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December

9
2022
Industry News

New York Telemarketing Law Requires Immediate Disclosure of DNC Right

In December 2022, New York Governor Kathy Hochul signed a bill into law that requires telemarketers to advise consumers at the very beginning of telemarketing calls of their right to be placed on the company’s Do-Not-Call (DNC) list. This amends existing law (Section 399-Z) that had required telemarketers to disclose the right to be added to the seller’s entity-specific DNC list during a call but had not stipulated when the disclosure had to be made.

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December

9
2022
Industry News

Arizona judge puts part of Proposition 209, which gives medical debt relief, on hold

Arizonans overwhelmingly approved ballot Proposition 209, which reduces the maximum interest rate on medical debt, but a judge has halted the measure from taking full effect, at least for now.

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December

8
2022
Industry News

OCC judge recommends $18.5M in fines for 3 ex-Wells Fargo execs

Three former Wells Fargo executives should pay $18.5 million in fines over their alleged roles in the bank’s 2016 fake-accounts scandal, an in-house judge for the Office of the Comptroller of the Currency (OCC) recommended in a decision released Wednesday.

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December

8
2022
Industry News

CFPB Investigates Crypto Lender

On December 1, 2022, the Consumer Financial Protection Bureau (Bureau) made public an administrative order denying Nexo Financial LLC’s (Nexo) petition to modify the Bureau’s civil investigative demand. The order represents the first publicly known Bureau investigation of a digital asset company, in this case, over Nexo’s “Earn Interest” crypto lending product.

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December

8
2022
Compliance

Understanding Significant Changes Under PCI DSS 4.0

For PCI-certified organizations, Significant Changes are a common source of confusion, both what is considered a Significant Change and what is required by PCI when one has taken place. In the PCI DSS 4.0, a Significant Change is defined as:

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