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September

5
2024

FCC to Consider Further Unwanted Call & Illegal Texting Protections

FCC Chairwoman Jessica Rosenworcel today announced the FCC will vote later this month on new rules to further protect consumers from illegal and unwanted calls and texts. If adopted by a vote of the full Commission at its September 26 Open Meeting, the new rules will bolster current FCC rules on blocking and robocall mitigation in several key areas.

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September

5
2024
Industry News

CFPB Report Highlights Consumer Protection Issues in Medical and Rental Debt Collection

The Consumer Financial Protection Bureau (CFPB) today issued its annual report on debt collection, which highlights aggressive and illegal practices in the collection of medical debt and rental debt. The report discusses how problems with real estate companies’ “revenue management software” can result in improperly inflated rental debt amounts.

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September

4
2024
Industry News

Asset Recovery Scam Involving Unauthorized Use of DFPI Logo

The California Department of Financial Protection and Innovation (DFPI) has received information about scammers fraudulently claiming to be from the “Department of Financial Protection and Innovation” and using the same letterhead and logo of the DFPI.

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September

4
2024
Compliance

OCC Releases CRA Evaluations for 17 National Banks and Federal Savings Associations

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of August 1, 2024, through August 31, 2024. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.

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September

4
2024
Strategy

Collecting Personal Information During Checkout: Balancing Consumer Rights with Business Marketing

Building a customer base is time-consuming and expensive. Engaging existing customers is often easier and more profitable than acquiring new customers.  In the US, email and other targeted marketing is a low-cost and high-ROI way to foster this engagement, which makes collecting customers’ email addresses (and other personal information) a high priority for marketers.

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