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October

5
2023
Industry News

Affinity Federal Credit Union's Pledge to 'People Helping People' Takes Center Stage on Impact Day

BASKING RIDGE, N.J., October 05, 2023--(BUSINESS WIRE)--Affinity Federal Credit Union ("Affinity") and its non-profit arm, The Affinity Foundation, are proud to announce its upcoming Impact Day on October 9, 2023.

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October

5
2023
Trends

Consumers Are Voicing Concerns About AI

Over the last several years, artificial intelligence (AI)—a term which can refer to a broad variety of technologies, as a previous FTC blog notes—has attracted an enormous amount of market and media attention. That’s in part because the potential of AI is exciting: there are opportunities for public progress by enhancing human capacity to integrate, analyze, and leverage information.

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October

5
2023
Industry News

CFPB Announces Advisory Committee Appointments

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) announced the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council.

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October

5
2023
Industry News

NY federal court denies motion to dismiss CFPB lawsuit against debt buyer companies and their owners/officers for unlawful debt collection practices based on third-party conduct

A New York federal district court has denied a motion to dismiss the lawsuit filed in January 2022 by the CFPB against three companies that purchase portfolios of defaulted debts (Corporate Defendants) and three individuals who are owners and/or officers of the Corporate Defendants (Individual Defendants).

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October

5
2023
Industry News

Prepared Remarks of Seth Frotman, General Counsel and Senior Advisor to the Director, at New Jersey Citizen Action Education Fund’s 14th Annual Financial Justice Summit

New Jersey has made great progress on a range of crucial consumer protection issues, from last year’s legislation providing important protections against predatory lending by for-profit schools to building momentum on basic debt collection standards to fighting off efforts to allow problematic earned wage access products.

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