Consumer Law Newsletters

The Funeral Rule - Alternative Price Lists

The Funeral Rule permits funeral providers to use alternative price lists for certain groups. However, funeral providers who use alternative price lists must comply with all provisions of the Rule, including the provisions for mandatory disclosures and itemized prices.

Home Ownership and Equity Protection Act - Required Disclosures

If a loan is a high-rate or high-fee loan within the meaning of the Home Ownership and Equity Protection Act, the borrower is entitled to receive disclosures at least three business days before the loan is finalized.

The Truth in Lending Act - Advertising Consumer Credit - Closed-End Credit and Buydowns

Under the Truth in Lending Act, special rules apply to advertisements for loans in which the seller or a third party "buys down" the interest rate during the early years of the loan. Such ads may show the reduced simple interest rate or rates applicable during the buydown period.

Fair Debt Collection Practices Act - False and Misleading Statements

The Fair Debt Collection Practices Act prohibits a debt collector from making false or deceptive statements in connection with the collection of a debt.

Federal Penalties for Deceptive Advertising

Advertisers who run deceptive advertisements in violation of federal law may be subject to the following penalties: Cease and Desist Orders, Civil Penalties and Consumer Redress, Corrective Action, and Bans and Bonds.