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March

7
2024
Industry News

U.S. Department of Education Imposes $14 Million Fine Against Liberty University for Clery Act Violations

The U.S. Department of Education (Department) today announced its office of Federal Student Aid (FSA) is imposing a $14 million fine as a result of a settlement agreement with Liberty University (Liberty) for material and ongoing violations of the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act (Clery Act), including with respect to its published crime statistics and treatment of sexual assault survivors.

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March

7
2024
Industry News

Federal Regulators Continue their Focus on Fair Lending and Appraisal Bias

As 2024 gets off the ground, federal regulators are continuing their focus on fair lending issues. In February, the Federal Financial Institutions Examination Council (FFIEC) released a statement on examination principles related to valuation discrimination and bias in residential lending.

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March

7
2024
Industry News

Powell reinforces position that the Fed is not ready to start cutting interest rates

In prepared remarks for congressionally mandated appearances on Capitol Hill Wednesday and Thursday, Powell said policymakers remain attentive to the risks that inflation poses and don’t want to ease up too quickly.

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March

7
2024
Industry News

AG Nessel Advises Consumers To “Slam the Scam” During National Consumer Protection Week

LANSING – As part of the Federal Trade Commission’s (FTC) National Consumer Protection Week, Michigan Attorney General Dana Nessel is encouraging residents to “Slam the Scam” on March 7.

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March

7
2024
Trends

Nevada offers fewer consumer debt protections than almost every other state, report says

Nevada is one of the worst states in the nation when it comes to offering consumer debt protections, according to a new analysis by the National Center for Access to Justice at Fordham Law School. Nevada ranked 47th in the nation on NCAJ’s Consumer Debt Litigation Index, which analyzes states against 24 specific policies designed to protect consumers.

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