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November

22
2022
Industry News

Fair Credit Reporting Act Disclosures

Section 612(f)(1)(A) of the Fair Credit Reporting Act (FCRA) provides that a consumer reporting agency may charge a consumer a reasonable amount for making a disclosure to the consumer pursuant to section 609 of the FCRA. Section 612(f)(1)(A) of the FCRA further provides that, where a consumer reporting agency is permitted to impose a reasonable charge on a consumer for making a disclosure to the consumer pursuant to section 609 of the FCRA, the charge shall not exceed $8.00 and shall be indicated to the consumer before making the disclosure.

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November

22
2022
Industry News

Protecting the right of military families to go to court

The CFPB is committed to ensuring that firms do not violate the law with impunity. Yet unscrupulous lenders and other bad actors have a longstanding practice of repeatedly targeting members of the armed services and their families. This practice jeopardizes the financial security, morale, and readiness of American servicemembers. And, as a result, it jeopardizes our national security.

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November

22
2022
Industry News

Biden-Harris Administration Continues Fight for Student Debt Relief for Millions of Borrowers, Extends Student Loan Repayment Pause

Today, the U.S. Department of Education announced an extension of the pause on student loan repayment, interest, and collections. The extension will alleviate uncertainty for borrowers as the Biden-Harris Administration asks the Supreme Court to review the lower-court orders that are preventing the Department from providing debt relief for tens of millions of Americans.

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November

21
2022
Trends

Economic Update covers growth predictions, credit union margins

CUNA Senior Economist Ligia Vado discusses an overview of third quarter findings and end of year projections in the October 2022 CUNA Economic Update,

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November

21
2022
Industry News

Attorney General Bonta: FTC Should Follow California’s Example and Adopt Robust Data Privacy Protections

OAKLAND – California Attorney General Rob Bonta today urged the Federal Trade Commission (FTC) to adopt robust protections against commercial surveillance and data security practices that harm consumers.

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