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October

12
2023
Industry News

Case on Federal Agencies’ Interpretation of Statutes on the Supreme Court’s Docket

The U.S. Supreme Court is slated to consider a case on government agency interpretation of statutes, known as the Chevron doctrine, to enact regulations.

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October

12
2023
Industry News

FTC and CFPB Settlement to Require Trans Union to Pay $15 Million over Charges It Failed to Ensure Accuracy of Tenant Screening Reports

The Federal Trade Commission and the Consumer Financial Protection Bureau (CFPB) obtained a settlement that will require credit reporting agency Trans Union LLC and a subsidiary to pay a total of $15 million to settle charges they failed to ensure the accuracy of tenant screening reports by including inaccurate and incomplete eviction records about consumers, hampering their ability to obtain housing.

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October

12
2023
Industry News

AG Nessel Joins Multistate Amicus Brief in Support of Stronger Relief Options for Borrowers Harmed by Predatory Institutions

LANSING – Michigan Attorney General Dana Nessel has joined a coalition of 23 attorneys general in filing an amicus brief with the U.S. Court of Appeals for the Fifth Circuit in the case Career Colleges and Schools of Texas v. U.S. Department of Education, et al. The amicus brief urges the court to uphold the Department of Education’s “Borrower Defense Rule,” which ensures protections for student loan borrowers who experience fraud and abuse by educational institutions and safeguards defrauded borrowers from being burdened with student loan debt.

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October

12
2023
Industry News

CFPB and FTC Take Actions Against TransUnion for Illegal Rental Background Check and Credit Reporting Practices

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) took action against a rental screening subsidiary of the TransUnion conglomerate for violations of the Fair Credit Reporting Act. The TransUnion company failed to take steps to ensure the rental background checks that landlords use to decide who gets housing were accurate.

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October

12
2023
Industry News

NCUA issues letter on resumption of federal student loan payments

NCUA issued a Letter to Credit Unions (23-CU-08) Wednesday on resumption of federal student loan payments. Federal student loan interest resumed Sept. 1, and payments restart in October.

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