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July

12
2023
Industry News

132 Members of Congress Say CFPB Funding Structure Unconstitutional

The group filed an amicus curiae brief to the Supreme Court in support of upholding a lower court’s decision that the CFPB’s funding structure is unconstitutional, and that the agency’s funding should be subject to congressional appropriation, the House Financial Services Committee (HFSC) said in a Tuesday (July 11)

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July

12
2023
Industry News

FTC Issues Warning To Consumers About Scammers Impersonating FTC Staff

The Federal Trade Commission has issued a new blog post warning consumers about scammers who are impersonating FTC staff members.

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July

12
2023
Industry News

California Joins Multi-State $12.4 Million Settlement with Broker-Dealer Raymond James

SACRAMENTO — The California Department of Financial Protection and Innovation (DFPI) announced today it has joined a multi-state settlement with Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. (collectively, Raymond James). The firms will pay at least $8.2 million in refunds to clients and $4.2 million in penalties and costs to the states for failing to ensure reasonable commission charges on equity transactions, harming main street investors.

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July

11
2023
Industry News

Nevada enacts amendments allowing collection agency employees to work from remote locations

The Nevada Legislature recently passed Senate Bill 276 (“SB 276”), which permits employees of Collection Agencies to work from remote locations and exempts certain entities from qualifying as a “Collection Agency.” The provisions of SB 276 relevant to Collection Agencies will become effective on October 1, 2023.

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July

11
2023
Industry News

Chairwoman Proposes Rules to Protect Consumers' Cell Phone Accounts

FCC Privacy Task Force Announces Chairwoman Rosenworcel's Proposed Rules to Protect Consumers' Cell Phone Accounts

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