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June

13
2023
Industry News

FCC Assesses Over $5M Forfeiture for Unlawful Robocalls

FCC assesses over $5M in fines against John M. Burkman, Jacob Alexander Wohl, and J.M. Burkman & Associates LLC for making 1,141 unlawful robocalls to wireless numbers.

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June

13
2023
Industry News

Credit Unions Gear Up to Build Instant Payments Ecosystems as FedNow Looms

July 2023 will mark the second time in six years that a new real-time payments rail will go live in the United States. And with it comes a lot of uncertainty about whether the Federal Reserve will move as “fast” in adapting these rails to the use cases that matter for credit union members. But forward-thinking CUs can leverage members’ trust to forge new instant payments ecosystems.

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June

13
2023
Industry News

CFPB aims to give ‘open banking’ rule teeth in 2024

The bureau’s chief, Rohit Chopra, laid out a timeline on a rule change meant to make it easier for consumers to break up with their banks.

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June

13
2023
Industry News

Carr: Biden Administration Must Immediately Rescind Burdensome Credit Reporting Rule for Small Businesses

ATLANTA, GA – Attorney General Chris Carr today wrote to the Biden administration’s Consumer Financial Protection Bureau (CFPB) to request it immediately rescind its final rule requiring financial institutions to unnecessarily collect and report data regarding applications for credit for small businesses.

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June

13
2023
Industry News

CFPB’s Latest Rulemaking Inquiry Focuses on Data Brokers and the FCRA

The Consumer Financial Protection Bureau is seeking public and market input on the activities of data brokers as part of plans to issue a rulemaking under the Fair Credit Reporting Act.

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