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August

5
2024
Compliance

FDIC Urges Financial Institutions to Complete Voluntary Diversity Self-Assessments

The FDIC is urging financial institutions it supervises to voluntarily submit self-assessments of their diversity policies and practices to the agency by Oct. 31, 2024.

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August

2
2024
Industry News

CFPB to Finalize Rule on Public Registry for Nonbank Entities with Arbitration Agreements

The Consumer Financial Protection Bureau (CFPB) is on the verge of finalizing a proposed rule introduced in March, which will establish a public registry for nonbank entities with arbitration agreements in their contracts. According to a recent CFPB news release, this rule aims to create transparency by making the terms and conditions of these contracts publicly accessible.

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August

2
2024
Trends

New Data: Who Is the Bank’s Most Valuable Credit Card Customer?

Cash cushion users are ideal customers for lenders. They represent a middle ground between reward seekers who do not revolve balances and riskier consumers stuck on the credit treadmill who may struggle to pay the minimum. They tend to be high-income earners and have good credit, making them even more appealing to lenders.

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August

2
2024
Compliance

Insufficient Allegations Doom TCPA Action

A California federal court recently granted a defendant’s motion to dismiss the Telephone Consumer Protection Act (TCPA) claim brought by a plaintiff alleging that she received a trio of unwanted phone calls, finding that she failed to state a claim under the statute.

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August

1
2024
Compliance

Blockbuster SCOTUS Ruling Will Push Privacy and AI Laws Into the Hands of the States: Your Post-Chevron Game Plan

The Supreme Court’s recent landmark ruling that gives employers a powerful tool to fight back against regulatory overreach will have a broad impact on just about every area of workplace law. We’re looking at the specific federal agency rules and positions most susceptible to attack now that SCOTUS ditched the decades-old Chevron doctrine. This edition will focus on how the new standard will affect the way federal agencies – particularly the Federal Trade Commission – attempt to regulate privacy and artificial intelligence.

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