As with most sectors in the financial industry, Nevada credit unions are in the midst of change. COVID accelerated multiple trends credit unions were already experiencing, many of which are tied to the growing preference of customers to use mobile banking and the resulting drop in branch visits and necessary cyber security upgrades.
Hybrid cloud infrastructure, digital products and services, predictive analytics, data security, software development and roughly 6,000 apps. Those are some of the larger line items in the $14 billion 2022 IT budget Lori Beer, JPMorgan Chase’s global CIO, oversees — along with a little research-and-development spend on metaverse technologies.
In a new blog post, “Buy now, pay later – and comply with the FTC Act immediately,” the FTC reminds nonbank participants in the buy-now-pay-later (BNPL) market, such as retailers, BNPL providers, marketers, and debt collectors, that they can be liable for violations of Section 5 of the FTC Act based on the information they communicate to consumers and how they communicate such information.
Since the beginning of 2022, dozens of Florida Telephone Solicitation Act (“FTSA”) claims have been filed. The FTSA and related case law have been bad news for defendants. The FTSA is significantly more restrictive than the TCPA because it contains an overly broad definition of “autodialer” that looks at any system that either automatically dials or selects phone numbers to be dialed; unlike the TCPA, no random or sequential number generator needs to be used.
On September 29, 2022, California passed Assembly Bill (AB) 1601, which requires an employer of customer service employees in a call center to comply with the California Worker Adjustment and Retraining Act (Cal/WARN) requirements prior to a mass layoff, relocation, or termination of employees
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