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March

14
2023
Industry News

FTC Submits Annual Budget Request to Congress

The Federal Trade Commission submitted to Congress its Fiscal Year 2024 budget request, in support of the President’s FY 2024 budget for the federal government. The budget request also includes the Performance Plan for FY 2023 and FY 2024 and Performance Report for FY 2022, as required under the GPRA Modernization Act of 2010.

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March

13
2023
Trends

Mortgage Rates Climb Further Past 7%

The 30-year fixed mortgage rate increased for the fifth week in a row, now averaging 7.16%. Adjustable mortgage rates also ticked up.

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March

13
2023
Trends

Attorney General releases list of top 10 consumer complaints

NEW YORK – New York Attorney General Letitia James kicked off National Consumer Protection Week by releasing a list of the top 10 consumer complaints received by the Office of the Attorney General (OAG) in 2022. The top complaints range from price gouging of infant formula and children’s medication, flight cancellations, and the dramatic increase in gasoline prices.

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March

13
2023
Compliance

Achieving PCI DSS Compliance Through Penetration Testing

If you’re reading this blog post, chances are you already know what PCI DSS and penetration testing is. But don’t worry – if you don’t, we’re breaking it down for you!

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March

13
2023
Industry News

CFPB Supervisory Highlights Report Covers ‘Junk Fees’

The Consumer Financial Protection Bureau has released a special edition of its Supervisory Highlights report, an overview of the agency’s findings on fees in the areas of deposits, auto servicing, mortgage servicing, payday and small-dollar lending, and student loan servicing, completed between July 1, 2022, and Feb. 1, 2023.

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