TILA

• The rule also includes clear protections for military members.
• The new rule is expected to save consumers nationwide more than $3.4 billion and an estimated 72 million hours each year shopping for vehicles.
• The report notes that the rule was set to go into effect July 30, 2024 but the Commission issued an order postponing the rule’s effective date pending judicial review.
• The report further outlines the FTC’s consumer and business education efforts on truth in lending, consumer leasing, and electronic fund transfer issues.

  The FTC also provided a copy of the report to the Federal Reserve Board.

  The lead attorney on this matter for the FTC was Carole Reynolds in the Bureau of Consumer Protection.

• Global law firm Greenberg Traurig, LLP continues to expand its Financial Regulatory & Compliance Practice with the addition of Rinaldo Martinez as of counsel in the firm's Washington, D.C., office.
• WASHINGTON, March 11, 2024 /PRNewswire-PRWeb/ -- Global law firm Greenberg Traurig, LLP continues to expand its Financial Regulatory & Compliance Practice with the addition of Rinaldo Martinez as of counsel in the firm's Washington, D.C. , office.
• Martinez's move to Greenberg Traurig is part of the firm's strategic expansion of its global Financial Regulatory & Compliance Practice.
• "We are thrilled to welcome Rinaldo to our growing practice," said Marina Olman-Pal , co-chair of the firm's Financial Regulatory & Compliance Practice.

• Tonya M. Esposito, a Litigation Practice Shareholder in the Washington, D.C. office of global law firm Greenberg Traurig, LLP, will speak at the Association of Corporate Counsel Foundation's Global Women in Law & Leadership Symposium and Honors Dinner June 21, at the United Nation's Delegates Dining Room, in New York City.
• WASHINGTON, June 20, 2023 /PRNewswire-PRWeb/ -- Tonya M. Esposito , a Litigation Practice Shareholder in the Washington, D.C. office of global law firm Greenberg Traurig, LLP , will speak at the Association of Corporate Counsel Foundation's Global Women in Law & Leadership Symposium and Honors Dinner June 21, at the United Nation's Delegates Dining Room, in New York City.
• Esposito will speak on the panel "The Global Rise of Women in the Workplace".
• The symposium will include networking opportunities and programing focused on exploring trends and empowering women leaders.

The staff of the Federal Trade Commission has provided its annual report to the Consumer Financial Protection Bureau on its enforcement and related activities in 2022 on the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Electronic Fund Transfer Act (EFTA). The report highlights the FTC’s enforcement actions related to the acts and their implementing regulations, including in the areas of automobile purchases and financing, payday lending, credit repair and debt relief, other credit, and electronic fund transfers:

• The report also notes the 2022 FTC staff report on dark patterns.
• The report also highlights the agency’s Military Task Force, which comprises a cross-section of FTC representatives and focuses on various initiatives to assist military consumers.