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October

21
2022
Industry News

Health system discloses breach tied to online data tracker

CHICAGO -- Personal health information of up to 3 million patients in Illinois and Wisconsin may have been exposed to outside companies through tracking technology used on a large hospital system's electronic health records website.

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October

21
2022
Industry News

Report of the CFPB Education Loan Ombudsman

Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Act”) this report analyzes complaint data from September 1, 2021, through August 31, 2022, and notes an overall increase in complaints.  This report also covers the student lending market and makes recommendations to policymakers and law enforcement officials.

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October

21
2022
Industry News

THE FIFTH CIRCUIT’S DECISION FINDING THE CFPB IS UNCONSTITUTIONAL AND OVERTURNING ITS PAYDAY LENDING RULE IS LEGALLY DEFECTIVE

WASHINGTON, D.C.— Dennis Kelleher, Cofounder, President and CEO, issued the following statement in response to the recent decision by the U.S. Court of Appeals for the Fifth Circuit in Community Financial Services Association of America, Ltd. v. Consumer Financial Protection Bureau:

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October

20
2022
Trends

The Situation With Agricultural Lending In The USA

Studies show that many farmers use lending to secure their liquidity. There is a high degree of certainty. Farmers in the states are building up liquidity, and seek to manage their costs and explore additional options available. They can turn to different organizations like Payday Depot and others, and they take their chances.

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October

20
2022
Industry News

Appeals court rules CFPB funding structure unconstitutional

The Consumer Financial Protection Bureau (CFPB)’s funding structure is unconstitutional, a three-judge panel ruled Wednesday. Democrats said the decision could stifle the agency’s efforts to rein in consumer abuses in the financial services industry.

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