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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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July

26
2023
Strategy

Banks’ Cautious Approach to Generative AI Is More Internal Than Customer-Facing

Generative artificial intelligence (AI) has quickly become one of the most important topics of our time, and global banks are beginning to explore the possibilities of the technology so as not to miss out on the impact it is poised to have on the financial services sector.

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July

26
2023
Industry News

CFPB at the Supreme Court: Current and Former Members of Congress, States, Consumer Groups Weigh in on Case

Support has come down on both sides in the U.S. Supreme Court case centered on the Consumer Financial Protection Bureau’s funding and regulatory authority.

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