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July

27
2023
Industry News

Student loan interest crisis? New bill could eliminate rates for many borrowers

Tens of millions of Americans who have student loan debt are slated to resume making payments in the fall. The interest that comes with that debt will kick in again, too

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July

27
2023
Industry News

OCC fines American Express $15 million for third-party noncompliance

WASHINGTON — The Office of the Comptroller of the Currency has hit American Express National Bank with a $15 million civil money penalty for violations related to its oversight of one of its third-party affiliates.

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July

27
2023
Trends

Financial struggles in Puerto Rico bite deeper than the rest of the United States

The CFPB works to ensure fair and equal access to financial products and services, especially among those who have been historically left out of full participation in the marketplace. This includes making a concerted effort to ensure that Puerto Rico and the territories are being analyzed and served just as other regions of the United States.

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July

26
2023
Industry News

Protecting the privacy of health information: A baker’s dozen takeaways from FTC cases

In the past few months, the FTC has announced case after case involving consumers’ sensitive health data, alleging violations of both Section 5 of the FTC Act and the FTC’s Health Breach Notification Rule.

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July

26
2023
Industry News

Prepared Remarks of Director Rohit Chopra for Community Table on White House Blueprint for a Renters Bill of Rights

Today’s renters increasingly must deal with large corporate property managers working for private equity funds, rather than local landlords living in the community. Corporate investor ownership has surged, climbing to more than 45 percent of rental units.

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