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June

5
2024
Compliance

Utah, Colorado Pave Way for AI-Specific State Laws – Is Your Company Ready for the Impending Regulation Wave?

The regulation of artificial intelligence (AI) has drawn significant interest from policymakers in the US, particularly at the state level. There has been a recent slew of legislative activity with respect to comprehensive AI bills across various states. We expect to see this new wave of comprehensive AI regulation at the state level continue to increase over the coming months. Early state AI laws have the potential to exert an outsized influence on the trajectory of AI regulation in the US.

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June

5
2024
Compliance

Your Medicare number is valuable. Protect it

Scammers spend their days pretending to be someone they aren’t, like government agents or medical staff, to con us out of information and money

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June

4
2024
Compliance

FTC’s 2023 Report to CFPB: Key Highlights and Consumer Protections

The Federal Trade Commission (FTC) has recently submitted its annual report to the Consumer Financial Protection Bureau (CFPB), detailing its enforcement and related activities for 2023. This report covers the FTC’s efforts under the Truth in Lending Act (TILA), the Consumer Leasing Act (CLA), and the Electronic Fund Transfer Act (EFTA), reflecting the changes instituted by the Dodd-Frank Act.

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June

4
2024
Industry News

CFPB Warns Against Deception in Contract Fine Print

WASHINGTON, D.C. - The Consumer Financial Protection Bureau (CFPB) today issued a circular warning against the use of unlawful or unenforceable terms and conditions in contracts for consumer financial products or services.

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June

4
2024
Strategy

6 ways credit unions can attract Gen Z members

A significant portion of the dollar earning and spending population — an estimated 1.7 billion people — will be entering into the economy in the coming years. Credit unions need to start considering how to reach this generation with unique values and exceptional digital fluency. We’re sharing six ways your credit union can captivate Gen Z members and secure a place in the hearts and wallets of tomorrow’s financial leaders.

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