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September

18
2023
Trends

States with the highest credit card debt

Californians are racking up the most credit card debt, according to recent data from personal finance website WalletHub. Currently, consumers across the nation hold $1 trillion in credit card debt.

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September

18
2023
Industry News

FTC Warns Tax Preparation Companies About Misuse of Consumer Data

The Federal Trade Commission is warning five tax preparation companies that they could face civil penalties if they use or disclose confidential data collected from consumers for the purpose of preparing their taxes for other unrelated purposes, such as advertising, without first obtaining consumers’ consent.

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September

18
2023
Compliance

Truth in Lending (Regulation Z) Annual Threshold Adjustments (Credit Cards, HOEPA, and Qualified Mortgages)

The Consumer Financial Protection Bureau (Bureau) is issuing this final rule amending the official interpretations for Regulation Z, which implements the Truth in Lending Act (TILA). The Bureau is required to calculate annually the dollar amounts for several provisions in Regulation Z; this final rule revises dollar amounts for certain provisions implementing TILA and amendments to TILA.

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September

18
2023
Compliance

Wandering through the Consumer Health Data Privacy & Security Forest? There is a guide for that…..

If you are in the consumer health space, you have (or at least we hope you have...) figured out by now that there are health-related privacy and security laws and regulations that apply to your business. The Federal Trade Commission (FTC) and the Department of Health and Human Services (HHS) are the cops on the block, taking that role seriously.

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September

18
2023
Industry News

CFPB Report Sheds Light on Tuition Payment Plans

n a recent report, the Consumer Financial Protection Bureau highlighted the risks faced by students using the tuition payment plans offered by colleges and universities across the U.S., according to a recent press release.

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