WASHINGTON, D.C.— Dennis Kelleher, Cofounder, President and CEO, issued the following statement in response to the recent decision by the U.S. Court of Appeals for the Fifth Circuit in Community Financial Services Association of America, Ltd. v. Consumer Financial Protection Bureau:
Studies show that many farmers use lending to secure their liquidity. There is a high degree of certainty. Farmers in the states are building up liquidity, and seek to manage their costs and explore additional options available. They can turn to different organizations like Payday Depot and others, and they take their chances.
The Consumer Financial Protection Bureau (CFPB)’s funding structure is unconstitutional, a three-judge panel ruled Wednesday. Democrats said the decision could stifle the agency’s efforts to rein in consumer abuses in the financial services industry.
Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued guidance to consumer reporting companies about their obligation to screen for and eliminate obviously false “junk data” from consumers’ credit reports. Companies need to take steps to reliably detect and remove inconsistent or impossible information from consumers’ credit profiles.
Even with the advanced technology that supply chain companies use, global supply chains are constantly exposed to various kinds of risk. One such major threat that companies are now facing comes from cyber attackers. So how do manufacturers implement measures to mitigate supply chain risk? Joshua Skeens, COO at Logically, shares insights.
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