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May

24
2023
Industry News

Do not call: States sue telecom company over billions of robocalls

PHOENIX -- Attorneys general across the U.S. joined in a lawsuit against a telecommunications company accused of making more than 7.5 billion robocalls to people on the national Do Not Call Registry.

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May

24
2023
Industry News

Final FTC Rule on Non-Competes Not Expected Before April 2024

According to Bloomberg, The Federal Trade Commission (“FTC”) is not expected to vote on the final version of a new rule that would ban noncompete clauses in employment contracts until April 2024.

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May

24
2023
Industry News

Regulatory Recap: FCC Requests More Authority to Restrict Illegal Robocalls and Robotexts

The Federal Communications Commission has been busy with its call and text regulations. Here are a few of the commission’s updates you should know about this week

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May

24
2023
Trends

Consumer Finance State Roundup

The pace of legislative activity from this year’s current session can make it hard to stay abreast of new laws. The Consumer Finance ABStract’s “Consumer Finance State Roundup” is intended to provide a brief overview of recently enacted measures of potential interest.

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May

24
2023
Trends

Overdraft/NSF revenue down nearly 50% versus pre-pandemic levels

For the past year-and-a-half, CFPB has been closely monitoring trends in overdraft/non-sufficient fund (NSF) fee revenue and practices. With data now available for all four quarters of 2022, we have a fuller picture of reductions in these revenues compared to pre-pandemic levels. Our most recent analysis finds the following:

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