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October

28
2022
Industry News

These cybersecurity vulnerabilities are most popular with hackers right now - have you patched them?

Cybersecurity researchers detail some of the security flaws that are most associated with attacks in recent times. One is years old.

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October

28
2022
Trends

U.S. auto sales to rise in October as supply chains improve - report

Oct 26 (Reuters) - U.S. auto retail sales are expected to rise in October as supply chain snags ease, making more vehicles available at dealerships amid higher demand, an industry report from consultants J.D. Power and LMC Automotive showed on Wednesday.

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October

28
2022
Industry News

NY Department of Financial Services Reaches Settlement With Bank Over Alleged Fair Lending Violations Involving Auto Dealer Markups

On October 6, the New York State Department of Financial Services (NYDFS) announced a consent order with Rhinebeck Bank (Rhinebeck) to resolve allegations that, in violation of New York Executive Law Section 296-a, the bank instituted discretionary dealer markup policies that resulted in a disparate impact that negatively affected members of minority groups.

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October

28
2022
Compliance

Understanding the Hunstein decision's impact on debt collection

October 28, 2022 - An 11th U.S. Circuit Court of Appeals case has left the debt collection world on pins and needles for a year wondering if a ministerial part of their business practice was suddenly a violation of the Fair Debt Collection Practices Act (FDCPA). For years, it was common practice to share consumer debt information with third-party mail vendors to send collection letters, but one ruling threw that all into chaos.

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October

28
2022
Industry News

CFPB Responds to 5th Circuit’s Decision—But in a Different Case

The Consumer Financial Protection Bureau has responded to a request to dismiss an enforcement action from TransUnion, signaling its stance on challenges to the constitutionality of the bureau’s funding structure.

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