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July

27
2023
Industry News

New SEC rule requires public companies to disclose cybersecurity breaches in 4 days

WASHINGTON (AP) — The Securities and Exchange Commission adopted rules Wednesday to require public companies to disclose within four days all cybersecurity breaches that could affect their bottom lines. Delays will be permitted if immediate disclosure poses serious national security or public safety risks.

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July

27
2023
Industry News

Tow companies can’t force you into a loan when releasing your car, Colorado attorney general says

Towing companies in Colorado can’t force customers to enter loan agreements in order to get their car released from an impound lot, according to the state Attorney General’s consumer protection division.

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July

27
2023
Trends

Looking at credit scores only tells part of the story – cashflow data may tell another part

Most loan underwriting in the United States makes use of credit reporting data to evaluate repayment risk. Lenders frequently use third party credit scores, and many also develop their own proprietary models

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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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