The Federal Communications Commission (FCC) has issued a call for public comments on a proposed rule aimed at improving the Robocall Mitigation Database. This database, established in 2021 under the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act, requires voice service providers to track call authentication and ensure their services are not facilitating illegal robocalls.
Congressional finance legislators earlier this week chastised a decision by the U.S. Chamber of Commerce and the American Bankers Association (ABA) to sue banking regulators in an effort to block them from reforming the Community Reinvestment Act (CRA).
Each month, Kelley Drye’s Communications Group offers this reminder of upcoming filing deadlines that may affect our clients and friends. Please review the deadlines below and contact us if you would like assistance or have any questions.
Three banks will lower their prime lending rate after the Federal Reserve decided to reduce the federal funds rate. BMO, Truist Financial and MT&T Bank said in separate press releases issued Wednesday (Sept. 18) that they will lower their prime lending rate from 8.5% to 8%, effective Thursday (Sept. 19).
Pennsylvania AG Michelle Henry announced yesterday the launch of an online portal for businesses to report data breaches to the AG’s office. The portal launch comes before Pennsylvania’s new breach amendments take effect on September 26, 2024. One of the amendments will require businesses to report to the AG Office any breach that impacts more than 500 Pennsylvania residents. Businesses can provide notice to the AG using the new online portal.
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