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February

12
2024
Industry News

California data privacy ballot measure can take effect immediately, court rules

Californians can now enforce a ballot measure that seeks to protect privacy rights by allowing consumers to stop businesses from using or selling information about their location, health, race, gender or other personal details, a state appeals court ruled Friday.

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February

9
2024
Compliance

Facts about fraud from the FTC – and what it means for your business

The FTC just issued its 2023 Consumer Sentinel Network Data Book jam-packed with facts about the kind of scams consumers have reported to us. Has the reported dollar amount lost to fraud gone up or down this year? And what are the most frequently reported scams?

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February

9
2024
Industry News

OCC Hosts Public Appraisal Subcommittee Hearing on Appraisal Bias

WASHINGTON—The Office of the Comptroller of the Currency (OCC) will host a public hearing of the Appraisal Subcommittee (ASC) on appraisal bias on February 13, 2024, from 10:00 a.m. to 1:00 p.m., at its headquarters, 400 7th Street SW, Washington, D.C.

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February

9
2024
Industry News

ESL issues warning to customers about recent phishing schemes

ROCHESTER, N.Y. (WROC) — ESL Federal Credit Union is warning customers about recent fraudulent activity. According to ESL, they were alerted to an increase in phishing schemes — a type of scam that tricks customers into giving their personal information to the scammers.

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February

9
2024
Industry News

Yellen sees more commercial real estate stress, losses, but no systemic banking risk

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Thursday that she expects additional bank stress and financial losses from weakness in the commercial real estate market but believes this will not pose a systemic risk to the banking system.

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