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Global Advertising Lawyers Alliance (GALA)
With firms representing more than 90 countries, each GALA member has the local expertise and experience in advertising, marketing and promotion law that will help your campaign achieve its objectives, and navigate the legal minefield successfully. GALA is a uniquely sensitive global resource whose members maintain frequent contact with each other to maximize the effectiveness of their collaborative efforts for their shared clients. GALA provides the premier worldwide resource to advertisers and agencies seeking solutions to problems involving the complex legal issues affecting today’s marketplace.
According to media reports, Russell Vought, the Director of the Office and Management and Budget, who is also serving as the Acting Director of the Consumer Financial Protection Board…
United States
Media, Telecoms, IT, Entertainment
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According to media reports, Russell Vought, the Director of the
Office and Management and Budget, who is also serving as the Acting
Director of the Consumer Financial Protection Board, ordered
all CFPB employees to stop work.
The CFPB, which was formed more than a decade ago, is a federal
agency charged with enforcing consumer protection laws in the
financial sector. The CFPB is charged with enforcing a wide variety of consumer protection laws, such
as the the Consumer Financial Protection Act, the Consumer Leasing
Act of 1976, the Fair Credit Billing Act, The Federal Deposit
Insurance Act, and the Truth in Lending Act, to name a few. The Consumer Financial Protection Act, for
example, prohibits covered companies from engaging in “any
unfair, deceptive, or abusive act or practice.”
The media is also reporting that a group of Democrats, led by
Congresswoman Maxine Waters, sent a letter to the Treasury
Secretary asking for the stop work order to be rescinded. They
wrote, “We urge you to immediately rescind what appears to be
an illegal stop work order and allow the public servants at the
CFPB to get back to work for the American people as required by
law.”
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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