WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders are issued with the consent of the parties, unless otherwise indicated.
The Federal Trade Commission today issued a warning that the increasing use of consumers’ biometric information and related technologies, including those powered by machine learning, raises significant consumer privacy and data security concerns and the potential for bias and discrimination.
The global debt pile grew by $8.3 trillion in the first quarter to a near-record high of $305 trillion as the global economy faced a “crisis of adaptation” to rapid monetary policy tightening by central banks, according to a closely-watched report from the Institute of International Finance.
The CFPB recently issued an Advisory Opinion affirming that a covered debt collector who brings or threatens to bring a state court foreclosure action to collect a time-barred debt may violate the Fair Debt Collection Practices Act (FDCPA) and its implementing regulation (Regulation F). The Advisory Opinion is effective May 1, 2023.
FCC Adopts Expanded Robocall Rules That Require One-Day Traceback Support from All Voice Service Providers and Expand Traffic Blocking Obligations for Originating Providers
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