On November 21, 2022, Receivables Performance Management LLC reported a data breach with the Attorney General of Maine after the company learned that it had been the target of a 2021 ransomware attack compromising sensitive consumer information stored on its computer network. According to RPM, the breach resulted in the names and Social Security numbers belonging to certain individuals being compromised.
Bailouts of large, dominant, or politically connected firms are a sign of cronyism, not capitalism. In the last crisis, the government took a number of extraordinary steps, including providing bailouts from the public, to prevent the failure of very large financial institutions from inflicting even more catastrophic damage on the economy.
On November 16, 2022, the Consumer Financial Protection Bureau (Bureau) released its Fall 2022 Supervisory Highlights. The 32-page report discusses the Bureau’s key examination findings in the areas of auto servicing, consumer reporting, credit card services, debt collection, deposit accounts, mortgage origination and servicing, and payday lending between January 1 and June 30, 2022.
With 72% voting in favor, Arizonans approved Proposition 209 decreasing the maximum lawful annual interest rate on “medical debt” from 10% to 3%, and increasing the amount of the homestead and other exemptions. These changes, which are effective immediately following certification of the vote and issuance of a proclamation by the governor (the governor does not have the authority to veto), only apply prospectively.
Full Title: Rules and Regulations Implementing the Telephone Consumer Protection Act of 1991; Petition for Declaratory Ruling of All About the Message, LLC
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