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October

5
2023
Industry News

New York Department of Financial Services Reminds Auto Finance Companies to Credit Consumers for Ancillary Product Refunds

If you cancel a service before your contract is up and you paid ahead of time, you probably expect a refund. For example, if you paid $600 for a year’s worth of a service and cancelled nine months into the contract, you should get about $150 back, assuming that the contract provides for pro rata refunds upon early cancellation.

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October

5
2023
Industry News

Attorney General James and Multistate Coalition Secure $49.5 Million from Cloud Company for Data Breach

NEW YORK – New York Attorney General Letitia James and a multistate coalition of 50 attorneys general reached a $49.5 million agreement with cloud company Blackbaud over a massive data breach that impacted thousands of nonprofit institutions, including charities, colleges and universities, and health care organizations in New York and across the country. Blackbaud provides donor data management software and, in 2020, experienced a data breach that exposed the personal information of its customers and millions of their donors and constituents.

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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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