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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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September

18
2023
Trends

Student loan borrowers at risk of scams as payments restart, says FTC

Student loan payments are restarting in October after a pause of more than three years — and scammers are trying to take advantage, the Federal Trade Commission warned. Fraudsters may try mislead borrowers by offering assistance and asking them to pay for it, Ari Lazarus, consumer education specialist at the FTC, wrote in a consumer alert Thursday. Those fake offers might include lowering borrowers’ monthly payments, avoiding repayment or getting their loans forgiven.

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September

18
2023
Industry News

FTC Settles With Background Report Companies for FCRA Violations and Deceptive Acts

The Federal Trade Commission (“FTC”) on September 11, 2023, settled a claim against a group of affiliated entities operating a background reporting business, Instant Checkmate, LLC, TruthFinder, LLC, The Control Group Media Company, LLC, Intelicare Direct, LLC, and PubRec LLC (“background report companies” or “companies”) for alleged misrepresentations that deceived consumers about whether they had criminal records and for operating as a consumer reporting agency without following the requirements of the Fair Credit Reporting Act (“FCRA”).

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