WebRecon’s latest report shows litigation made some ground in March in Fair Debt Collection Practices Act, Telephone Consumer Protection Act and Fair Credit Reporting Act claims, compared to the much lower numbers in February.
WASHINGTON (Reuters) -The Federal Reserve will unveil its plan to ratchet up capital rules for banks this summer and will ensure supervisors more aggressively police lenders following several recent bank failures, its top regulatory official told Congress on Tuesday.
Small business lending’s new data-driven approach may be headed for more scrutiny on Capitol Hill. To that end, Rep. Maxine Waters (California), the top Democrat ranking member on the House Financial Services Committee, and Rep. Nydia Velázquez (D-New York), ranking member on the House Small Business Committee, weighed in on the latest changes in a letter to Consumer Financial Protection Bureau Director Rohit Chopra asking for a briefing among House Democrats.
On May 15, 2023, R&B Corporation of Virginia d/b/a Credit Control Corporation (“CCC”) filed a notice of data breach with the Maine Attorney General after learning that an unauthorized illegally copied certain files from the company’s computer network.
Just last week, Federal Trade Commission (FTC) sued XCast Labs, Inc., a Voice over Internet Protocol (VoIP) provider, for its alleged involvement in facilitating illegal robocalls. Despite receiving multiple warnings, the company continued to allow hundreds of millions of these unlawful calls to flow through its network. The complaint, filed on May 12, 2023 by the Department of Justice in the Central District of California on behalf of the FTC, seeks to put an end to XCast Labs' activities.
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