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December

18
2023
Industry News

CFPB’s Updated Rulemaking Agenda Signals Final Rules on Nonbank Supervision

The Consumer Financial Protection Bureau released its Fall 2023 rulemaking agenda (PDF) with updates that rules on overdraft fees and personal financial data rights are in the proposal stage.

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December

18
2023
Industry News

NCUA approves budget, revises operating fee schedule methodology

The NCUA Board adopted a final 2024-2025 budget at its Thursday meeting. The approved budget is roughly $8.8 million lower than the proposed 2024 budget. Specifically, compared to the proposed budget, the final 2024 budget reflects the following:

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December

18
2023
Industry News

District Court grants motion to dismiss in FDCPA case regarding an undated Model Validation Notice

On December 5, the U.S. District Court for the Southern District of New York granted a debt collection agency (the defendant) a motion to dismiss an individual’s (plaintiff’s) complaint. The case considers whether an undated Model Validation Notice (MVN) is a material detail that provides standing to sue under the FDCPA.

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December

18
2023
Industry News

Daily Decision Recap: Identity Theft, Land Lines, and More

Each week, ACA International’s compliance team covers relevant case summaries for ACA members. Here’s a rundown of recent top FCRA, TCPA and FDCPA cases

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December

18
2023
Industry News

THE PREDATORY LENDING ELIMINATION ACT WOULD EXTEND CRITICAL FINANCIAL PROTECTIONS FOR SERVICEMEMBERS TO ALL CONSUMERS

WASHINGTON, DC U.S. Senator Jack Reed (D-RI), Chairman of the Senate Armed Services Committee and a senior member of the Banking and Housing Committee, today joined Senators Jeff Merkley (D-OR), Sherrod Brown (D-OH), Chairman of the Senate Banking and Housing Committee, and others in introducing the Predatory Lending Elimination Act (S. 3549).

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