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November

8
2022
Industry News

New York City Proposes Amendments to Debt Collection Rules

The New York City Department of Consumer and Worker Protection is proposing amendments to its debt collection rules that would strengthen consumer disclosures and update requirements for reports licensed agencies must submit to the department, among other changes.

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November

7
2022
Industry News

Attorney General Frosh Enters into Multistate Settlements Addressing 2015 Experian Data Breach

BALTIMORE, MD (November 7, 2022) – Maryland Attorney General Brian E. Frosh today announced separate settlements with Experian Information Solutions, Inc. (Experian) and TMobile USA, Inc. (T-Mobile) concerning a 2015 data breach experienced by Experian that compromised the personal information of more than 15 million individuals who submitted credit applications with T-Mobile.

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November

7
2022
Industry News

CFPB Targets Financial Industry's Ability to 'Hoard' Personal Data in Proposed Rule

The Consumer Financial Protection Bureau is taking steps to potentially incorporate more financial data protection rules into federal regulations to help individuals maintain control over their sensitive information.

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November

7
2022
Industry News

FTC Action Against Drizly and CEO Provides Insight Into Its Security Expectations

The FTC recently took action against the online alcohol marketplace company Drizly and its CEO for alleged security failures. The case arose from a 2018 data breach which was caused – according to the FTC – by poor security measures stemming from the company’s alleged failure to devote sufficient resources or attention to data security.

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November

7
2022
Trends

CUNA economics: Tight job market continues

CUNA Senior Economist Dawit Kebede issued the following statement in response to the Labor Department’s October Employment Situation: “The U.S. economy added 261,000 jobs in October, with service-providing industries responsible for 77% of the growth.

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