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November

7
2023
Industry News

Anti-Robocall Multistate Litigation Task Force Issues Warning Letters to Eight VoIP Providers

LANSING – Last week, the Anti-Robocall Multistate Litigation Task Force issued warning letters to eight Voice over Internet Protocol (VoIP) providers that transmit calls across the nation, and appear to continue transmitting suspected illegal robocall traffic on behalf of one or more clients, announced Michigan Attorney General Dana Nessel.

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November

7
2023
Industry News

Statement of CFPB Director Rohit Chopra on the Financial Stability Oversight Council's Effort to Promote Market Discipline in the Shadow Banking Sector

Financial history is often cyclical. In the years following financial instability, regulators’ and policymakers’ memories fade. Families across the country don’t have that luxury. The economic and psychological damage inflicted by a crisis can linger for many years, and most people will not receive the type of extraordinary government assistance that large financial firms tend to receive.

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November

7
2023
Industry News

Judge dismisses FDCPA suit for communication with CRAs

On October 26, a U.S. District Court for the Eastern District of New York granted a motion to dismiss an FDCPA suit holding that there is nothing in the FDCPA that prohibits debt collectors from reporting information about a debt to a credit reporting agency.

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November

7
2023
Industry News

TransUnion Report Shows Fraud Attacks on Financial Industry Call Centers Rising

At a time when commerce is increasingly conducted digitally, consumers still expect and rely on call centers to deliver timely and trustworthy customer service when they need it. However, according to a new TransUnion (NYSE:TRU) report, these call centers have increasingly become a target for fraud, leading to a complicated balancing act of delivering efficient service and maintaining customer account security.

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November

6
2023
Industry News

Former Norman Car Dealership Owner Chris Mayes to Serve Nearly 11 Years in Federal Prison for Wire Fraud Conspiracy, Forgery, Identity Theft, and Obstruction of Justice

OKLAHOMA CITY – Today, BOBBY CHRIS MAYES, 51 of Norman, was sentenced to serve 130 months in federal prison for wire fraud, conspiracy, issuing forged securities, aggravated identity theft, and obstruction of justice, announced U. S. Attorney Robert J. Troester. Mayes’ co-defendants CHARLES GOOCH, 65 of Moore, and COURTNEY WELLS, 38 of Norman, will be sentenced in the coming weeks.

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