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October

25
2023
Industry News

From the Web: California’s New Law Expands Data Broker Requirements

In a recent move to bolster online privacy, California Gov. Gavin Newsom has signed the Delete Act, empowering Californians to regain control over their personal data by allowing them to request its deletion or forbid its sale or sharing with a single, straightforward process, according to an article from The Verge.

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October

25
2023
Trends

Student loans: Early data shows repayments are already taking a toll

The Census Bureau found that 41.2% of adults reported difficulties paying household expenses in its latest household pulse survey that polled respondents from Sept. 20 to Oct. 2. That was up from 37.3% from the previous two-week polling period between Aug. 23 to Sept. 4 and the highest share on record since the survey first began asking that question in August 2020.

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October

25
2023
Industry News

CFPB Report Finds Credit Card Companies Charged Consumers Record-High $130 Billion in Interest and Fees in 2022

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today released its biennial report to Congress on the consumer credit card market. The report found that in 2022 credit card companies charged consumers more than $105 billion in interest and more than $25 billion in fees.

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October

25
2023
Industry News

FCC CHAIRWOMAN LAUNCHES EFFORT TO BETTERUNDERSTAND AI’S IMPACT ON ROBOCALLS AND ROBOTEXT

WASHINGTON, October 23, 2023—Federal Communications Commission Chairwoman
Jessica Rosenworcel today announced at an event with AARP that she will be sharing with her
colleagues a proposed inquiry that would take a closer look at how artificial intelligence
impacts illegal and unwanted robocalls and texts.

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October

25
2023
Industry News

Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Final Rule Implementing the Community Reinvestment Act

Banks are not ordinary businesses. They are critical infrastructure of the economy. This is why we provide them with many public benefits, and in exchange, they have obligations to meet the “convenience and needs” of the communities they serve.

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