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August

23
2024
Strategy

Chaos Engineering: AWS Chief Technologist on Preparing for the Unexpected

Practice makes perfect, as the adage goes, even when you’re practicing failure. That’s a rough approximation of how Amazon Web Services practices operational resilience. Other companies may try and even succeed at proactively stopping business disruption. At AWS, practicing disruption is part of the culture.

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August

22
2024
Industry News

SCARY WIN: Anton Ewing Nets Over $78k On a TCPA Default Judgment Over Just 13 Calls with a New CIPA/TCPA Theory That’s Pretty Terrifying

“Imagine that” That’s all his email sent as he forwarded an ecf notification of the default judgment. Anton Ewing is obviously quite pleased with his handiwork in his latest TCPA/CIPA victory over a defendant who did not show up to defend herself.

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August

22
2024
Industry News

CFPB Takes Action Against Fay Servicing for Illegal Foreclosure Actions and Violating Law Enforcement Order

The Consumer Financial Protection Bureau (CFPB) today ordered Fay Servicing to pay a $2 million penalty for violations of mortgage servicing laws, as well as for violations of a 2017 agency order that addressed its illegal foreclosure practices. The company failed to implement the order’s requirements and continued to break the law.

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August

22
2024
Industry News

Financial Data Transparency Act of 2022: Notice of Proposed Rulemaking

On August 22, 2024, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Consumer Financial Protection Bureau, the Federal Housing Finance Agency, the Commodity Futures Trading Commission, the Securities and Exchange Commission, and the Department of Treasury (collectively, the agencies) published in the Federal Register a joint notice of proposed rulemaking to implement the Financial Data Transparency Act of 2022 (FDTA).

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August

22
2024
Industry News

Patelco Credit Union Cyberattack – UPDATE

On July 2, the California Department of Financial Protection and Innovation (DFPI) was advised that Patelco Credit Union was subjected to a ransomware attack on June 29, 2024. On August 20, Patelco noticed its members that confidential information may have been exposed due to the attack.

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