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August

19
2024
Industry News

CFPB files and prosecutes yet another enforcement lawsuit using funds obtained in violation of the CFPB’s enabling statute (Dodd-Frank Act) and the Constitution

The Introduction to the Complaint which was filed by the CFPB on May 17, 2024 against Solo Funding, Inc. in the United States District Court for the Central District of California – Western Division Los Angeles.

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August

19
2024
Compliance

FCC Proposes First-of-Their-Kind TCPA Rules for AI-Generated Robocalls and Robotexts

On August 7, 2024 the Federal Communications Commission proposed new consumer protections against AI-generated robocalls and robotexts. The Notice of Proposed Rulemaking broadens the FCC’s efforts to address AI’s impact on the rights of consumers under the Telephone Consumer Protection Act.

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August

19
2024
Trends

Social Security Number Hack May Produce New Fraud Vector

Earlier this year, hackers stole the data of 2.9 billion people from a broker. Now, that breach threatens to usher in a wave of identity fraud and other crimes, Teresa Murray, consumer watchdog director for the U.S. Public Interest Research Group, said in a recent Los Angeles Times (LAT) interview.

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August

16
2024
Industry News

Congress members: 1033 Rule could hinder innovation of fraud prevention tools

On July 31, a bipartisan group of Congress members sent a letter to CFPB Director Rohit Chopra raising concerns regarding the Bureau’s proposed 1033 Rule, which relates to consumer financial data privacy (covered by InfoBytes here).

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August

16
2024
Industry News

NERDY: New Case Discusses TCPA Remedies Versus Causes of Action and I am Here For It

No matter how famous and powerful I become, the Czar will always be a little procedural nerd at heart. How many demurrers did I bring as a young lawyer reminding courts that an injunction is a remedy and not a cause of action under California law? Awww, memories. But interestingly matters are different under the TCPA.

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