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April

17
2024
Industry News

FTC Action Leads to Industry Ban for Ringleader of Student Loan Debt Relief Scam

The ringleader of a student loan debt relief scam will be permanently banned from the debt relief industry and is required to turn over assets as part of a settlement with the Federal Trade Commission.

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April

17
2024
Compliance

Security Principles: Addressing Vulnerabilities Systematically

For more than two decades, the FTC has been bringing enforcement actions for violations of national consumer protection laws due to companies’ poor security practices.

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April

16
2024
Trends

CFPB’s Spring Supervisory Highlights Report Reinforces Focus on Consumer Reporting, Furnisher Activities

On April 8, 2024, the Consumer Financial Protection Bureau (CFPB) published the 32nd edition of its Supervisory Highlights report. As discussed in more detail below, the report highlights consumer reporting issues identified in examinations completed from April 2023 through December 2023.

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April

16
2024
Industry News

Federal Government Requests Public Input on Comment and Rulemaking Processes

Led by the Office of Management and Budget, the effort is an opportunity for stakeholders to express their priorities for government processes.

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April

16
2024
Industry News

CFPB Updates Supervision Designation Procedures

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) issued a procedural rule to update how the agency designates a nonbank for supervision. The updates will streamline the designation proceedings for both the CFPB and nonbanks.

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