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January

5
2024
Industry News

Statement of CFPB Director Rohit Chopra on the Federal Student Loan Return to Repayment Issue Spotlight

In March 2020, the federal government announced that payments in connection with federal student loans owned by the U.S. Department of Education would be suspended, and interest would be waived for the duration of the suspension. In June 2023, Congress enacted legislation to end the pause, and a few months ago, required payments resumed.

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January

5
2024
Industry News

Attorney General Announces Arrest in Meijer mPerks Theft

LANSING – Michigan Attorney General Dana Nessel announced today the arrest and arraignment of Nicholas Mui, 22, of Grand Haven, in connection to the systemic theft and sale of account access information tied to ‘mPerks’ accounts. Mui was arraigned in the 59th District Court in Kent County on December 27th on one count of Conducting a Criminal Enterprise, a 20-year felony, one count of Use of a Computer to Commit a Crime, a 20-year felony, and seven counts of Identity Theft, each count a 5-year felony.

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January

5
2024
Industry News

Issue Spotlight: Federal Student Loan Return to Repayment

As monthly payments for federally owned student loans come due for the first time in over three years, the Consumer Financial Protection Bureau (CFPB) is actively engaged in oversight of this return to repayment. We are supervising student loan servicers, monitoring consumer complaints, and collaborating with federal and state partners to ensure that servicers are held accountable when they fail to meet their legal obligations to borrowers during this critical period.

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January

5
2024
Industry News

FTC to Host Virtual Summit on Artificial Intelligence

The Federal Trade Commission’s Office of Technology is hosting a virtual tech summit on January 25, 2024 that will bring together a diverse group of stakeholders to discuss key developments in the rapidly evolving field of artificial intelligence (AI), looking across the layers of technology related to AI.

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January

5
2024
Industry News

Attorney General Mayes Announces $13 Million Settlement with Cox Communications for Disguising Price Increases as Routine Fees

PHOENIX – Attorney General Kris Mayes announced today that her office had secured a settlement with Cox Communications for more than $13 million, resolving an investigation and lawsuit alleging the telecommunications company failed to adequately disclose additional fees to customers.

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