes with police, and significant political unrest over insurrection charges.
CFPB Highlights Critical Compliance Issues in Winter 2024 Financial Practices Report
The Consumer Financial Protection Bureau's Winter 2024 report identifies compliance failures in deposit accounts, credit data furnishing, and small-dollar lending, urging improved consumer protections and operational practices.
Russian Court Sentences Lawyers for Protecting Navalny, Draws Global Outrage
Three lawyers linked to Alexei Navalny's Anti-Corruption Foundation were sentenced, prompting international condemnation and calls for their immediate release due to political motivations.
UN Urges Action Against Rising Ethnic Violence in Sudan Amid Ongoing Conflict
Volker Türk, the UN High Commissioner for Human Rights, condemned escalating ethnic violence in Sudan, urging action against targeted attacks and hate speech impacting communities.
Court Vacates Nasdaq’s Diversity Rules, Ending SEC’s Board Diversity Mandate
On December 11, 2024, the Fifth Circuit ruled against the SEC's Nasdaq Board Diversity Rules, impacting diversity compliance for Nasdaq-listed companies.